Solana said data released by the network shows it processed 5 billion transactions in August, a figure it said exceeded the combined total of all other blockchain networks. Based on the disclosed numbers, that works out to more than 100,000 transactions per minute. The network also said its transaction fees remained far below those of other public chains during the period.
The update also included a timeline for Alpenglow, an upgrade aimed at sharply improving confirmation speed. According to the disclosure, Alpenglow is expected to launch in October this year and could reduce transaction confirmation time from about 12 seconds to 400 milliseconds. The figures were cited by ChainCatcher in a 7x24 news brief.
Solana said data disclosed by the network shows it processed 5 billion transactions in August, exceeding the combined total of all other blockchain networks, according to ChainCatcher.
On that basis, the network said it handled more than 100,000 transactions per minute during the month while keeping transaction fees far below those of other public blockchains.
Solana also said the Alpenglow upgrade, which is designed to significantly improve network confirmation speed, is expected to start in October this year. The upgrade could cut transaction confirmation time from about 12 seconds to 400 milliseconds.
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