Solana has been experiencing congestion and network congestion issues for the last two days. According to data from Phantom, Solana Blockchain is experiencing congestion for the second time in the last 48 hours. This causes processing delays or failures.
What is causing congestion on the Solana network?
The latest blockage in Solana occurred in Anza Network’s validator client application, Agave. In a recent post, Anza explained that the main concern regarding network congestion comes from the QUIC implementation and the behavior of the Agave authenticator client. This issue led Anza engineers, in collaboration with other key contributors, to conduct an extensive study to diagnose and resolve bottlenecks and improve overall network performance.
They also take care to implement necessary improvements and changes to reduce congestion and improve user experience. Anza said it will start publishing the fixes starting next week. Additionally, more improvements and changes are expected in the coming months, indicating that Solana has a proactive approach to improving network efficiency.
Failure in 75 percent of transactions
With these developments, Solana Blockchain encountered an alarming trend… 75% of all non-vote transactions failed. This also coincided with a significant increase in network activity triggered by the growing popularity of meme coins on the platform. This development sparked intense debate in the Solana community. Many users expressed disappointment with the deteriorating user experience.
Mert Mumtaz, CEO of Helius and one of Solana’s leading advocates, responded to the emerging crisis. Mumtaz argued that attributing the 75% transaction failure rate solely to network instability could be misleading. He also suggested that most of these failures were due to “bot spam” rather than actual user actions.
Changes in SOL price attracted attention
Recent network congestion issues have also driven down Solana’s SOL price. SOL price dropped 10% in the last one week and it is currently trading around $175. Solana becoming the center of meme coins puts a huge load on the network. The development team needs to take action quickly to resolve the congestion issue and develop permanent solutions to ensure the long-term sustainability of the network. Solana’s future will depend on whether the network overcomes these challenges.
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