On August 15, Solana announced that the daily transaction volume on its network has surpassed the total transactions of all regional stock exchanges and is approaching the level of NASDAQ. With a rate of about 400 transactions per second, Solana stated that they are close to catching up with NASDAQ's weekly transaction volume and daily peak.
A new website has also been launched to track the 'flippening' between Solana and NASDAQ, comparing detailed metrics on transactions. This move underscores Solana's ambition to become a direct competitor to traditional financial markets, amid ongoing discussions in the cryptocurrency community about the scalability of blockchain and performance compared to Ethereum.