Solana devs are still pushing the theoretical limits of the blockchain’s capabilities, with this weekend marking a new milestone for Solana at a recorded 100K transactions per second. That makes Solana the first blockchain to achieve this throughput.
Mert Mumtaz, one of the minds behind Solana developer company Helius, was the first to identify the high TPS flow on Sunday.
Mert also points out that the chain can theoretically ‘do about 80-100k tps in transfers, oracle updates, and similar ops.’
This Sunday’s stress test showed that Solana is capable of taking on significantly higher traffic than what we’re seeing now.
That’s great news for memecoin traders worried about the chain’s scalability – don’t be. It’ll remain the premier platform to trade memecoins, which is why projects like Snorter Token ($SNORT) are releasing with Solana-first support.
What Is Solana’s Usual TPS & Why Is 100K a Big Deal?
According to Chainspect, Solana TPS usually maxes out at around 1,100-ish TPS. Although the total TPS usually seems higher than this at around 4.7K, much of this is background noise created by Solana’s validation protocol.
Solana requires validators to vote on transactions to ensure the integrity of the network, meaning that hundreds of validators inflate the TPS for every Solana block submitted.
At the moment, memecoins are still dominating the Solana blockchain. Pump.fun has more total transactions than any other dApp at 73M successful transactions, a $38B transaction volume.
Solana’s ecosystem is also showing a 69% increase in its 24-hour trading volume and many top gainers are hyping up investors.
Let’s say there’s plenty of meat on the bone for upcoming SOL-based projects like Snorter Token ($SNORT), which will launch the fastest trading bot on Solana.
Snorter Token ($SNORT) – Your Telegram-Based Trading Bot for Token Sniping
Snorter Token ($SNORT) is an Ethereum–Solana multichain project that promises the ‘fastest and cheapest’ Telegram trading bot for retail traders.
Tired of whales getting in the game before you even realize a token is out? Snorter Bot has the solution for that – automatic token sniping as soon as the bot sniffs liquidity on DEXs.
The dev team behind it are currently aiming for Solana support on release, with other chains including Ethereum and BNB following soon afterwards.
But Solana takes center stage. It can easily support bot trading activity due to extremely high transaction speeds and low transaction costs. This makes it an ideal way to trade meme coins compared to other blockchains.
That’s why we’re excited for Snorter Token. Holding $SNORT drops the transaction fees from 1.5% down to 0.85%, one of the most competitive rates in the industry.
Snorter token has also been optimized for Solana with a custom RPC infrastructure that enables sub-second swaps, letting you get ahead of the whales and other automated traders.
When it comes to memecoin trading, instant swaps are critical to securing your profit or avoiding losses. Volatility can shift in an instant, and Snorter Token keeps you on top of your game, reacting at a moment’s notice.
Speaking of speed, you’ll have to be quick to get into the Snorter presale at the current price. It’s at $0.1017 for the moment, but given that $SNORT has already raised over $3.2M, that price point won’t stick around for long.
What’s Next for Solana and Snorter Token?
Blockchain developers looking for a highly-scalable network that can handle dApps hungry for high throughput, such as DeFi apps, should definitely check out Solana after record-breaking TPS highs.
That’s why Snorter is potentially poised to take the Solana trading game by storm when it releases. However, you shouldn’t get too hasty. Do your own research before you invest into any coin, including $SNORT, and make sure you only invest what you’re prepared to lose.
Don’t forget to DYOR and remember that this is not financial advice.