Data: The number of daily active validators on Solana has dropped below 800, a decrease of over 65% from the peak in 2023

According to The Block, the number of daily active validators on Solana has fallen below 800, reaching levels not seen since 2021.

This data represents a decline of over 65% from the peak of approximately 2,500 validators at the beginning of 2023. The volume of validator voting transactions has decreased from about 300,000 per day to 170,000, a drop of 40%. The main reason for the loss of validators is the change in economic incentives, including the gradual reduction of voting cost support provided by the Solana Foundation Delegation Program and the staking matching policy over time.

Despite the contraction in the number of validators, non-voting transaction volumes, such as user-initiated DApp interactions and token transfers, remain stable at around 100,000,000 transactions per day.