Solana Processes More Transactions Than Every Other Major Chain Combined

Dune Analytics data shared by Solana Payments shows Solana processing 105.3 million daily transactions as of February 19, 2026, while BNB Chain, Base, Tron, Polygon, and Ethereum each register at effectively zero million on the same scale.

What the Chart Shows

The Dune chart covers August 20, 2025 through late January 2026, tracking daily transaction counts across six major chains. The purple Solana line dominates the entire chart from left to right without exception. Every other chain, BNB Chain in yellow, Base in blue, Tron in red, Polygon in pink, and Ethereum in light blue, sits so far below Solana’s daily count that they are visually indistinguishable from zero at the chart’s scale.

Solana’s daily transaction count through August and September 2025 oscillated between approximately 70 million and 95 million, with significant day-to-day volatility but a consistent floor well above anything any competing chain was producing. Through October and November the baseline remained in the same range. From December 2025 onward, the trend line began climbing, reaching a peak near 165 to 170 million daily transactions in late January 2026 before pulling back toward the 105 million reading annotated for February 19.

BNB Chain produced the most notable competing activity in the dataset, with a spike toward approximately 35 million daily transactions visible around October 2025 before declining back toward its baseline near 10 million. That spike is the largest reading for any non-Solana chain across the entire chart period. Against Solana’s 70 to 170 million range, it registers as a distant second at best.

What Transaction Count Measures and What It Does Not

Transaction volume at this scale is a measure of network utilization and demand for block space, not economic value or fee revenue. Solana’s high transaction count reflects its architecture, low fees that make microtransactions economically viable, high throughput capacity, and the concentration of consumer-facing applications including meme coin trading, gaming activity, and payment infrastructure on the network.

That same architecture explains why Solana generated approximately $500,000 in 24-hour fee revenue on March 20, as covered in the Artemis fee chart reported yesterday, while Hyperliquid generated over $2 million despite processing a fraction of Solana’s transaction count. Fee revenue per transaction on Solana is extremely low by design. The network optimizes for volume and accessibility rather than fee extraction from each interaction.

Ethereum’s near-zero reading on this chart requires the same context. Ethereum’s base layer processes far fewer transactions than Solana because most Ethereum activity has migrated to Layer 2 networks including Arbitrum, Base, and Optimism. Those Layer 2 transactions are not captured in the Ethereum base layer count. If the chart included Ethereum’s Layer 2 ecosystem, the comparison would look different. What the chart measures is base layer activity specifically, and on that metric Solana’s dominance is not contested.

The Cost Dimension

Solana Payments’ framing adds the cost element to the transaction count comparison. Processing 105 million daily transactions at a fraction of the cost of competing chains is the payment infrastructure argument for Solana’s design choices. A chain where sending $5 costs less than a cent and settles in under a second is a different product from one where the same transaction costs $2 and takes minutes, even if the more expensive chain carries more economic weight per transaction.

That trade-off between throughput and fee revenue is the central tension in how different chains position themselves. Solana chose throughput and accessibility. Ethereum chose security and composability with fee scaling handled at Layer 2. Hyperliquid chose specialized derivatives infrastructure with high per-transaction value. The Dune chart reflects one dimension of that competition. It is the dimension where Solana wins by the widest possible margin.

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