Key Takeaways
- • Solana averaged more than 1,400 transactions per second year-to-date, according to Grayscale, well ahead of BNB Chain at under 200 TPS and other networks at around 40 TPS.
- • Transaction costs on Solana have averaged $0.005 this year, with transactions currently considered final in roughly 13 seconds.
- • Grayscale expects finality to fall to about 150 milliseconds after the Alpenglow upgrade scheduled for the following week.
- • Solana processed roughly 25% of all stablecoin transactions over the three months ending September 2026, more than any other blockchain, per Grayscale and Allium data.
Summary
Grayscale Investments published an analysis positioning the Solana blockchain as operating at a scale well beyond other major networks. According to the report, Solana (SOL) has averaged more than 1,400 transactions per second (TPS) year-to-date. BNB Chain, the next largest network in the comparison, averaged less than 200 TPS, while other blockchain networks processed around 40 TPS on average.
The report attributes this throughput to a combination of low cost and fast settlement. Transaction costs on Solana have averaged $0.005 this year, according to Artemis and Grayscale Investments data as of October 13, 2026. Transactions are currently considered final in roughly 13 seconds, per Chainspect. Grayscale notes that the Alpenglow upgrade, scheduled for the following week, should reduce finality to approximately 150 milliseconds, citing Anza.
Grayscale also highlights Solana's position in stablecoin activity. Over the three months ending September 2026, Solana processed about 25% of all stablecoin transactions, more than any other blockchain. These figures, sourced to Allium and Grayscale Investments, are adjusted to exclude bots, high-frequency trading, and certain other distortions. Grayscale argues that these performance characteristics have supported a diverse application ecosystem and broad adoption on the network.
The report attributes this throughput to a combination of low cost and fast settlement. Transaction costs on Solana have averaged $0.005 this year, according to Artemis and Grayscale Investments data as of October 13, 2026. Transactions are currently considered final in roughly 13 seconds, per Chainspect. Grayscale notes that the Alpenglow upgrade, scheduled for the following week, should reduce finality to approximately 150 milliseconds, citing Anza.
Grayscale also highlights Solana's position in stablecoin activity. Over the three months ending September 2026, Solana processed about 25% of all stablecoin transactions, more than any other blockchain. These figures, sourced to Allium and Grayscale Investments, are adjusted to exclude bots, high-frequency trading, and certain other distortions. Grayscale argues that these performance characteristics have supported a diverse application ecosystem and broad adoption on the network.
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