More than 50% of Solana transactions failed last month. And that’s fine, says executive
Solana, the industry’s go-to blockchain for memecoin speculation of late, has seen 70% of its transactions fail this past month.
That’s according to data from this Dune dashboard, which shows that, on average, most non-voting Solana transactions failed since February 22.
Non-voting transactions are user transactions that usually involve sending Solana tokens across accounts or smart contracts.
They differ from voting transactions, which are by validators — network participants who stake Solana to secure the blockchain and process transactions in exchange for a share of the fees.
“This has always been how Solana has worked since day one, so there’s no difference in user experience.”
— Helius Labs CEO, Mert Mumtaz
“The failed transactions are mostly always bots,” Mert Mumtaz, CEO of Solana infrastructure provider Helius Labs, told DL
News.
Traders use bots to automate their trading strategies.
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