👉👉👉 #Solana struggles: Record 75% of users txs are failing... or are they?
The Solana network is facing challenges in meeting the soaring demand for #memecoins , with approximately 75% of transactions on the network currently experiencing failures. However, proponents argue that this data is being misinterpreted on a wide scale.
According to data from Dune Analytics, on April 4, over 75% of all "non-vote" transactions on the Solana network failed, marking the highest failure rate on record. This surge in failures has coincided with a recent surge in complaints from Solana users on social media, citing issues with failed transactions and a deteriorating user experience.
In a post on X dated April 4, a pseudonymous trader known as Altcoin Sherpa expressed belief in Solana's potential to establish itself as the #Blockchain network for retail adoption. However, they acknowledged that the current user experience falls short of expectations, hinting at potential bot spam as a contributing factor.
Contrarily, Mert Mumtaz, CEO of Helius and a vocal supporter of Solana, refuted the claim that 75% of transactions were failing. He argued that the majority of failed non-vote transactions were simply a result of "bot spam," rather than genuine network issues.
Source - cointelegraph.com