Amidst recent congestion issues plaguing the Solana blockchain, Anza Network, a dedicated Solana-focused software development firm, announces forthcoming updates aimed at alleviating the ongoing problems.
According to Anza, significant progress has been made in identifying and understanding the root causes of the congestion issues. Collaborating with other core contributors, the firm confirms its commitment to implementing fixes, with updates expected to commence rollout next week.
These developments follow a series of congestion incidents within a 48-hour timeframe on the Solana network, resulting in transaction delays and failures for users. Anza, pinpointing a combination of QUIC implementation issues and Agave validator client behavior, identifies these as contributing factors to the network’s congestion.
The urgency of the situation became apparent on April 4, with Solana experiencing a staggering 75% failure rate for all non-vote transactions amidst heightened network activity, particularly driven by increased interest in meme coins. This alarming trend has sparked concern within the Solana community, highlighting the pressing need for resolution.
Notable figures within the Solana ecosystem, including Helius CEO Mert Mumtaz, attribute transaction failures to “bot spam,” exacerbating the challenges faced by the network, particularly in handling meme coin transactions.
Despite the hurdles, support for Solana remains strong, with Fantom creator Andre Cronje attributing the network’s issues to rapid growth and heightened demand for block space. Describing Solana as a “victim of its own success,” Cronje emphasizes the technical nature of the challenges rather than flaws in the network’s consensus mechanism.
Solana’s history of intermittent downtime, including a notable outage in early February, further underscores the complexities faced by the blockchain. Anza’s postmortem report on the February outage revealed a bug in Solana’s Just-in-Time (JIT) compilation cache as a contributing factor.
These ongoing congestion issues have had a tangible impact on Solana’s performance, with SOL’s price experiencing a 10% decline over the past week, currently trading around $177. Additionally, SOL has reverted to its position as the fifth-largest cryptocurrency by market capitalization, according to CoinMarketCap data.
As Anza Network and other stakeholders continue to address Solana’s congestion challenges, the community remains hopeful for swift and effective resolutions to ensure the network’s stability and scalability in the long term.
Powered by Crypto Expert BD
Follow us on Twitter: https://x.com/CryptoExpert_BD
Join our Telegram channel: https://t.me/CryptoExpert_BD
