Solana Failure Rate Skyrockets as Bots Take Over
Solana Failure Rate Surge
Solana (SOL) has recently faced a surge in failure rates due to network congestion caused by bot activity. This has resulted in a significant increase in failed transactions, with only an average of 25% success rate in non-vote transactions.
Bot-Driven Network Congestion
The surge in meme coin activity has driven increased interest in Solana, leading to network congestion and a rise in failed transactions. The dominance of bots engaging in arbitration has further exacerbated the issue.
Price Performance
Despite the challenges, SOL has shown strong performance, with a 72.17% surge year-to-date. However, recent data suggests a temporary decline in Solana's price, indicating a potential plateau in its performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.