Approximately three-quarters of all transactions on the Solana network have been failing due to the recent memecoin mania on Solana, but proponents argue that the data is being widely misinterpreted
Dune Analytics data shows that on April 4, nearly 75% of all "non-vote" Solana transactions failed, the highest failure rate on record
Approximately three-quarters of all transactions on the Solana network have been failing due to the recent memecoin mania on Solana, but proponents argue that the data is being widely misinterpreted.
Dune Analytics data shows that on April 4, nearly 75% of all "non-vote" Solana transactions failed, the highest failure rate on record.
The increase in failures has been accompanied by recent outrage from Solana users on social media, complaining about failed transactions and a deteriorated user experience.
In an April 4 post on X, anonymous trader Altcoin Sherpa stated that although he still believes Solana will become the blockchain network for retail adoption, he noted that the current user experience is currently less than ideal.
“As much as I think that SOL is the chain for retail this cycle — the experience is fucking brutal lately."
