Solana Network Congested, 70% Transactions Fail
Solana Network Congested, 70% Transactions Fail
The Solana network is currently facing significant congestion issues. According to Dune Analytics, around 70% of non-voting Solana transactions are failing.
Network congestion is largely attributed to the influx of spam transactions, with bots attempting to prioritize their activities over regular user transactions.
This issue is exacerbated by a dramatic increase in transactions related to newly released meme coins, creating an extraordinary demand for network block space and resulting in restricted access for many users.
Phantom and other Solana-based wallet applications have been notifying users about
potential delays and transaction failures. This situation has sparked criticism from the community, raising concerns about the blockchain's ability to grow effectively.
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Solana Developer Team Struggles to Address Issues
Anza, a developer collective focused on Solana, along with Solana Labs, are actively addressing these challenges.
"The Solana network, once again, is being tested with a very large traffic flow. Bug fixes will be rolled out next week, and everything will start to improve," said Austin Federa, strategy lead at Solana Foundation.
Anza will introduce fixes to address specific issues related to its QUIC implementation. These updates are expected to enhance client performance, particularly in scenarios involving high request volumes.
Another crucial step forward is the planned release of the 1.18 update targeted for April. This update will introduce refinements to make transaction scheduling more deterministic, aiming to streamline processing and reduce congestion.
Solana will also integrate dynamic fee prioritization into dApps to help address user experience issues as stated in Solana Labs' March blog post.
These improvements aim to ensure transactions can be processed more efficiently, reducing delays, and enhancing network reliability.
Conclusion
the Solana network is grappling with substantial congestion problems, evidenced by a staggering 70% failure rate in non-voting transactions, as reported by Dune Analytics. The congestion primarily stems from an influx of spam transactions, exacerbated by the surge in meme coin-related transactions, creating an unprecedented demand for network block space and causing access restrictions for numerous users.
This situation has prompted criticism from the community, raising doubts about the blockchain's scalability. However, the Solana developer team, led by Anza and Solana Labs, is actively addressing these challenges. Bug fixes are slated for release soon, and specific improvements targeting QUIC implementation are in the pipeline to enhance client performance, especially under high-volume scenarios.
Additionally, the forthcoming 1.18 update in April promises refinements in transaction scheduling, aiming to streamline processing and alleviate congestion. Solana's integration of dynamic fee prioritization into dApps further underscores its commitment to enhancing user experience and network reliability.
These concerted efforts are geared towards ensuring transactions are processed more efficiently, thereby reducing delays and fortifying the network's robustness for sustained growth and scalability in the future.
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