The number of daily active validators on Solana drops below 800, down more than 65% from its 2023 peak
ChainCatcher reported that the number of daily active validators on Solana has dropped below 800, returning to 2021 levels. This figure represents a decline of more than 65% from the peak of approximately 2,500 validators at the beginning of 2023. Validator voting transaction volume has decreased from about 300,000 transactions per day to 170,000, a drop of 40%. The main reason for the loss of validators is changes in economic incentives, including the gradual reduction over time of voting cost support and staking matching policies provided by the Solana Foundation Delegation Program.
Despite the contraction in validator numbers, non-voting transaction volume, such as DApp interactions and token transfers initiated by users, has remained stable at about 100 millions transactions per day.
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