Anza Network is working on updates to address recent congestion problems on the Solana blockchain. The team has made significant progress in identifying and resolving the root cause of the congestion and plans to release fixes next week. This follows a series of network congestion incidents on Solana, leading to transaction delays and failures for users.

Engineers at Anza, in collaboration with other core contributors, are actively working to diagnose and fix these bottlenecks. These measures are part of ongoing efforts to improve Solana’s network efficiency in the coming months.

The urgency of the issue was highlighted by a 75% failure rate for non-vote transactions on April 4, attributed to a surge in network activity, particularly related to meme coins. This high failure rate has sparked concerns within the Solana community about service quality.

Helius CEO Mert Mumtaz suggested that transaction failures may be due to “bot spam” rather than inherent network instability affecting genuine user transactions. This underscores the challenges faced by Solana amid its growing popularity, especially in meme coin transactions.

Fantom creator Andre Cronje has shown support for Solana, attributing the current challenges to the network’s rapid growth and increased demand for block space. He emphasized that these are technical challenges and not flaws in the network’s consensus mechanism.

Despite previous downtime incidents, including a notable outage in February, Solana continues to face network congestion issues. As a result, the price of SOL has dropped by 10% in the past week, trading around $177. Following this decline, SOL has reverted to the fifth-largest cryptocurrency by market capitalization.

These ongoing network congestion issues highlight the need for continuous improvements to ensure the efficiency and reliability of the Solana blockchain. Stay updated on the latest news and developments in the cryptocurrency space on Global Crypto News.

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