Posted 3/20/2024, 4:02:00 PM
Solana Network Strained by Meme Coin Frenzy, Upgrades Planned to Boost Capacity
- Solana network strained by recent meme coin trading frenzy, causing transactions to fail
- Activity welcomed by co-founder Yakovenko as a "stress test", though he calls it "bizarre"
- Problems exposed include failed transactions, congestion, and issues with priority fees
- Upcoming network upgrades aim to improve transaction scheduling and fix fee issues
- Longer-term changes needed to expand block sizes and boost network capacity
