Several crypto projects have delayed their launches due to intermittent congestion on the Solana blockchain. Developers of Solana are working on resolving these issues by April 15th. Users of the blockchain have been experiencing network congestion and transaction errors for several weeks, prompting new projects to postpone their launches until the technical difficulties are resolved.
Some of the projects that have chosen to wait for congestion resolution include Suit Up, a nonfungible token (NFT) project, DuckCoin, an altcoin project, and Surge Finance, a Solana staking rewards platform.
On April 6th, Anza, a Solana-focused software development shop, outlined its plan to address the network congestion on its Solana validator client implementation, Agave. Initial investigations indicate that the root cause of the congestion issues may be related to the QUIC implementation, a general-purpose transport layer network protocol.
Currently, users are reporting delayed sends for Solana’s SOL tokens on the crypto exchange Coinbase. Solana has been investigating the issue for over eight hours, but it does not affect trading and fiat withdrawal and deposit functionality.
Solana co-founder Raj Gokal has stated that the failed transactions on the 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. He believes that the congestion issues stem from the rapid growth of the ecosystem, which has increased the demand for block space. Cronje sees these performance issues as technical challenges rather than flaws in the consensus mechanism.
Cronje describes the Solana network as a victim of its own success. The increase in transaction failures has led to complaints from Solana users on social media about failed transactions and a degraded user experience.