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The Most Epic Stress Test in History: Did Solana Actually Survive?

The Most Epic Stress Test in History: Did Solana Actually Survive?

BlockBeatsBlockBeats2025/01/20 10:17
By:BlockBeats

Solana co-founder remarked on the overall network transaction volume data, saying, "This is a historical all-time high that any blockchain has never seen before."

Original Article Title: "The Strongest Stress Test in History, Did Solana Come Through?"
Original Article Author: Azuma, Odaily Planet Daily


The back-to-back coin issuance by Trump and Melania has brought an unprecedented trading feast to the Crypto market, and also allowed the Solana network to undergo its largest and most powerful stress test in a real-world environment since its launch.


Since the launch and explosion of TRUMP and MELANIA, Solana has become the battlefield of hot money in the entire market. Countless users and funds have poured in crazily, causing the Solana network and its transaction-related infrastructure such as wallets, DEXs, and Bots to bear tremendous traffic pressure. Multiple projects, including Jupiter, have issued statements explaining that "all our systems are currently under extreme load."


Under heavy pressure, the congestion and failure of on-chain transactions on Solana have also increased significantly, and multiple users have reported transaction blocks on Solana today.


However, unlike the few times in the past two years when Solana was mocked after experiencing congestion or even downtime, the voices mocking Solana this time are much quieter. Because everyone knows how terrifying the stress test Solana went through this time was— it is no exaggeration to say that no blockchain has ever experienced such a level of real transaction activity under real-world conditions.


Several key data points can clearly reflect what Solana has experienced in these two days.


· As the preferred buy-in channel for non-industry users, Moonshot has topped the list of the most popular financial apps on the US Apple App Store. Yesterday morning, Moonshot revealed that the platform's 12-hour trading volume reached $4 billion, and more than 400,000 new users have joined the Solana ecosystem through its app; this afternoon, Moonshot updated the data again, stating that the daily active users have exceeded 1 million.


· On January 18, the total trading volume of Solana's DEX reached $28.2 billion, setting a new record high; just one day later, on January 19, this number rose to $39.2 billion, once again significantly surpassing the previous high.


The Most Epic Stress Test in History: Did Solana Actually Survive? image 0


· On January 19, the "real economic activity" metric (REV) of the Solana network, mainly referring to total transaction fees consumed, hit a record high of $56.5 million, more than twice the previous high in November.


The Most Epic Stress Test in History: Did Solana Actually Survive? image 1


· In the afternoon today after Phantom resumed service, the wallet disclosed that users had collectively conducted 10 million transactions today, completing over $1.25 billion in transaction volume through the wallet's Swap feature.


Solana co-founder raj summarized the entire network transaction volume data in just one sentence, but it was enough to say it all—"This is a historical peak never seen before on any blockchain."


The Most Epic Stress Test in History: Did Solana Actually Survive? image 2


Facing such a large-scale ultimate stress test, it is difficult to guarantee which blockchain can smoothly pass.


Ethereum? Don't be ridiculous.


Layer 2? It even struggled a bit when faced with popular airdrops.


Move system? Maybe, but the ecosystem scale is ultimately limited, lacking evidence.


Not to mention those ghost chains that claim to have extremely high TPS but no one uses.


While Solana's performance may not be perfect, it has ultimately passed the test.


Trump's dramatic performance brought unprecedented attention to Solana, propelling SOL to break through the $260 barrier that had hindered the token from continuing its upward trend twice in four years.


Looking ahead, in the Meme new normal environment, Solana is bound to welcome more new traffic, users, and buying demand; all parties in the network and protocol will inevitably be more targeted in optimization and iteration after this stress test experience; despite being heavily drained in the short term, cutting-edge innovations such as AI on the Solana ecosystem are still ongoing; Multicoin Capital is also advancing a more flexible SOL issuance mechanism to reduce the inflation rate...


Even at the midpoint of the bull market, Solana's fundamental positive trend and imaginative space seem unscathed.


Instead of continuing to seek Alpha in the intricate relationships of the Trump family, it is better to grasp the largest Beta in front.


Original Article Link

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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