Coinbase CEO Brian Armstrong introduced that the trade has resolved all pending Solana transaction delays β a response to rising person frustration with gradual processing.
On January twenty second, he shared an replace on X's social media platform, confirming that Solana transactions at the moment are working as anticipated, with canceled transactions in a position to be replayed.
Armstrong wrote:
βWeβve the Solana backlog resolved and transactions needs to be producing once more rapidly. In case your transaction was cancelled, you may attempt once more β we apologize for the inconvenience.β
Acknowledging the inconvenience brought on by the delay, Armstrong emphasised that Coinbase wants to enhance its infrastructure to raised help the Solana ecosystem.
He highlighted plans to enhance the trade's capabilities to deal with Decentralized Change (DEX) and memecoin buying and selling widespread on Solana.
As well as, Armstrong stated that Coinbase goals to extend its help for Solana to match the precedence of Bitcoin, Ethereum and Base. He acknowledged:
βWe goal to offer degree 1 help for Solana with the identical degree of help as bitcoin, ethereum and base (which has additionally not too long ago skilled delays because of a big improve in exercise amongst others).
Coinbase historical past of Solana
Identified for its quick transaction speeds, Solana has confronted recurring points on Coinbase, particularly throughout spikes in buying and selling exercise.
Over the weekend, elevated demand related to Donald Trump-themed memecoins prompted widespread congestion on the Solana community. Key providers corresponding to Phantom, Jito and Jupiter additionally reported outages as a result of improve in exercise.
Nevertheless, these challenges should not new for Solana customers who depend on the Coinbase trade. Beforehand, customers reported transaction delays of as much as 45 minutes, which Coinbase attributed to pockets upkeep or community points.
Latest delays have been even longer, with transaction stories taking greater than 21 hours to course of. These prolonged ready instances have raised issues concerning the trade's operational effectivity and skill to successfully handle high-volume intervals.
Regardless of the setbacks, Armstrong described the elevated exercise as an indication of progress within the Solana ecosystem. He reiterated Coinbase's dedication to bettering community help and guaranteeing a seamless expertise for customers throughout instances of excessive demand.
