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solana-and-the-rise-of-high-performance-chains
Blog

Why Solana's Concurrent Read-Writes Are a Silent Killer Feature

An analysis of how Solana's explicit state declaration model enables parallel execution at the protocol level, fundamentally changing the economics of high-frequency on-chain applications compared to serial blockchains like Ethereum.

introduction
THE SILENT KILLER

Introduction

Solana's architectural edge isn't raw speed, but the deterministic concurrency that unlocks new application primitives.

Concurrent state access is the core innovation. Unlike serialized execution in EVM chains, Solana's runtime allows transactions to read and write to independent state simultaneously, eliminating artificial bottlenecks for DeFi and gaming.

This enables atomic complexity impossible elsewhere. A single transaction can interact with dozens of liquidity pools on Raydium or Orca, an NFT mint, and a Jito stake pool without hitting nonce or block gas limits.

The killer app is composability at scale. Projects like Kamino Finance and Drift Protocol build hyper-efficient, multi-step strategies that would be prohibitively expensive or impossible on serialized VMs, creating a structural moat for high-frequency on-chain activity.

thesis-statement
THE ARCHITECTURAL EDGE

The Core Argument

Solana's parallel execution model fundamentally redefines blockchain performance by eliminating the single-threaded bottleneck that throttles EVM chains.

Concurrent execution is non-negotiable. Modern applications like Jupiter's DEX aggregator or Drift's perpetuals protocol generate thousands of interdependent transactions; a sequential processor like Ethereum's EVM serializes them, creating artificial congestion and high latency.

Solana's Sealevel runtime reads and writes in parallel. It statically analyzes transactions to identify non-overlapping state (e.g., two unrelated token swaps) and processes them simultaneously, a technique pioneered by Anatoly Yakovenko that mirrors database optimization.

This creates a compounding performance gap. While an EVM rollup like Arbitrum Nitro scales a single core, Solana scales with the number of independent state accounts, making its effective throughput a function of user concurrency, not just chain TPS.

Evidence: The Jito effect. The Jito client's block engine, which reorders transactions for maximal parallelization, demonstrates that real-world performance depends on the scheduler, not just the hardware, a layer of optimization impossible on serial chains.

market-context
THE SILENT KILLER

The Congestion Reality

Solana's parallel execution model, Sealevel, is the definitive architectural advantage that solves blockchain's fundamental scaling bottleneck.

Concurrent state access is the scaling bottleneck. Traditional EVM chains like Ethereum and Arbitrum process transactions sequentially, creating a single-file queue for state updates. This serial execution is the root cause of gas wars and network congestion during peak demand.

Sealevel enables parallel processing. Solana's runtime statically analyzes transactions to identify non-overlapping state dependencies, allowing thousands of transactions to be processed simultaneously. This is the computational equivalent of a multi-lane highway versus a single-lane road.

The proof is in the throughput. Under load, a congested EVM chain like Arbitrum processes ~200 TPS while stalling user transactions. Solana's network, running the same load, sustains thousands of TPS because its validators utilize all available CPU cores.

Real-world entities exploit this. High-frequency DEXs like Jupiter and Drift leverage this concurrency for sub-second arbitrage. This architectural edge is why applications requiring real-time state, like Hivemapper's mapping data, build exclusively on Solana.

THE CORE ARCHITECTURAL DIVIDE

Execution Model Comparison: Serial vs. Parallel

Compares the fundamental transaction processing models of leading blockchains, highlighting the performance and scalability implications of Solana's parallel execution.

Feature / MetricEthereum (Serial)Solana (Parallel)Sui (Parallel)

Execution Model

Single-threaded, sequential

Multi-threaded, concurrent

Multi-threaded, object-centric

State Access Model

Global state, all TXs conflict

Declared state, non-conflicting TXs proceed

Owned/Mutable objects, no shared write locks

Theoretical Peak TPS

~30-50 (on L1)

~65,000 (theoretical)

~297,000 (theoretical)

Real-World Sustained TPS

~12-15 (L1)

~2,000-5,000 (observed)

~30,000 (observed, simple payments)

Average Time to Finality

~12 minutes (L1)

< 2 seconds

< 1 second

Developer Overhead for Speed

None (handled by EVM)

Must declare read/write sets

Must structure around objects

Dominant Bottleneck

Single execution thread

Network bandwidth, block propagation

CPU core count, memory

Key Enabling Tech

EVM, Merkle Patricia Tries

Sealevel runtime, Cloudbreak state

Narwhal-Bullshark consensus, Move VM

deep-dive
THE CONCURRENCY ENGINE

Mechanics of the Silent Killer

Solana's parallelized state access model eliminates the primary bottleneck of sequential blockchains, enabling a new class of high-throughput applications.

Seastar architecture enables parallel execution. Solana's runtime treats the state as a set of independent accounts, allowing transactions that don't conflict to be processed simultaneously. This is the core difference from Ethereum's single-threaded EVM, which processes all transactions in a global queue.

Local Fee Markets prevent congestion collapse. Unlike Ethereum's global gas auction, Solana's fee prioritization occurs per state account. A congested NFT mint on Metaplex does not raise fees for a Jupiter swap, creating isolated economic zones.

Deterministic parallelism requires upfront declaration. Transactions must list all accounts they intend to read or write. This allows the scheduler to map non-overlapping transactions to different threads instantly, a system pioneered by Agnostic Ordering.

Evidence: The Firedancer client demonstrates the scaling ceiling. During a 2023 test, it processed 1.2 million TPS in a controlled environment by maximizing core utilization, a feat impossible on sequential architectures.

case-study
CONCURRENCY IN ACTION

Real-World Impact: Use Cases Unleashed

Solana's parallel execution isn't just a benchmark stat; it's the architectural bedrock enabling new economic models and killing legacy bottlenecks.

01

The Problem: DEXs as Congested Toll Roads

On sequential chains like Ethereum, a single hot NFT mint or memecoin launch can congest the entire network, causing failed arbitrage trades and slippage spikes >20%. This is a systemic tax on all DeFi activity.\n- Solution: Solana's parallel processing allows Jupiter, Raydium, and Orca to execute thousands of swaps and arbitrage operations simultaneously.\n- Impact: ~400ms swap finality enables high-frequency strategies impossible elsewhere, compressing spreads and creating deeper, more efficient liquidity pools.

~400ms
Swap Finality
>70%
Lower Slippage
02

The Problem: Centralized Gaming Economies

Web2 games use centralized servers because on-chain games on sequential blockchains face interaction queuing, making real-time play impossible. Player actions (moves, trades, mints) must wait in line, breaking immersion.\n- Solution: Solana's concurrent read-writes allow games like Star Atlas and Aurory to process thousands of player states and asset transfers in parallel, akin to a game server.\n- Impact: Enables true asset composability where in-game items can be traded on a DEX or used as collateral in a lending protocol within the same state update, creating a live, interconnected economy.

1000+
TPS for Game State
Real-Time
Asset Composability
03

The Problem: Fragmented DeFi Composability

On EVM chains, complex DeFi interactions (e.g., flash loan -> swap -> collateral deposit) are sequential and vulnerable to frontrunning and reverts if any step fails, limiting protocol design.\n- Solution: Solana's architecture lets protocols like MarginFi, Kamino, and Drift read and write to independent state accounts concurrently. A single transaction can atomically interact with multiple, unrelated protocols.\n- Impact: Unlocks novel financial primitives like cross-margin accounts and generalized intent-based systems (see UniswapX, CowSwap) that can be executed with sub-second latency and near-zero gas-fee risk.

Atomic
Multi-Protocol TX
Sub-Second
Execution
04

The Problem: High-Frequency Trading is Off-Chain

Institutional-grade trading requires sub-second order matching and massive order book depth, forcing projects like dYdX to use centralized sequencers or Layer 2s, reintracting custodial risk.\n- Solution: Solana's throughput (~50k TPS theoretical) and parallelization allow fully on-chain Central Limit Order Books (CLOBs). Phoenix and Drift demonstrate CLOB latency of ~100ms and ~$0.0001 per trade.\n- Impact: Brings traditional market microstructure on-chain, enabling institutional liquidity, complex order types, and a $1B+ daily volume venue that is transparent and non-custodial.

~100ms
CLOB Latency
$0.0001
Per Trade Cost
counter-argument
THE ARCHITECTURAL SHIFT

The Steelman: Isn't This Just Harder for Devs?

Solana's concurrency model demands a fundamental rewrite of application logic, which is a feature, not a bug.

Concurrency is a constraint that forces developers to design for parallel execution from the start. This eliminates the state-lock bottlenecks that plague EVM-based DeFi, where sequential processing serializes user transactions.

The development paradigm shifts from managing state access to declaring it upfront. Tools like Sealevel runtime and the Anchor framework abstract the complexity, but the mental model requires abandoning Ethereum's transaction-island assumptions.

Evidence: Protocols like Jupiter Exchange and Drift Protocol leverage this for atomic, multi-pool swaps and cross-margin trading impossible on serial chains. Their throughput and composability are the direct result of this forced architectural rigor.

takeaways
SOLANA'S CONCURRENCY EDGE

Key Takeaways for Builders & Investors

Solana's parallel execution model isn't just about speed; it's a fundamental architectural shift that enables new application primitives and business models.

01

The Problem: The Global State Lock

EVM chains like Ethereum process transactions sequentially, creating a single, congested queue. This serial bottleneck caps throughput, inflates fees during demand spikes, and makes complex DeFi interactions economically impossible.

  • Sequential Bottleneck: One transaction locks shared state (e.g., Uniswap pool), blocking all others.
  • Fee Auction Hell: Users compete via priority gas auctions, creating volatile, unpredictable costs.
  • Composability Tax: Each sequential step in a multi-step DeFi transaction compounds latency and cost.
~15
TPS (EVM Avg)
$100+
Swap Cost (Peak)
02

The Solution: Sealevel & Concurrent State

Solana's Sealevel runtime executes transactions in parallel by analyzing which accounts (states) they need to read/write upfront. Non-conflicting transactions run simultaneously.

  • Parallel Throughput: Achieves ~3k-5k real-user TPS by utilizing all CPU cores.
  • Sub-$0.001 Finality: Predictable, ultra-low fees because capacity scales with cores, not block gas.
  • Atomic Composability: Protocols like Jupiter, Drift, and MarginFi can compose across the entire ecosystem within a single block without congestion tax.
3000+
Real TPS
<$0.001
Avg. Cost
03

The Killer App: High-Frequency On-Chain Finance

Concurrency enables financial products impossible on serial chains. This is the architectural moat for Solana DeFi.

  • Central Limit Order Books (CLOBs): Phoenix and Drift require millisecond-level updates across thousands of orders—only possible with parallel writes.
  • Liquid Staking Derivatives (LSDs): Jito and Marinade can rebalance stakes and handle withdrawals concurrently, minimizing slippage.
  • Intent-Based Swaps: Systems like Jupiter's DCA and limit orders rely on cheap, parallel settlement to be viable.
$4B+
SOL Staked (Jito)
~200ms
CLOB Update
04

The Investor Lens: Valuation Throughput

For investors, concurrency translates to sustainable economic moats and valuation frameworks based on utility throughput, not speculation.

  • Fee Market Stability: No 'gas wars' mean protocol revenue is predictable and user experience is consistent, driving retention.
  • Protocols as Infrastructure: High-frequency apps (CLOBs, Perps) become foundational liquidity layers, accruing value from every micro-transaction.
  • The Scaling Trajectory: Throughput scales with hardware (Moore's Law), not complex L2 rollup stacks, offering a clearer long-term scaling path.
10x
Lower Volatility
Hardware
Scales With
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Solana Concurrent Read-Writes: The Silent Killer Feature | ChainScore Blog