The Solana (SOL) blockchain has faced criticism over sustained network congestion that resulted in widespread transaction failures. While Solana has a history of network outages, the surge in popularity of meme coins on the platform has complicated the situation, leading to frustration among users.
The delays and dropped transactions during periods of high network congestion have significantly impacted user experience, prompting some industry players to question Solana’s ability to compete with established entities like Ethereum (ETH).
Despite these challenges, the Solana team has moved to implement necessary upgrades to address the issues. In this regard, Anza, a Solana-focused devshop, announced on April 12 the release of a fix dubbed Testnet v1.18.11 for the devnet and recommended its implementation on the testnet as well.
This solution aims to resolve the congestion issues faced by the chain and is expected to mitigate the problem once deployed on the mainnet.
SOL price analysis
By press time, SOL was trading at $142, having declined by over 12% in the last 24 hours and nearly 20% on a weekly basis.
Apart from the network upgrade, the impact on SOL’s price will hinge on various factors, such as market sentiment and broader cryptocurrency trends.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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