$SOL URGE MORE LAYERS 2 ๐จ Here Is Why ๐
Solana's Blockchain is facing congestion due to a massive increase in users. That's causing a "negative" impact on SOL's price. In fact, congestions cause transaction failures and many users are complaining about that. Watching at data, up to 70% of transactions have failed recently! In order to solve this problem, SOL should implement more scaling soultions. In fact, layers 2 solutions increase the network's capacity in order to handle more transactions simultaneously. Basically is like to add more lanes to a highway to reduce traffic congestion.
If you are curious about Solana Blockchain/Market Data, I recommend you to go on:
- explorer.solana.com
- theblock.co/data/on-chain-metrics/solana
- messari.io/project/solana/charts/market
DYOR & STAY SQUARED ๐ช๐ฅ