Original | Odaily Planet Daily ( @OdailyChina )
Author: Azuma ( @azuma_eth )
The successive issuance of coins by Trump and Melania brought an unprecedented trading feast to the Crypto market, and also allowed the Solana network to undergo the largest and most explosive round of stress testing since its launch in a real-world environment.
Since the launch of TRUMP and MELANIA, Solana has become a hot money game in the entire market. Countless users and funds have poured in, causing the Solana network and its wallets, DEX, Bot and other transaction-related infrastructure to bear huge traffic pressure. Many projects including Jupiter have issued articles explaining that all our systems are now under extreme load.
Under the heavy pressure, the jams and failures of transactions on the Solana chain have also increased significantly. Many users have reported today that transactions on Solana have been blocked.
However, unlike the few times in the past two years when Solana was ridiculed after freezing or even crashing, the voices mocking Solana this time were significantly smaller, because everyone knew how terrible the stress test Solana experienced this time was - it is no exaggeration to say that no blockchain has ever carried such a large amount of real transaction activities under actual combat conditions.
The following data can intuitively reflect what Solana has experienced in the past two days.
As the preferred purchase channel for non-industry users, Moonshot has become the most popular financial application on the Apple App Store in the United States. Yesterday morning, Moonshot disclosed that the platforms 12-hour trading volume reached US$400 million, and more than 400,000 new users have joined the Solana ecosystem through its application; this afternoon, Moonshot updated the data again, indicating that the number of daily active users has exceeded 1 million.
On January 18, the total transaction volume of Solanas entire DEX network reached US$28.2 billion, a record high; just one day later, on January 19, the figure rose to US$39.2 billion, once again significantly breaking the previous high.
On January 19, the Solana network’s “real economic activity” metric (REV, which mainly refers to total transaction fee consumption) hit an all-time high of $56.5 million, more than double the previous high in November.
After resuming service this afternoon, Phantom disclosed that the wallet users conducted a total of 10 million transactions today, completing a transaction volume of more than US$1.25 billion through the Swap function in the wallet.
Solana co-founder Raj only used a short sentence to evaluate the transaction volume data of the entire network, but it was enough to explain everything - This is the highest level ever seen by any blockchain.
In the face of an ultimate stress test of this scale, it is difficult to guarantee that any blockchain can pass it smoothly.
Ethereum? Don’t be funny.
Layer 2? They all seem to be struggling when facing popular airdrops.
Move? Maybe, but the ecosystem lacks evidence.
Not to mention those ghost chains that claim to have extremely high TPS but are completely unused.
Although Solanas performance was not perfect, it finally passed the test.
Trumps drama brought Solana unimaginable attention, helping SOL to break through the $260 mark that had hindered the tokens continued upward movement twice in four years.
Looking ahead, Solana will inevitably usher in more new traffic, users, and buying demand under the new normal environment of Meme; the network and protocol parties will inevitably optimize and iterate more targetedly after the experience of this stress test; although the short-term bloodsucking is serious, the cutting-edge innovations such as AI in the Solana ecosystem are still continuing; Multicoin Capital is promoting a more flexible SOL issuance mechanism to reduce the inflation rate...
Even in the mid-stage of the bull market, Solanas positive fundamental trend and room for imagination seem to have not been diminished.
Instead of continuing to look for Alpha among the complicated relationships within the Trump family, it is better to grasp the biggest Beta in front of you.
