The Solana blockchain has been facing significant challenges and network congestion issues for the past two days. According to data from Phantom, this is the second time in the last 48 hours that the network has experienced congestion, increasing the likelihood of transaction delays or failure.
It is a matter of curiosity what is causing the network congestion in Solana. The latest bottleneck occurred in Anza Network’s authenticator client application Agave. According to Anza’s latest statement, it was determined that the network congestion issue was primarily caused by the QUIC application and the Agave authenticator client.
This issue led Anza engineers, in collaboration with other core participants, to make extensive efforts to diagnose and address bottlenecks. Working carefully, they try to implement the necessary fixes and changes to alleviate congestion and improve the user experience.
Anza stated that it will start releasing fixes in the coming weeks. It also points to Solana’s proactive approach to improving network efficiency, with expectations for further improvements and changes to be made and implemented in the coming months. high.
1/ Timelines and what to expect around what @anza_xyz is doing to address the current network congestion on @Solana in our validator client implementation, Agave.
The short version is: significant progress has been made to overcome the current congestion challenges, and we…
NEWS CONTINUES BELOW— Anza (@anza_xyz) April 5, 2024
On Thursday, April 4, the Solana blockchain unexpectedly encountered an alarming trend as 75% of all non-voting transactions failed. This event coincided with a significant increase in network activity, particularly linked to increased demand for meme coins gaining popularity on the platform.
This development sparked intense debate within the Solana community, with many users expressing their frustration with increasing user experience issues.
In the midst of the crisis, Helius CEO and a leading advocate for Solana, Mert Mumtaz, stepped in to address growing concerns. Mumtaz argued that attributing the 75% transaction failure rate solely to network instability could be misleading. He also claimed that most of these failures were due to blockages due to “bot spam” and not actual user actions.
As Koinfinans.com reported, recent network congestion problems have put downward pressure on Solana. SOL price dropped 10% in the past week and it is currently trading around $175.
