The Solana blockchain, known for its fast transactions, has once again come under scrutiny due to serious performance issues.
Previously plagued by reliability problems, the network is now being criticized for its high transaction failure rate.
The Platform Analyst X company has drawn attention to serious problems. Solana's failed transaction rate is alarmingly high, affecting the user experience and undermining the network's virtues such as low fees and scalability: according to #Jupiter , a #decentralized exchange on #Solana , only 35% of daily transactions are successful and 65% remain unprocessed.
If you look at the situation over the course of a month, the problem becomes even more severe. On some days, the failure rate exceeds 80%, which means that only two out of ten transactions are completed.
Despite the high transaction rate, Solana's numbers are misleading because failed transactions are equated with successful ones. This overstates the network's performance statistics and misrepresents its capabilities. Users are charged for all transactions, including failed transactions, which degrades the user experience and increases unnecessary costs.
The prevalence of failed transactions, compounded by bots spamming the network with low fee transactions, may discourage large financial institutions such as Visa from implementing Solana. The unreliability of the network may make traditional users hesitant to switch from more stable payment systems.
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