Solana hit 125M daily transactions in late May, cementing its lead over Ethereum and Base as the highest-throughput blockchain network.
SOL price has rebounded from $8 to $141.75 since 2022, fueled by strong network usage and bullish momentum within an ascending channel.
Solana’s unmatched transaction volume and growing adoption reflect its expanding utility compared to slower, security-focused blockchains.
SolanaFloor reported through X that Solana has maintained its position as the top-performing Layer 1 and Layer 2 blockchain for transaction numbers. The Solana network executed its peak daily transaction volume of the past five months during June 25. This achievement establishes Solana as the top on-chain throughput blockchain ahead of Ethereum Base and other prominent chains.
Source: SolanaFloor
Throughout the observed period from March to late May, Solana recorded between 75 million and 125 million daily transactions. Early March saw a slight decline, with volumes dipping to around 75 million. However, the network quickly bounced back with Peak activity occurring toward the end of May, when Solana hit roughly 125 million daily transactions.
Solana Widens the Gap Among Competitors
Other blockchain networks have struggled to keep up. Ethereum, Base, and Sui processed far fewer daily transactions—ranging between 5 million and 15 million. Bitcoin, despite its dominant market cap, rarely exceeded 5 million transactions daily. This reflects its conservative use case as a digital store of value. Additionally, BNB Chain, Arbitrum, and Avalanche maintained moderate activity between 2 million and 10 million transactions daily.
High-throughput networks dominate transactional use, while others focus on security or financial settlement. Moreover, this widening gap highlights the real-world adoption differences across blockchains.
Price Action Confirms Network Strength
The price structure of Solana shows improvement through its transaction metrics. SOL currently holds a price of 141.75 with daily gains reaching 2.4 percent. Since its 2022 bear market low of $8 the token has made a full recovery. The price history shows an explosive rise from $4 in early 2021 to $255 during the 2021 bull run.
Source: Cryptollica
Following a steep correction, Solana consolidated and eventually began its rebound in late 2023. The price broke through key resistance levels, hitting $117 by early 2024. Currently, SOL trades within an ascending channel, with potential targets at $340 and even $1000.
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