Several crypto projects have decided to delay their launches due to intermittent congestion on the Solana blockchain. Solana developers have assured users that they are working on a solution, which is expected to be implemented by April 15.
Over the past few weeks, users of the Solana blockchain have reported increasing issues with network congestion and transaction errors. As a result, new projects, particularly those planning token launches, have chosen to postpone their releases until the technical difficulties are resolved.
Some of the Solana projects that have decided to wait for a congestion resolution include Suit Up, a nonfungible token (NFT) project, DuckCoin, an altcoin project, and Surge Finance, a Solana staking rewards platform.
On April 6, Anza, a software development shop focused on Solana, outlined its plan to address the network congestion through its Solana validator client implementation, Agave. Initial investigations have indicated that the root cause of the congestion is related to issues with the QUIC implementation, a general-purpose transport layer network protocol.
As of now, users have reported delayed sends for Solana’s SOL (SOL) tokens on the crypto exchange Coinbase. Solana has been investigating the issue for over eight hours, but it does not impact trading or the functionality of fiat withdrawal and deposits.
Solana co-founder Raj Gokal has previously stated that the failed transactions on the Solana blockchain are not due to scalability issues. Despite the growing criticism surrounding transaction failures, Fantom network creator Andre Cronje has expressed support for the Solana network. According to Cronje, the ongoing congestion on Solana is a result of the ecosystem’s rapid growth, which has led to increased demand for block space. He believes that the performance issues are technical challenges and not flaws in the consensus mechanism.
Cronje referred to the Solana network as a victim of its own success. The increase in transaction failures has sparked complaints from Solana users on social media, who have expressed frustration with failed transactions and a degraded user experience.