Impact of Network Congestion on Solana's Future Performance
Sunday, 17 March 2024, 17:25
Solana Network Congestion and Future Prospects
The decentralized finance (DeFi) crypto project Solana (SOL) has seen a surge in investor interest, pushing the native token to new heights. However, network congestion is a growing concern with delays and high failure rates impacting transaction processing.
On-chain Data Insights
- The Solana network is facing severe congestion, causing delays up to 50 seconds.
- Transaction failures range from 50-80%, affecting network stability.
Impact on Network Performance
- Observed TPS under congestion is reported at 1100-1200, significantly lower than claimed 50,000 TPS.
- High rates of transaction failures could erode user confidence in the network's reliability.
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.