Is the Meme Coin Season Taking a Toll on Solana Blockchain?
Friday, 5 April 2024, 05:26
Meme Coin Activity Impacting Solana Blockchain
The Solana blockchain faces challenges as meme coin frenzy leads to high transaction failure rates.
High Failure Rates on Solana Network
Recent data shows over 77% of non-vote transactions on Solana failing, posing questions on network efficiency.
Technical Debates and Market Impact
Debates continue on congestion bug fixes and network performance, resulting in a 5% market value drop for Solana.
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