Solana Achieves Record 14.2 Billion Non-Voting Transactions in Q3
Written with artificial intelligence.
In the third quarter, Solana (SOL) recorded 14.2 billion non-voting transactions, marking the highest quarterly total to date. This figure represents a 45% increase from the previous quarter, as reported by PANews citing Blockworks data.
Record Non-Voting Transactions
Solana (SOL) has set a new record by processing 14.2 billion non-voting transactions in the third quarter of 2023. This figure is a significant 45% increase compared to the previous quarter, indicating a growing level of activity on the network.
Non-voting transactions refer to network transactions that exclude consensus votes from validators. These transactions serve as a closer indicator of user and application activity. However, it is important to note that the number of transactions alone does not determine transaction success or user growth.
In addition to this quarterly record, Solana has also recently achieved its highest weekly non-voting transaction count, further demonstrating the network's increasing usage and engagement.