The strongest stress test in history, Solana has indeed withstood it
The co-founder of Solana stated when evaluating the network's transaction volume data, "This is a historical high level that no blockchain has ever seen."Author: Azuma, Odaily Planet Daily
The consecutive token launches by Trump and Melania have brought an unprecedented trading feast to the Crypto market, and have subjected the Solana network to the largest and most intense stress test since its launch in a real-world environment.
Since the launch and explosion of TRUMP and MELANIA, Solana has become the battleground for hot money across the market. Countless users and funds have poured in, causing significant traffic pressure on the Solana network and its trading-related infrastructure, including wallets, DEX, and Bots. Multiple projects, including Jupiter, have issued statements explaining that "all of our systems are currently under extreme load."
Under this immense pressure, the instances of transaction delays and failures on the Solana chain have also significantly increased, with several users reporting today that their transactions on Solana were obstructed.
However, unlike the ridicule Solana faced after a few instances of delays or outages over the past two years, the voices mocking Solana this time are noticeably fewer. Because everyone knows how terrifying the stress test Solana has undergone this time is------ it is no exaggeration to say that no blockchain has ever carried such a magnitude of real trading activity under practical conditions.
The following data can intuitively reflect what Solana has experienced in the past two days.
As the preferred buying channel for non-industry users, Moonshot has topped the list of the most popular financial applications on the US Apple App Store. Yesterday morning, Moonshot revealed that the platform's trading volume reached $400 million in 12 hours, and over 400,000 new users have joined the Solana ecosystem through its app; this afternoon, Moonshot updated its data again, stating that daily active users have exceeded 1 million.
On January 18, the total trading volume of DEX across the Solana network reached $28.2 billion, setting a new historical high; just one day later, on January 19, this figure rose to $39.2 billion, once again significantly breaking the previous high.
- On January 19, the "Real Economic Activity" indicator (REV, mainly referring to total transaction fee consumption) on the Solana network reached a historical high of $56.5 million, more than double the previous high in November.
- Phantom disclosed this afternoon after resuming services that its wallet users conducted a total of 10 million transactions today, completing over $1.25 billion in trading volume through the wallet's Swap feature.
Raj, co-founder of Solana, summed up the network's trading volume data in just one short sentence, but it was enough to say it all------"This is a historical high level never seen before by any blockchain."
In the face of such an ultimate stress test, it is hard to guarantee that any blockchain can pass smoothly.
Ethereum? Don't be ridiculous.
Layer 2? It struggles even when facing popular airdrops.
Move systems? Perhaps, but the scale of the ecosystem is ultimately limited and lacks empirical evidence.
Not to mention those so-called high TPS chains that no one uses.
Although Solana's performance is not perfect, it has ultimately passed the test.
This grand spectacle by Trump has brought unimaginable attention to Solana, helping SOL break through the $260 barrier that had hindered the token's upward movement twice in the past four years.
Looking ahead, in the new normal of memes, Solana is bound to welcome more new traffic, users, and buying demand; the network and protocol parties will undoubtedly optimize and iterate more purposefully with the experience gained from this stress test; although short-term liquidity is severely drained, cutting-edge innovations like AI in the Solana ecosystem continue; Multicoin Capital is also advancing a more flexible SOL issuance mechanism to reduce inflation…
Even in the middle stage of a bull market, the positive trend and imaginative space presented by Solana's fundamentals seem to remain undiminished.
Instead of continuing to search for Alpha in the intricate relationships of the Trump family, it is better to seize the largest Beta in front of you.
