According to a developer, Solana experienced high-load program call transactions over the weekend, with throughput briefly surging to six figures.
Mumtaz, co-founder of Helius, stated on Sunday that Solana became the first major blockchain to record 100,000 TPS on the mainnet.
He said that one Solana block recorded 43,016 successful transactions and 50 failed transactions on Sunday night, reaching a total TPS of 107,540.
However, most transactions are not token swaps or trades but rather no-operation (noop) program calls, which do not execute meaningful computations.
Solana transactions must contain at least one instruction, and for transactions that do not require operations, noop programs fulfill this requirement. These lightweight calls test network capacity but do not represent everyday payments or complex application usage.
Mumtaz mentioned that even so, developers can theoretically speculate on achieving around 80-100 thousand transactions per second for operations such as transfers and oracle updates.
Solana's actual TPS is far below the peak.
Solana's actual throughput is far lower than the peaks caused by no-operation calls.
According to Solscan, the current total TPS is approximately 3,700, of which about two-thirds are voting transactions, exaggerating the true network TPS.
In reality, according to data from Solscan and Chainspect, Solana's actual TPS is around 1,050.
Memecoins still dominate.
Most of Solana's activity comes from memecoins. According to Solscan, the most popular platform on the network is the memecoin minting and trading platform Pump.fun, which holds 62% of the total locked value.
The value of Solana's decentralized finance applications has risen in recent months, approaching its historical high from January.
Solana's token SOL fell over the weekend as the crypto market cooled, retreating from last week's high.
