According to Odaily, data reveals that Solana's on-chain active addresses reached a historic high of 54.33 million in July, marking a significant 151% increase from 21.60 million at the beginning of 2024. Additionally, the number of non-voting transactions on the network peaked at 1.3 billion in July, indicating robust on-chain activity.

The forthcoming Firedancer upgrade is expected to elevate the network's performance to new heights. Developed by Jump Crypto, this alternative client deployment aims to significantly enhance Solana's transaction processing capabilities and overall network resilience. Firedancer could enable Solana to handle millions of transactions per second, far exceeding its current capacity. This upgrade will further solidify Solana's position as a high-performance blockchain.