The Solana blockchain community has been upset with Coinbase, as they have experienced long transaction delays on the network. On social media, Solana users shared screenshots that showed it took up to 45 minutes to process transactions, which is much longer than on other networks like Base, Algorand, Decision, and Avalanche.
Coinbase’s support team blamed the delays on wallet maintenance or blockchain issues, suggesting that Solana’s infrastructure was the problem. This led to frustration in the crypto community, with some accusing Coinbase of downplaying Solana’s capabilities to favor its Base network. Solana is the third-largest blockchain network behind Bitcoin and Ethereum, while Base is an Ethereum layer-2 network created by a US-based crypto trading platform.
Prominent figures within the Solana ecosystem quickly addressed these claims. Mert Mumtaz, CEO of Helius Labs, a Solana-focused RPC provider, explained that Coinbase’s internal indexing systems, not Solana’s infrastructure, were behind the delays. Austin Federa, Solana’s Head of Strategy, agreed and emphasized that the delays were due to internal technical issues at the US-based exchange.
He said that clear communication is essential, and this situation missed the mark, adding that the issue had nothing to do with Solana’s network, rpcs, or anything of the kind. It was a boring old internal system issue on the exchange side. Additionally, a community note was added to Coinbase’s support statement, pointing out that the exchange had faced unexplained Solana delays for months.
The note also compared blockchain performance metrics, showing Solana’s Time to Finality (TTF) at 12 seconds, which is significantly faster than Base and Arbitrum, at 16 minutes. Coinbase resolved the issue on its status page, acknowledging that the platform’s delays in processing Solana transactions had been resolved as of Nov.
28. Andrew Allen, a Protocol Specialist at Coinbase, confirmed that the issue had been resolved, stating that Coinbase’s indexer issues impacting Solana Send/Receive were resolved around 5 am that morning. The UI didn’t automatically update, but both the underlying issue and the UI fix have now been applied.
Despite the resolution, some community members remained critical of the exchange and accused it of being unfriendly toward the network. However, Milk Road creator Kyle Reidhead urged the crypto community to appreciate Coinbase’s broader contributions to the industry rather than dwell on this issue.
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<p>The post Solana’s Blockchain Slowed Down on Coinbase’s Platform. first appeared on CoinBuzzFeed.</p>
