Solana has made headlines by achieving a peak transaction throughput (TPS) of 107,540 on its mainnet during a recent stress test. Besides this tech achievement, the platform recently launched its first proper blockchain hub in Dubai. This addition further solidifies its presence within the global blockchain community and Middle Eastern Web3 economy.
Record 107,540 Transactions Per Second
The network reached a short-lived 107,540 transactions per second in a high-load test, according to on-chain stats. The fast pace of TPS surpasses Visa’s highest of 65,000 TPS and surpasses enormous blockchains like Ethereum and Bitcoin.
However, elevated TPS has been achieved with “no-op” transactions that don’t modify blockchain state or perform complex computation. User transaction real-world throughput is approximately 1,000 TPS, observed by blockchain explorers like Solscan and Chainspect analysis. Still, the performance is incomparable to the majority of competitors, in which Ethereum is approximately 20 TPS.
The stress test outcome reveals Solana‘s performance under ideal conditions but also reveals ongoing problems with actual use and finality of transactions.
Solana City: Blockchain-Focused Hub in Dubai
Meanwhile, Solana launched Solana City Dubai, which is an upscale coworking facility meant to be housing the best blockchain teams. The building, according to reports, has over 52,000 square feet of area and 36 dedicated desks for Web3 geniuses and blockchains developers.
There are eleven top-performing ecosystem squads residing in the hub, with frictionless collaboration and innovation being promoted. Admission is gated through a “proof of contribution” mechanism with incentives going to contributing and active members on the platform’s global Superteam. Guest passes are provided through team invitations with hosting fees paid by the inviting squad.
Solana City will be an East-West gateway blockchain market portal. It will feature workshops, networking, and co-working sessions for driving the growth of the ecosystem in the Middle East.
Impact on Solana’s Market and Ecosystem
The announcements are made during a surge in institutional demand, with nine companies queuing to be cleared to list Solana spot ETFs. The Dubai hub is a testament to Solana’s role in developing community linkages and talent from across the globe.
Despite prevailing price volatility, Solana has strong market capitalization and 540 million circulating coins. Better TPS capability of the network and physical proximity to Dubai make it perfect for long-term development and advancement.
