![]() | We often see media articles about Solana setting records for throughput and fee revenue, but this is extremely misleading since 90-95% of transactions are not real transactions. The true TPS for Solana is about 250-300 TPS due to the vast majority of transactions just being vote and helper function transactions spamming the network. The Solscan and Solana.fm blockchain explorers show total TPS at ~4000 TPS with non-vote TPS at around 1200 TPS. In addition, the majority of the remaining non-vote transactions are Compute Budget transactions like SetComputeUnitLimit and SetComputeUnitPrice. If we subtract those Compute transactions, the real True TPS is actually closer to about 250 TPS. In fact, over 90% of transactions on Solana would never even be counted as real transactions on other blockchains. These vote and compute transaction inflate both the throughput and fee revenue metrics of Solana. The vast majority of Solana fees are just validators paying other validators to vote on consensus and users setting transaction fees. From recent xxx042069 blocks:
That's right. Only 6.6% of transactions on average are real transactions. Many of you are already familiar with vote transactions. But what are Compute Budget transactions?
On any other blockchain, you wouldn't need to create an extra transaction just to set the gas limits or priority fees for a transaction. It's a built-in part of the original transaction. That's why I wouldn't consider these true transactions. Besides Compute Budget transactions, there are also other helper functions like "System Program" transactions and "Associated Token Account Program" transactions, many of which probably shouldn't be considered useful true transactions either. [link] [comments] |
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