The Solana network is currently facing challenges due to increased user activity, posing potential threats to its operations. Tristan Frizza, Co-Founder and CEO of Zeta Markets, shared insights with crypto.news regarding the congestion issues affecting Solana and the implications for the crypto industry.
Frizza highlighted the impact of recent decisions made by Jito to combat sandwiching attacks, which led to the shutdown of their meme pool service. These attacks affected users by providing unfavorable prices on swaps, emphasizing the need for solutions to address network vulnerabilities.
According to Frizza, the surge in user activity on the Solana blockchain has caused congestion, making the network susceptible to malicious attacks. To mitigate these risks, he suggested optimizing order books and releasing version 1.18 to enhance the performance of local free markets.
Frizza also proposed the development of Solana roll-up solutions to streamline order submissions and liquidity provision on Layer 2, reducing congestion issues on the base chain. These measures aim to improve the network’s scalability and reliability in handling high transaction volumes.
Despite occasional network outages, Solana’s native token, SOL, continues to achieve multi-month highs, fueled by the growing popularity of meme coins on the platform. The price of SOL surged to $158 in March, reaching its highest level in nearly two years, reflecting the network’s resilience amidst operational challenges.
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