Validators process transactions and receive fees from users (supply-side fees).

Solana is a smart contract platform for decentralized applications (a blockchain). Solana was founded by Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal, etc. and launched in 2020.

SOL holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Solana’s investors include Polychain Capital, ParaFi capital, Passport capital, etc.

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Blockchains (L1)

Solana

# Solana Transactions per second Methodology

## 1. Overview

Transactions per second measures the average number of confirmed transactions processed by the Solana network during each one-second interval. This metric is used to evaluate the network’s real-time throughput and overall usage intensity. By normalizing total transaction volume over time, a standardized view of the blockchain's capacity and activity levels is provided.

## 2. Data sources

- **Blockchain events**: Block metadata from the `blocks` table, covering Solana
- **External data**: Temporal constants for daily time intervals

## 3. Step-by-step calculation

### Component A: Transaction count extraction

- **Purpose**: To identify the total volume of transactions included in each block.
- **Logic**: The `total_transaction_count` field is extracted from confirmed block headers. This count represents the total number of transactions, including those containing multiple programs and instructions, that have reached finality on the network.
- **Key fields**: `block_timestamp` and `total_transaction_count`.

### Component B: Daily volume aggregation

- **Purpose**: To consolidate individual block data into standard daily timeframes.
- **Logic**: Block-level transaction counts are aggregated by truncating the block timestamps to the nearest day. A sum of all transaction counts is then calculated for each UTC calendar day to establish a total daily transaction volume.
- **Key fields**: `daily_timestamp` and `transaction_count`.

### Component C: Throughput normalization

- **Purpose**: To convert the total daily transaction volume into a per-second throughput rate.
- **Logic**: The total transaction count for each day is divided by the total number of seconds in a day (86,400). This calculation produces the average transactions per second (TPS) for the network over the specified period.
- **Key fields**: `transaction_count` and `transactions_per_second`.

_This methodology was automatically generated by Token Terminal's methodology analyzer._

Average confirmed user transactions added per second.

SolanaSOL

Transactions per second

Transactions per second

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