Solana Network Health Report: 16 Consecutive Months Without Downtime, Developer Rise of 83%

The Solana network continues to improve and thrive. This report summarizes the recent significant achievements of the network:

• The network has maintained 100% uptime for 16 consecutive months.
• Released a new validator client Frankendancer
• 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 and a significant rise in REV.
• The degree of decentralization remains stable and is at the forefront of the industry.

Solana continues to maintain a leading position in network performance and validator health.

Network Performance

Solana network performs excellently:

• 100% uptime for 16 consecutive months
• Replay time has significantly improved, no longer a bottleneck
• The computation unit (CU) limit is raised to 50 million, and is about to increase to 60 million.
• Successfully processed during the peak period in January 2025:
  • Continuous days of single-day transactions exceeding 200 million.
  • Wallet downloads exceeded 400,000 times
  • Liquidity inflow exceeds 200 million USD
  • DEX daily trading volume reached 39 billion USD

Application Revenue

Solana application revenue has been continuously rising since the third quarter of 2023, exceeding $1 billion each quarter for the past two quarters, positioning itself as an industry leader.

Development Tools

In the past year, several powerful tools have been launched, such as Pinocchio, Surfpool, Solana proof services, and Token extensions, making it easier for developers to create programs that fully utilize Solana's capabilities.

Developer rise

Solana is the blockchain ecosystem with the highest number of new developers joining in 2024, with over 7,600 new developers and more than 3,200 monthly active developers, a year-on-year rise of 83%.

Validator Health

• There are currently two main validator clients: Agave(92%) and Firedancer(7%)
• The total number of consensus nodes is 1295, still maintaining a high level.
• The voting rights Nakamoto coefficient is 20, meaning that at least 20 validators must collude to audit the network.
• Validators are active in 40 countries, with Germany, the United States, and the Netherlands leading.
• Validator profitability increases, breakeven staking amount decreases to 16,000 SOL

Future Outlook

• Alpenglow Consensus Algorithm Update
• Possible implementation of the confiscation mechanism
• DoubleZero Network Launch
• The limit on computing units has been further increased.
• More performance and reliability improvements

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