Solana's Daily Transactions Outpace US Stock Exchanges by 92%, Bitwise Reports

New York, NY – Cryptocurrency asset manager Bitwise recently highlighted a stark comparison in transaction volumes, revealing that the Solana blockchain processes significantly more daily transactions than all U.S. stock exchanges combined. According to a tweet from Bitwise, Solana averages 98 million transactions per day, a figure that stands in sharp contrast to the 51 million average daily transactions reported across U.S. stock exchanges. This data point underscores the high throughput and active usage within the Solana ecosystem.

The transaction count on the Solana network includes both vote and non-vote transactions. While vote transactions are essential for network consensus, non-vote transactions are typically considered a more direct indicator of user and application activity, encompassing token transfers, decentralized exchange (DEX) trades, and NFT minting. In Q4 2024, Solana's average daily non-vote transactions reached 81.5 million, reflecting substantial economic activity and user engagement on the platform.

In comparison, U.S. stock exchanges manage a considerable volume of trades. For instance, Nasdaq alone reported over 55.9 million total trades on September 24, 2025. The 51 million figure cited by Bitwise likely represents an aggregate average of individual trade executions across major U.S. equity markets, including the NYSE and Nasdaq. These transactions involve the buying and selling of securities, distinct in nature from blockchain operations.

Bitwise, a prominent firm in the digital asset investment space, frequently provides research and analysis to bridge the understanding between traditional finance and the evolving cryptocurrency market. Their comparisons aim to contextualize the scale and operational capabilities of blockchain networks within broader financial industry metrics. Such analyses help illustrate the growing operational footprint of blockchain technology.

The substantial transaction volume on Solana, particularly its non-vote activity, demonstrates its capacity as a scalable platform for decentralized applications and digital asset interactions. While the underlying mechanisms and types of "transactions" differ between a blockchain network and conventional stock exchanges, the data from Bitwise highlights Solana's robust and high-frequency operational environment.