The casual observer of the Blockchain Dashboard may have been impressed with Solana last week as 355 million transactions appear to outperform all other blockchains in that seven days.
Supporting the view that Solana requires extra capabilities to meet demand, engineers implemented SIMD-0207 to increase the block size of the blockchain by 4%.
However, the headline says that the transaction outweighs all other blockchains. It dramatically exaggerates the meaningful use of Solana. In contrast to most computational, non-financial transactions in Solana, transactions on other blockchains are primarily permissions to move real money.
For example, in contrast to the Bitcoin blockchain, where the vast majority of transactions involve a capital movement, Solana’s blockchain is mostly filled with “program interactions.” These non-financial voting behaviors among proof participants correspond to computers sending commands to each other.
Read more: Solana’s TRX makes just as reasonable as Bitcoin’s ETH
In other words, it makes no sense to compare Solana’s transactions with third-party blockchains that users are trying to trade, wager, or otherwise exploit for financial purposes.
Solana’s true transactions are at least 75% less
Most dashboards at publishing time Three-quarters of Solana have been ruled out Transactions from more realistic true transaction (TPS) metrics per minute. The implicit approval of Solana’s unusual processing levels is already evident at the starting point of less than a quarter of analysis.
Ultimately, Solana’s impressive transaction counts highlight the ability to store data, but transaction counts alone do not amount to meaningful blockchain activity.
In fact, most of Solana’s transactions are internal program interactions, fundamentally different from financial transactions that dominate other networks.
It is essential to consider the amount of applications from apples to adopt blockchain, as well as the purpose of the transaction.
