The network proves its strength by processing transactions efficiently.
Solana’s recent achievement reinforces this. With the Alpenglow upgrade, Solana reduced the final duration to 100-150 milliseconds, allowing the network to confirm transactions instantly and get closer to Web2-level responsiveness.
Notably, these improvements actually translate into higher network activity.
As the chart below shows, Solana processed 1 billion non-voting transactions over the past week, the first time the network has exceeded this threshold. This achievement confirms Solana’s ability to maintain high productivity on a large scale.
To put the main event into context, it’s worth comparing Solana (SOL) Execution performance with other L1s.
According to Chainspect, Solana is currently processing approximately 1,500 transactions per second (one-hour average), roughly 41 times the throughput of Ethereum.
The finality also remains significantly lower, with transactions settling in around 12.8 seconds versus 12 minutes and 48 seconds on Ethereum, representing a 98.3% reduction in confirmation time.
Against this backdrop, Solana’s latest milestone of 1 billion voteless transactions reinforces the network’s core execution power and indicates that Alpenglow’s upgrade is already translating into higher on-chain throughput.
However, the market has not yet priced in those network improvements, raising the question of whether Solana’s fundamentals are still undervalued.
After a billion transactions, Solana faces its next test
Solana no longer needs to prove his ability to expand. The next frontier is market efficiency.
As previously mentioned, Solana already leads the L1 scene in terms of throughput, with the recent $1 billion non-voting transaction milestone cementing that in real time. The focus now turns to how efficiently capital moves through the network.
Projects like Jito are building a “market layer” to improve liquidity, transaction execution, and capital efficiency without changing the underlying execution layer.
Gitto echoed this view in a recent post on X, arguing that Solana’s next growth phase will come less from higher productivity and more from a stronger market layer.
The circuit already Shut up Over $64 billion in USDC is on Solana, highlighting the network’s growing role in stablecoin settlement. As liquidity continues to deepen, allocating capital efficiently becomes as important as processing transactions quickly.
At the same time, the conversation is also turning toward Solana’s symbolic economy.
Despite network implementation gains, SOL remains one of the most inflated major Layer 1 assets.
According to on-chain data, Hyperliquid has an annual supply growth rate of 0.14%, while Ethereum has a rate of 0.83%. Meanwhile, Solana remains up at 3.76%. This puts SOL at a relative disadvantage, as token issuance continues to impact its token economies despite improving network fundamentals.
So, while Solana’s milestone of 1 billion voteless transactions bolsters the network’s execution power, its market layer and token economies still lag behind its infrastructure.
How quickly these two areas mature can determine whether SOL evaluation begins to reflect the underlying fundamentals of the network.
Final summary
- Solana surpassed 1 billion non-voting transactions, demonstrating strong network growth and faster execution.
- The next focus is to improve market efficiency and token economy to support the value of SOL in the long term.
