Phase relations of the olivine‐wadsleyite transition in the system (Mg,Fe)₂SiO₄ have been determined at 1600 and 1900 K using the quench method in a Kawai‐type high‐pressure apparatus. Pressure was determined at a precision better than 0.2 GPa using in situ X‐ray diffraction with MgO as a pressure standard. The transition pressures of the end‐member Mg₂SiO₄ are estimated to be 14.2 and 15.4 GPa at 1600 and 1900 K, respectively. Partition coefficients for Fe and Mg between olivine and wadsleyite are 0.51 at 1600 K and 0.61 at 1900 K. By comparing the depth of the discontinuity with the transition pressure, the temperature at 410 km depth is estimated to be 1760 ± 45 K for a pyrolitic upper mantle. The mantle potential temperature is estimated to be in the range 1550–1650 K. The temperature at the bottom of the upper mantle is estimated to be 1880 ± 50 K. The thickness of the olivine‐wadsleyite transition in a pyrolitic mantle is determined to be between 7 and 13 km for a pyrolitic mantle, depending on the efficiency of vertical heat transfer. Regions of rapid vertical flow (e.g., convection limbs), in which thermal diffusion is negligible, should have a larger transition interval than stagnant regions, where thermal diffusion is effective. This is in apparent contradiction to short‐period seismic wave observations that indicate a maximum thickness of <5 km. An upper mantle in the region of the 410 km discontinuity with about 40% olivine and an Mg# of at least 89 can possibly explain both the transition thickness and velocity perturbation at the 410 km discontinuity.