Andrew Cronje, the co-founder of Fantom Foundation, recently took to social media to defend the Solana blockchain against the flurry of criticisms it has faced due to its technical challenges. Highlighting the surge in demand for Solana’s blockspace as a mark of its success, Cronje pointed out that the current bottlenecks are merely engineering challenges rather than fundamental flaws.
The Solana blockchain, known for its high throughput capabilities, has recently experienced a significant uptick in activity. This surge has been fueled by the popularity of meme coins and increased decentralized exchanges (DEXes) transactions, leading to a bottleneck where approximately 70% of non-voting transactions have failed.
Co-founders Rally in Defense
In response to the mounting criticism, Solana’s co-founders, Anatoly Yakovenko and Raj Gokal, have publicly defended the blockchain. They assured the community that their engineering teams are diligently addressing the technical glitches that have led to the high transaction failure rate. According to data from Dune Analytics, the network has seen an overwhelming majority of non-voting transactions fail in recent weeks.
world class engineering teams are working around the clock to push fixes to improve the experience of submitting transactions on @solana.
I am messaging them multiple times a day asking how it’s going, and they tell me this is a very helpful way to contribute to the solution.
— raj
(@rajgokal) April 4, 2024
(@rajgokal) The co-founders explained that resolving the network’s congestion issues involves a comprehensive fix currently in the development pipeline. Due to the issue’s complexity, deploying a quick fix is not feasible. Gokal emphasized their commitment to improving transaction submission experiences on the Solana blockchain, noting the efforts of their world-class engineering teams to expedite the resolution process.
