Andre Cronje, the creator of the Fantom network, has expressed his support for the Solana network despite recent transaction failures. Cronje, who is considered a prominent figure in decentralized finance (DeFi), addressed the ongoing congestion issues on Solana and attributed them to the network’s rapid growth and increased demand for block space. He clarified that these performance issues are technical challenges rather than flaws in the consensus mechanism.
According to data from Dune Analytics, approximately 75% of non-vote transactions on Solana failed on April 4, driven by a surge in activity related to the memecoin craze. However, Cronje and other proponents argue that the data is widely misunderstood and that Solana is a victim of its own success.
Solana users took to social media to express their frustration with the transaction failures and degraded user experience. Cronje’s perspective received support from other community members who emphasized that while blockchain technology is often praised for its principles and capabilities, negative reactions tend to arise when increased demand leads to temporary user experience issues.
Solana CEO Anatoly Yakovenko expressed his frustration with addressing congestion bugs, highlighting the challenges of testing and releasing updates compared to tackling total liveness failures. Solana has experienced previous outages, including a significant one in early February that halted block production on its mainnet for over five hours. Since January 2022, Solana has faced several major outages and multiple days of partial or primary outages.
A postmortem report released by Anza, a Solana-focused software development firm, revealed that a bug in Solana’s Just-in-Time (JIT) compilation cache caused the recent outage. The Solana Foundation plans to replace the old loader system with a new one upon the rollout of an update.
The price of Solana’s token (SOL) has experienced a slight decline of around 3% in the past week after a 45% rally in March. As a result, it has fallen back to being the fifth-largest cryptocurrency by market capitalization, according to CoinGecko data.
In other news, a team of white hats called ‘SEAL 911’ has been formed to combat crypto hacks in real-time.