The Solana blockchain is currently facing significant challenges with a failure rate of approximately 75% for transactions, as first highlighted by Dune Analytics and initially flagged by QwQiao. This issue has been attributed to a variety of factors including massive trading volumes, network congestion, and the dominance of bots in swap counts, with a specific problem noted in March 2024. The congestion is partly due to the mining of $ORE (@OreSupply), a core activity causing network strain, which is currently trading above $2,000 with an $8 million market cap. A detailed analysis shows that 73.2% of normal (non-vote) transactions are failing. The high failure rate is affecting users' ability to conduct transactions, leading to frustration among the community.
🗞️ Crypto News The Solana network is grappling with a significant failure rate in its transactions, with approximately 75% of non-vote transactions failing, according to Dune Analytics. 🔗 https://t.co/sJXXatEFFP #CryptoNews
A simple explanation of why your Solana transactions are failing: - Lots of network activity - memecoin trading, defi, arbitrage bots, Ore mining(?) - everyone is trying to submit txns - Solana nodes are overwhelmed and can't process every tx that gets submitted - txs are… https://t.co/lVAfqPCS7b
A simple explanation of why your Solana transactions are failing: - Lots of network activity - memecoin trading, defi, arbitrage bots, Ore mining(?) - everyone is trying to submit txns - Solana nodes are overwhelmed and can't process every tx that gets submitted - txs hry… https://t.co/eueOpqTgB9
On April 4, more than 75% of transactions on Solana were unsuccessful. Bots and a Proof-of-Work mining project are behind the current issues. Read more: https://t.co/5PzNQncSsv https://t.co/gocUAoy8GL
lol what kind of crap luck to drop on solana when none of the transactions will go through 😭😂 fingers crossed things get moving soon 🤓
Solana Struggles: Record 75% Of User TXs Are Failing... Or Are They? https://t.co/3KkfL6X6ip
😬 With trading volumes skyrocketing and massive network congestion, @Solana is wrestling with a 75% transaction failure rate. ✍️ by @tikta_ 🗞 Read more: https://t.co/6Up2F7MowX https://t.co/zOSZDCPNdk
75% of Solana Transactions Are Failing as Bots Dominate Swap Count The Solana blockchain is experiencing a high rate of failed transactions amid massive trading volumes that has led to network congestion. 🗞 Read more: https://t.co/1IyudTmy3w https://t.co/Ocuuraa44Z
🚨 LATEST: $ORE (@OreSupply) is currently trading above $2,000 with $8 million Market Cap. Thousands of users are mining $ORE, one of the core reason behind @solana Network Congestion https://t.co/UdaZRKqePp
Solana currently has a 75% tx fail rate Highest value so far https://t.co/3yTZIvu81s
🚨3/4 OF SOLANA TRANSACTIONS ARE FAILING: REPORT🚨 - First flagged by @QwQiao, it appears that March 2024 has not been a good month for @Solana transactions… - According to a DuneAnalytics board constructed by @scarn_eth, a whopping 73.2% of normal (non-vote) transactions on… https://t.co/tt2Jpna0go https://t.co/fIzW2nFWt8
🚨JUST IN: APPROX. 3/4 @SOLANA TRANSACTIONS ARE CURRENTLY FAILING ~ DUNE ANALYTICS
about 3/4 of txs r failing on solana currently https://t.co/YSkTun9qlX
I swear 88% of my solana transactions fail lmfao dogshit tech