Solana network faces record transaction failures

05.04.2024

“The environment, saturated with activity due to meme coins, led to a record number of transaction failures in the Solana blockchain network,” – describes the situation with the Solana platform, where approximately 75% of all “non-voting” transactions failed. This is the highest failure rate recorded to date. The increased interest in meme coins has provoked a flood of complaints from users on social platforms, talking about failed transaction attempts and a deteriorated user experience with the network.

Despite this, Solana supporters insist that the data on transaction failures are often misinterpreted, noting that most failed transactions are simply bot spam.