TL; DR
Full story
Ahhhh, the ‘kiss of death.’
The simple idea that something is so popular that it breaks.
(Usually seen during Black Friday sales, or whenever Kate Middleton wears a new outfit).
In the case of Solana, it is the popularity of meme coins on the Solana chain that has resulted in a huge spike in transactions in recent weeks.
So many transactions that some of them have recently started to fail (coinciding with a decline in SOL’s value and a loss of trust in the chain).
The good news is that the Solana developer team is called ‘Anza’ announced overnight that an initial solution to the congestion problems had been released.
On the one hand, it was great that they were able to act quickly and deploy at least a half fix.
On the other hand, with relatively new blockchain solutions like Base entering the market and doing a great job of supporting a lot of memecoin traffic, Solana will have to keep up to maintain its dominance.
While Anza works to develop more solutions to Solana’s network congestion problems, the BTC halving clock continues to tick.
Let’s hope they are ready for more transaction volume if the bull rebounds.
(Otherwise they might find people go elsewhere)!