Solana Network Health Report: Stable operation for 16 consecutive months, significant rise in developers

The Solana network continues to develop, improve, and thrive. This report consolidates the previous two reports and provides updates on the entire network and ecosystem.

Main achievements include:

• The network has maintained 100% normal operation for 16 consecutive months, including during the high load period in January 2025.

• Released a new type of validator client called Frankendancer built by the Firedancer team.

• Set a record for the highest voting participation rate in blockchain history, with nearly 75% of staked SOL participating in the SIMD-228 vote.

• The economic situation of validators has improved, including an increase in block rewards, a significant rise in REV, and 100% of priority fees allocated to validators.

• The decentralization of Solana remains stable and is at an industry-leading level.

Network Performance

Solana network performance is on the rise:

• Has maintained 100% uptime for 16 consecutive months.

• The replay time has significantly improved, consistently staying below 400 milliseconds.

• The computing unit (CU) limit has been increased to 50 million, and is about to rise to 60 million.

• During the high load period in January 2025, Solana set multiple records:

  • Continuous days of daily trading exceeding 200 million transactions
  • New wallet downloads exceed 400,000 times
  • Liquidity inflow exceeds 200 million USD
  • DEX daily trading volume reached 39 billion USD

Application Revenue

Solana application revenue has continued to rise since the third quarter of 2023. Over the past two quarters, application revenue has exceeded $1 billion, leading the industry.

Development Tools

In the past year, multiple powerful tools have been released, including:

• Pinocchio: A zero-dependency library for creating Solana programs
• Surfpool: Fast mainnet simulator
• Solana Proof Service: Used to associate off-chain data with on-chain accounts
• Token Expansion: Provides advanced configurable features
• Blinks: Interface to convert Solana operations into shareable links

Developer rise

Solana is the blockchain ecosystem with the most new developers joining in 2024:

• Over 7600 new developers added
• Monthly active developers exceeded 3,200, with a year-on-year rise of 83%

Validator Health

• Currently, there are two main validator clients: Agave( accounts for 92% of the staked amount) and Firedancer( accounts for 7%).
• The total number of consensus nodes is 1295.
• The voting权 Nakamoto coefficient is 20, which is at the leading level in the industry.
• Validators are spread across 40 countries, with Germany, the United States, and the Netherlands leading.
• The economic situation of validators has significantly improved, with the breakeven staking amount dropping to 16,000 SOL.

Looking to the Future

Changes to look forward to in the future include:

• Alpenglow Consensus Algorithm Update
• Possible implementation of confiscation mechanism
• DoubleZero High-Performance Network
• The calculation unit limit has been further increased.
• Direct mapping technology implementation
• Continuously monitor the improvement of network speed and reliability

The Solana network has continued to rise, improve, and thrive over the past year, and is expected to achieve more accomplishments in the future.