Solana price prediction as network issues escalate
Solana (SOL) continues to stand out as one of the top performers in the current crypto bull run, showcasing its strength and outpacing the broader
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market despite short-term correction.
However, amidst Solana’s impressive growth, the network faces ongoing challenges with network outages. Over the past two days, the Solana blockchain has encountered significant issues and congestion problems that have long been synonymous with the network.
The congestion issues can largely be attributed to the increasing number of users and their on-chain activity, particularly with the rise of meme coins and transactions on decentralized exchanges (DEXes).
While heightened network activity may drive up the value of the associated token, it unfortunately results in a poor user experience marked by unsuccessful transactions.
Recent setbacks in the blockchain have hindered its progress. In recent weeks, up to 70% of non-voting transactions on the network have failed, indicating a notable increase in transaction failures.
