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Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by fallingknife on Wednesday December 28, 2022 @07:26PM (#34167916)
How are there enough transactions on Solana to get to 4500 per second? How is there possibly enough demand on a crypto network to be remotely in the same league as visa? I don't buy it.
Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by wmf on Wednesday December 28, 2022 @07:30PM (#34167959)
Wash trading bots can create as much volume as you want.
Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by TimJRobinson on Wednesday December 28, 2022 @07:57PM (#34168163)
A lot of Solanas throughput is consensus messages between validators.

But finance in general is many orders of magnitude more TPS than visa. Think about high frequency trading of derivatives of all sorts of things, and all the tiny arbitrages that can be done over all the exchanges when fees are cents. Those can easily multiply to thousands of TPS.

Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by nailer on Wednesday December 28, 2022 @08:00PM (#34168192)
That’s literally what Sol was designed to do. Plus taking 20% of all NFT traffic in a year is a huge part of it. Even with consensus messages removed Sol still does more transactions than all the L2s combined.
Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by eddsh1994 on Thursday December 29, 2022 @01:31PM (#34176045)
But why is this the case when their volume is nowhere near that percentage of the L2 chains too? What exactly does the tx count include?
Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by nailer on Thursday December 29, 2022 @08:39PM (#34180653)
Got a reference for volume? Sol had either the most or second most active wallets.