[There are a lot of spam transactions in the Solana blockchain]
Digital asset trader and investor Dan Smith points out that the Solana (SOL) blockchain faces a serious transaction spam problem. Smith explained in a series of tweets that these spam transactions have led to an increase in the number of failed transactions on the network.
According to Smith's analysis, an average "real user" of Solana does no more than 50 transactions per day, and its transaction failure rate is 8%. He pointed out that 97% of addresses were classified as "real users" and these addresses accounted for only 0.6% of total failed transactions. Smith further noted that any address sending more than 5,000 transactions per day is almost certainly a bot. For example, he found 879 such addresses that had a transaction failure rate of 79% and were responsible for 95% of failed transactions.
This shows that 0.1% of addresses are the main source of spam, showing that Solana suffers from a severe spam problem.
The discussion started with remarks from Arthur Hayes, co-founder of the BitMEX exchange, who pointed out that the large number of meme coin transactions had caused damage to Solana. Hayes mentioned that these activities caused 75% of transaction failures and questioned Solana’s transaction processing speed (TPS).
Smith confirmed that Solana's TPS may be problematic from a "real user" perspective, but emphasized that even in the face of high failure rates, validators still need to expend resources processing these transactions. This provides deeper insight into Solana’s efficiency from a technical perspective.
