Solana Developers Release Urgent Fixes to Address Network Congestion and Transaction Failures

• Solana developers have released proposed fixes (v1.18.11) to address escalating congestion issues plaguing the network. They are urging validators to upgrade software as soon as possible.

• Ongoing congestion is causing transaction delays and failures. Optimizing validator clients is one proposed solution, along with other efficiency improvements.

• Spam transactions are being primarily blamed for the issues, with demand for Solana meme coins also contributing to the surge in congestion.

• Recent data shows high Solana transaction failure rates from 50-80% due to nodes struggling to communicate amid congestion.

• The Solana Foundation acknowledges the frustration over tech debt causing capacity issues, likening it to early 2022 problems that were eventually overcome after demand outpaced systems.