🚨Crypto Alert!🚨 Solana network is in hot water! 🌊 A whopping 75% of "non-vote" transactions are failing, according to Dune Analytics. This is the highest negative rate ever recorded! 😱 Users are venting their frustrations on social media, complaining about unsuccessful transactions and a dip in user experience.

But wait, there's more! Mert Mumtaz, CEO of Helius and a Solana enthusiast, disputes these figures. He attributes the majority of failed transactions to "bot spam" rather than faults with the blockchain itself. 🤖

However, these failures are causing service outages and impairing the chain's functionality, which is a major concern. Ryan Rzepecki, founder of Spectra Cities, emphasizes the importance of different applications operating seamlessly on the same chain. He also draws a parallel between Solana's current crisis and the FTX collapse, highlighting the severity of the situation. 😰

This is a critical time for Solana, and it's losing the confidence of users and major ecosystem partners daily. Sending positive vibes to all the smart developers working to fix this. 🙏🔧 Despite the current issues, some still maintain optimism about Solana's potential as a network for retail adoption. Stay tuned for more updates! 🚀