Solana’s recent memecoin surge serves as a real-time stress test of its underlying performance. Network data shows transaction throughput has remained robust between roughly 2,000 and 5,000 TPS, even during high-activity periods, signaling resilience. This speculative activity is also converting into significant economic value, with Solana generating approximately $145 million in application revenue over 30 days.
The current memecoin-driven activity surge on Solana provides a stress test of the network’s scalability and throughput resilience. Despite speculative waves, the network’s transaction per second (TPS) figures have remained stable, consistently ranging between roughly 2,000 and 5,000 since 2023. This consistency indicates production-grade scalability rather than episodic performance.
Spikes tied to speculative surges did not trigger lasting network degradation. Data from Token Terminal shows throughput normalized quickly, signaling resilience under real demand. Weekly averages show Solana captures approximately 40% of L1 transaction throughput, placing it second only to Internet Computer (ICP).
In contrast, peers like TRON (TRX), BNB Chain, and Ethereum (ETH) typically operate below 150 TPS. Solana’s edge stems from parallelized execution, low fees, and optimized networking. As a result, high activity becomes additive, not destabilizing.
Memecoin activity has been accelerating again, with daily token deployments climbing above 40,000, marking an 11-month high. This resurgence aligned with sustained transaction throughput near 3,000–5,000 TPS, even during peak launch periods. High-volume token creation does not degrade network performance.
Speculative activity is converting into measurable economic value rather than transient volume. Over the past 30 days, Decentralized Exchange (DEX) volume on Solana exceeded $110 billion, more than double Ethereum’s $47 billion according to DeFiLlama. Echoing this, application revenue followed, with Solana generating roughly $145 million in the same window, outpacing peers like Hyperliquid (HYPE) and Base.
