Solana processes 40% of L1 throughput amid memecoin boom – Explained

Solana’s present memecoin-driven exercise surge seems to be pushed by speculative extra on the floor. But beneath it lies a real-time stress take a look at of the community’s scalability, payment dynamics, and throughput resilience.

The community’s transaction throughput highlights production-grade scalability reasonably than episodic efficiency.

Since 2023, TPS has constantly ranged between roughly 2,000 and 5,000, with the newest studying close to 3,200, even throughout memecoin launch waves.

Supply: Token Terminal

Importantly, spikes tied to speculative surges didn’t set off lasting degradation. As a substitute, throughput normalized shortly, signaling resilience beneath actual demand.

Over time, TPS recovered from mid-2024 lows close to 2,000 and scaled once more into 2025, reflecting ecosystem development reasonably than one-off stress occasions.

This consistency issues. Weekly averages present Solana [SOL] capturing roughly 40% of L1 transaction throughput, second solely to the Web Laptop [ICP] at roughly 4,100 TPS.

Supply: TokenTerminal

In distinction, friends like TRON [TRX], BNB Chain, and Ethereum [ETH] function orders of magnitude decrease, usually beneath 150 TPS.

Solana’s edge stems from parallelized execution, low charges, and optimized networking.

Because of this, excessive exercise turns into additive, not destabilizing. Low degradation beneath stress, subsequently, confirms manufacturing readiness, not laboratory benchmarks in dwell environments.

The memecoin comeback

Memecoin activity on Solana has been accelerating once more, with Every day Token Deployments climbing above 40,000, marking an 11-month excessive.

Importantly, this resurgence aligned with sustained transaction throughput close to 3,000–5,000 TPS, even throughout peak launch intervals.

Because of this, high-volume token creation doesn’t degrade community efficiency.

Supply: X

As a substitute, constant TPS allows fast launches, frequent buying and selling, and steady experimentation.

Over current months, Deployment Counts trended larger alongside secure execution, confirming scalability beneath actual demand.

Furthermore, launchpad variety has expanded reasonably than concentrated, signaling broad participation. Excessive TPS lowers friction, attracts speculative exercise, and reinforces Solana’s position as the popular execution layer for memecoin cycles.

Hypothesis converts into income, not simply quantity

Speculative exercise on Solana has been changing into measurable financial worth reasonably than transient quantity.

Over the previous 30 days, DEX Volume exceeded $110 billion within the final 30 days, greater than double Ethereum’s $47 billion, signaling sustained buying and selling depth.

Supply: DeFiLlama

Echoing this, utility income adopted. Solana generated roughly $145 million in App Revenue over the identical window, outpacing friends and validating payment seize.

Supply: DeFiLlama

Importantly, this income emerged throughout a memecoin-driven cycle, not a lull. In the meantime, Hyperliquid [HYPE] and Base trailed meaningfully, regardless of sturdy niches.

As exercise scales, base and precedence charges compound with MEV extraction, reinforcing monetization. Due to this fact, throughput just isn’t hole. Utilization pays, confirming sustainability at scale.

Ultimate Ideas

• Memecoin-driven hypothesis on Solana doubles as a dwell stress take a look at, proving the community sustains excessive throughput with out degradation whereas scaling actual utilization.
• Crucially, elevated exercise converts into income, exhibiting Solana’s throughput benefit interprets into sturdy financial worth, not hole quantity.