Fantom CEO defends Solana amid network woes
Fantom creator Andre Cronje has shown support for the Solana network, amid the recent transaction failures on the network. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi).
According to a post on the X social platform by the co-founder, some critics view the ongoing congestion as Solana’s flaw, yet it stems from the ecosystem’s rapid growth, which has increased demand for block space. Cronje stated that performance issues are technical challenges, not consensus mechanism flaws.
According to Dune Analytics, amid a surge in activity driven by the recent memecoin craze on Solana, approximately 75% of non-vote transactions failed on April 4. Yet, proponents argue the data is widely misunderstood.
