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Solana achieves record 1 TPS in stress test – memecoins dominate with 62% of network activity
Solana hits record highs in stress test and memecoins take over the network Blockchain platform Solana recently reached a significant technical milestone by recording a record high of 1 TPS (transactions per second) in a stress test. While this metric is impressive, it is partially influenced by noop calls (empty transactions that perform no function), meaning it may not fully represent the true performance of the network. A notable aspect of current network activity is the dominance of memecoins. These cryptocurrencies, often viewed as less serious projects, account for a significant 62% share of the Total Value Locked (TVL) on...
Solana achieves record 1 TPS in stress test – memecoins dominate with 62% of network activity
Solana reaches record levels in stress test and memecoins take over the network
Blockchain platform Solana recently achieved a significant technical milestone by recording a record 1 TPS (transactions per second) in a stress test. While this metric is impressive, it is partially influenced by noop calls (empty transactions that perform no function), meaning it may not fully represent the true performance of the network.
A notable aspect of current network activity is the dominance of memecoins. These cryptocurrencies, which are often viewed as less serious projects, account for a significant 62% share of the total value locked (TVL) on the platform. This suggests that memecoins are currently having a significant impact on the usage and growth of the Solana network.
The developments at Solana raise important questions about the future application of memecoins and their sustainability in the crypto market. With increasing activity in this area, it remains to be seen how the network will continue to develop and what challenges and opportunities arise in the dynamic world of cryptocurrencies.