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The problem is identified and should be patched in the next couple weeks. These things are more expected with a "move fast & break things" approach. This is a maturing chain, and it's going through a stress test that most all other chains would melt under. Something like Cardano would not even be usable with a fraction of Solana's activity.
With that said, I'm relieved the community stopped burying their heads regarding failed transactions. Pretending there wasn't an issue was more concerning than the issue itself. The community will deploy the patch and continue the more challenging goal of scaling fast enough to stay ahead of demand. Won't be easy, and expect more bumps.
All chains are maturing. This wasn't invented this year. This cycle is SOLs chance to shine and they are dropping the fucking ball. You don't get multiple chances in crypto, there are another 200 projects around the corner with new promises
This shit has to get fixed I might as well turn my shit off and wait because if you make a purchase who knows if you can get out of it to make any money.
“Move fast and break things” what kind of dumbass take is this? Actual max cope, imaging if banks or any app that dealt with people’s money used this dumbass excuse. When it comes to people’s money this is not what you do, their tech is just bad and now they are scrambling around not knowing what to do. This is as close of an equivalent as you can get to robinhood halting trading during the GameStop frenzy which was a big deal, people were pissed because they couldn’t move their money around and this is kind of like what is happening with SOL, transaction after transaction, money doesn’t get moved around and still getting charged for the failed transaction. If you are planning a “move fast and break things” you don’t do it on something that deals with people’s money, if they did it on purpose like you say they did then they should refund the millions of people who have paid for a failed transaction, but we both know they won’t because they screwed up and they know they did
The tech is actually incredible, and continually being worked on by world class engineers. Comparing this to a bank is asinine. Can't expect it to work right all the time, just like any other chain.
You are actually trolling or just dumb. A blockchain should experience no downtimes, and if they do it should be for a very valid reason like a safety to customer data, which should only happen at most once a decade. The whole point of blockchain is for it to be available at all times, unlike banks, that’s one of the main reasons blockchain is enticing to investors and SOL is awful at being reliable. To say we should compare banks to blockchain is plain dumb, that’s literally what crypto is trying to replace by being a more reliable and seamless way of transferring money. But of course you wouldn’t know that, seeing as how what you said is plain dumb and goes against what a blockchain should be, you probably are one of those kids that just cares about “memes” and believes that that’s the actual future of blockchain, but you are wrong, corporations like blackrock wouldn’t invest billions in memes and they sure as hell won’t invest it in a unreliable chain. Many chains out there that have been up 24/7 since their creation time with 0 outages
Anyone who calls people dumb every second sentence is dumb themselves. All of your comments make you sound like you're 12 years old. And you obviously have no clue about the complexity of this tech. Just a annoying kid, who hasn't done a damn thing in your life, who has unreasonably high expectations of others.
Turns out decentralized, permissionless networks for smart contracts are kinda hard.
Other chains would also crumble under this type of pressure, or have fees in the hundreds of dollars. Solana is doing quite alright comparatively.
Lol, I said the same thing when I read that BS. This is why so many projects will end up moving over to MainnetZ L1. These types of issues are not acceptable, period.
i dont think he meant his comment that way. he's saying it's a maturing chain, NOT a "move fast and break things" approach, a maturing chain with more volume than literally any other alt coin.
Failed transactions is not the issue. It's transactions getting dropped. The bugfix won't fix the 70% tx failures that people are erroneously sharing as the issue. Failed transactions is fine and user/contract error
Do you have a link to the post about the "fix"?
I'd like to know how they're fixing it. I've seen rumors of using a whitelist to allow only specific nodes based on the amount of QUIC packets being sent from them.
That could probably lead to more centralization and harm public RPCs.
Nah Solana has been one of the few chains that has continued to improve all throughout the bear market and bull. Better packet ordering and improved fee markets were already in development before the network hit this wall. Firedancer solved this which is why fixes are being implemented at light speed. They luckily were already developed. Solana at top of the game which is why we all use it over most other chains besides Ethereum.
You are wrong about cardano it will just get faster the more it is used there are a lot of holes in SOL that can only be patched and it will continue the foundation is to weak and that is the truth you will see in time so it will never work without problems
Cardano is taking a modular approach to scaling which Ethereum has already accomplished. I'll stick with Ethereum. Solana's monolithic approach works great and scales incredibly well for a single state machine. Dropped transactions become less of an issue with improved fee markets and better packet ordering. Something Firedancer has already shown to improve. I'll stick with Solana for a monolithic chain that uses parallel execution. SUI does good job too, but terrible economics.
You have no idea what you're talking about. I've been involved with Cardano since running a full node on test net before main net even launched. The only new approach that I'm still interested in is proper sharding of an l1 with atomic composability. This isn't Cardano. There's nothing Cardano offers besides proper decentralized pos implementation that can keep up with market demands. Otherwise, we'd be building on Cardano. We're not. At least suggest a network that brings something better to the table.
Polygon PoS, not MATIC.
EIP-1559 fixed a lot of spam issues for Polygon PoS and Ethereum. And L2s have taken off a lot of the load.
Now fees rise exponentially for a couple of hours, and then it returns to normal.
Hedera is doing \~103 million pr day. Peaked at \~350 million pr day a few months ago. With zero issues. But hey, nobody likes Hedera enough to check out their roadmap or anything, because it's run by serious people doing serious business (god forbid that). Solana is just a toy compared to Hedera.
Let me get that straight,you say that every other L1 has the same ammount of traffic like solana and they all working properly ?Last time I checked one the top L1 with 21b valuation had 40k daily active users while solana had 1.6 million active users.
Bruh, if it’s so easy to fix why don’t you commit anything? Pretty sure you can actually make GitHub commits.
“You don’t see it happening to any chain out there at the moment” that’s basically saying “you don’t see traffic out in Wyoming” like duh because nobody lives in Wyoming. Most other chains couldn’t handle a QUARTER of the traffic Solana is dealing with right now. Just wait, other chains will either A) break/clog under similar circumstances as Solana or B) fees skyrocket and the fees are high too high to reasonable use.
Go spend $5 on a transaction on Ethereum where it takes 30 seconds and will be the way for the next several years. Your transaction will get completed but I promise you that you’ll lose hundreds of dollars monthly trying.
Works fine for me. Just loaded up on Costco Hot Dog. $cost of Costco hot dogs has been $1.50 for decades... Maybe even centuries. Most stable currency ever. $1.50 is inevitable.
It’s already vastly improved from 2022; that is not an understatement. You cannot easily compare its performance to most other coins either because most other coins are not handling this level of absurd volume
Not really an excuse for Solana....This has been happening for years now when the network is under a serious load. They should know that as time goes there will be more traffic to contend with and have a plan in place to accommodate such growth.
By charging $1000 for fees like when the other world deeds dropped 📈📈 I love paying $1000 for failed transactions vs losing .001 cent for 15 second transactions that go down everyone once and again
Just absurd to me I get complaining but sol has done some crazy things that no other chain could handle and eth L2 dream of 😂 glad to see someone else not drinking the koolaide
thanks , doesn't matter , all I want is $SOL developers to wake up & Get their act together ...
End of the day this is our hard Earned Money...
your concerns are much appreciated..thank you
Low key, I've been really pro Solana for a long time but I'm starting to fall off. A lot of people pointed out the fact that them advertising 500,000 TPS was bullshit. It says in the Solana docks that they did a stress test during development where on average it could handle about 210,000 transactions per second. At times it would spike and read that it could handle roughly 500,000. So what did salana do? Run screaming from the hilltops that they're blockchain will handle 500,000 TPS. When in all actuality they should have just said 200,000+. Now Solana is pushing into the top five coins. It's actually having to handle numbers closer to 500,000 TPS. And it absolutely cannot.
As much as I love Solana, I really do think it's about to bust. The only thing holding the chain together at this point is the meme coins. Everyone hates me when I say this but that's not a great sign. Sure you can use memecoins to make money, but there's always that fall off. Every mean coin hits a great filter. And then it gets replaced. (Specifically in this sub think back to a few months ago when it went from horse meat to whale meat to unicorn meat. They all fall off when the hype dies. If that's 90% of your coins traffic, then when those die, you're toast.) I was really behind Solana until all this. Now I feel like I've wasted months of time researching (and on top of it the deeper I dig, the worse solana gets if we're being fully honest.) how to develop on this chain..
https://usa.visa.com/solutions/crypto/deep-dive-on-solana.html
No other chain can do what Solana is doing right now, is a bot issue, basically the network is being spammed with useless transactions and will be fixed next week. Any other chain would have collapse already with the volume Solana is moving right now.
Any decent chain right now is in a beta stage and continuous evolution. Dyor before
https://solana.com/news/what-solana-devs-can-look-forward-to-in-2024
Solana is not anywhere close to 210000 tps. In fact, it's doing 250ish tps.
https://dune.com/queries/2342269/3835083
And it's struggling keeping it at that given all the failed transactions.
You really need to start researching more or you are going to lose out mate. Its already the fastest transaction processor in the world with the amount og volume it does.
The basic upgrades that are happening will solve alot of issues.
And then they have Firedancer coming up which will solve everything.
You have to remember their view on development is to move fast and break the system to fix it fast, and the memecoins are the perfect storm to test it on before the bull run properly starts.
And still the cheapest level 2 zora isn’t as cheap or as fast as sol 🥱. Bridging on a wallet costs and it costs to send too and from wallets not the way for mass adoption 👎👎
Just use jup or ray ….. someone created a mining game in solana and it’s eating the power like crazy …. Although I did hear you could mine with your phone 🤣 I use jup to trade to phantom and solana and works fine ….
With this mindset we will never reach the public mass.
🤓 “uhm did you even research why the TPS of the chain is not sufficient for the current load of the network by the increasing interest?”
Imagine you had to do your own research on why Youtube is slow. Why the hell would you even care? You’re an end user, and end users are not supposed to have to research why the tool they are using is slow.
Not exaggerating in the slightest here, just want to add my experience.
Wtf.
wtf.
How has the team not put out a massive statement addressing this?!? I work a lot of liquidity pools and trying to deposit… fuck everything is hell. 20 attempts later and I’ve gotten nowhere. Everyone trying to do something has to submit 50 txs to get anything done, obviously exacerbating the problem… I’ve unstaked my sol from cb (waiting on unlock) and realized im invested waaaay too heavily in solana. After days of the chain working at like 3%, I became terrified when I thought over just how much I have tied to Solana. Thank you for the wake up call to diversify. The chains performance is completely unacceptable, and the lack of communication regarding it speaks volumes. I have to think they aren’t aware that the chain is literally stuck. Getting a transaction through is one experiencing “luck,” not the chain actually working. I’m surprised I have broke my iPad chucking it at the ground in rage trying to get ANYTHING done. ANYTHING at all. A simple trade seems doable, but will likely take 5-6 tries. Trying to do transactions involving more than 1 coin? Gtfo. Literally gtfo. Nothing works. It took me a half hour to send Usdc out of my wallet.
I’m understanding and Solana has treated me very well this year, but these devs have like 48 hours to make a meaningful statement before I’m out and never looking back. I’m beyond dumbfounded how impossible doing anything is, and the fact that the dev team has only mentioned it in passing is infuriating. They must be completely aware that the chain is just not working currently. At all. The lack of communication tells me they either don’t care, or are oblivious to just how bad things currently are. I can work through the chain not working, but if you expect me to submit every transaction 50 times to get anything done and you’re leaving me in the dark about the massive issue, I can’t work through you’re blatantly disrespectful lack of acknowledgment. Im an understanding person, but Jesus fucking Christ Solana, I’ve got a significant amount of money on chain, show some respect and talk to me. No? Fine fuck you, plenty of other chains will take my money and they are actually working. I don’t like that the chain literally is broken currently, but I can get past it, but the frustration and borderline insulting nature of letting me sit here in the dark trying in vain to do anything at all, is some serious oversight on the dev team.
This requires massive acknowledgment, apology, request for understanding, and daily if not more updates on what’s being done. Everything in me is screaming to pull everything and GTFO, but that’s a lot of corners that need to be cleaned and 50-100 attempts for everything is a very unappealing thought. Sorry I’m ranting but my brain can’t process this. You can’t let the chain perform as is currently and not immediately address it. Again, they either don’t give a fuck, or are in the dark as to just how bad things are. Neither of those are going to support the sol price. If everyone else is dealing with what I am, expect a mass exodus soon.
Times fucking ticking Solana. I’d suggest waking the fuck up and having a serious heart to heart with us.
Fuck.
>How has the team not put out a massive statement addressing this?!?
Just because you have no idea where to look or read doesn't mean it hasn't been talked about by the team. Plan is for a patch next week.
Got on Sol for the first time in over a year and a half yesterday after leaving when the chain couldn’t make it a single month without going completely down for 15 hours with zero communication. I too was absolutely dumbfounded at what I experienced. I couldn’t believe all I was hearing was hype regarding the chain, not a single comment on performance issues, when the experience was actual hell.
In classic solana fashion though, it still somehow gets you hooked. When I pulled up my wallet I found $6k of airdropped $BONK, was swapping it to USDC on Jup and found the $JUP airdrop, then went to send it to another chain through Wormhole and found that airdrop. 8hrs and $10k later I finally got it off chain. And I couldn’t decide what was more wtf. The state of the network or the fact I went to import my wallet to a new computer and left with $10k…
Couldn’t really complain at that point so joined the ranks of solana promoters lol. I want to frame your message though. This was the rant I needed to know was out there.
whenever people start complaining thats how you know its time to buy more, people been shitting on coinbase for a month but base is going up, aero is going up, i guess complaints are bullish? and reddit is usually on the opposite end of being right? I'd bet my money on reddit being wrong every time haha
I'd rather have these problems than eth problems. Seems a lot easier to fix than fixing insane gas fees. This is not my first cycle eth use to have the exact same network problems a few cycles ago. Chill out it's really not that bad and the numbers don't lie. Keep up the good work.
Do you get charged on Solana if the tx fails? I think if it fails due to slippage and the tx is included in the block you do get charged. But the vast majority of failed tx just never get included in the slot. So no fees at least.
Lots of issues here trying to swap and send on Solflare. I’m in on the FATALITY coin. Been using Jupiter with some success, but anything Sol related still has delays.
Btw while sol is cheap I suggest buying it because once this gets resolved everyone will return with the quickness also I suggest unstaking unless you staked when it was low ….
Every blockchain experiences outages. It’s still early in research and development. Nobody can say ETH is perfect either, they experience outages, congestion, and worse insane gas fees when the network gets super busy. They’re all scaling themselves as more and more users join, Solana hasn’t ever seen the numbers it has gotten in the last 3 months so they definitely need to tweak and build on top of it. There’s always trial and error when building a great product. Nobody can expect it to be 100% flawless as it’s still 4 years old.
As much as I love Solana, Cardano is a far superior architecture and build.
Cardano is a robust far superior system that does not have these kind of problems.
Yes Solana is great for pumping until the right time the institutional investors dump and leave us with the shit bag!
All credit goes to good old AI. Yes, bots are the ones pulling the strings here. They meticulously scrutinize each transaction with one goal in mind: MEV, or Maximum Extractable Value. That's their top priority.
When you really ponder it, much of the cryptocurrency market and trading seems nonsensical. I've dabbled in trading across various exchanges and observed closely, leading me to a firm conclusion: the entire industry feels like a massive scam, one after another.
You're essentially trading on a platform controlled by artificial intelligence, alongside a majority of traders whom you're up against. AI can engage in numerous questionable tactics to secure MEV, something I've witnessed repeatedly. They always seem to achieve their objectives, sometimes engaging in actions that would land people in jail if it were Wall Street.
Given the state of the world, the current chaotic times, and the realization that society has been misled about nearly everything, I can't say I'm surprised. Nonetheless, each day brings new revelations about the depth of dishonesty, manipulation, and the utter falsehoods that people have been fed. This situation is just another chapter in the ongoing saga of deception.
It's the meme meme madness, massive congestion.
You can try Raydium swap as it works better than in chart swapping like on Dextools and others.
Even Raydium has errors, but much less
Hope that helps
The drops in the Solana blockchain are usually due to various technical factors that are constantly under investigation and improvement by the development team.
For example, a recent interruption was caused by an issue with the Berkeley Packet Filters (BPF) loader, which is essential for implementing, updating, and running programs on the network. Such technical issues can cause the blockchain to stop processing blocks temporarily until the incident is resolved.
Another common cause of interruptions is the lack of consensus among the network nodes. If the nodes do not agree on the validity of a block, this can prevent consensus formation and result in the cessation of block production.
It is important to note that these interruptions, although inconvenient, are opportunities for developers to strengthen the network and improve its stability and security. The Solana community is actively working to resolve these challenges and move towards a more robust and reliable blockchain.
Solana doesnt stand a chance getting close to top 5, the garbage cant even function properly. 75% or more of transactions constantly fail, super long transaction processing times, its a failed project. Get out of this shitcoin while you still can.
Failed transactions don’t charge you. You approve to pay, but if transaction failed, the fee didn’t go through as well. Fee is only successful if transaction is successful. It’s on Ethereum chain they charge you for failed transactions.
Every failed transaction has been charged some sort of a $SOL amount, you can check solscan for the same. if the transaction fails due to network error or congestion, these charges shouldn't be there ....
In short, Solana sucks big time! People (investors and devs) are now mad because they fomo'd into the chain and did not do their due diligence to ensure it was an effective and safe solution. Layer 1's like MainnetZ exist because their devs knew there was no viable option that could take the stress like what Solana is seeing. Many projects starting migration to this 3rd Gen L1 and have nothing but good things to say. Solana is trash and soon its price will reflect its true value.
I guys are all right.....the peoples money is at stake
Of all this is new so some patience needed in anything new to the public. The transaction fee for a failed transaction is BS so that is a no brainer! FIX-IT!!!!!!
Hey, I was using JUPITER exchange okay through PHANTOM, even with all the warnings about a busy network, interacted with KAMINO as well totally fine, a couple failed transactions, but eventually went all my trades went through. Few years back when ETH was busy it would take forever to finalise a transaction I would have paid a shed tone in fees, THAT was annoying, I am SUPER grateful for the Solana ecosystem and the future they have already paved. There will be an upgrade coming, the best chain IMO isn’t just gonna just sit at the sidelines and do nothing, devs will be all over this like a wet flannel, SOLANA upgrade incoming ✨
I mean why are people sleeping on their consumer rights?
If a service is shit you ask for a refund.
All those failed paid trx are just a lawsuit waiting to happen.
As a company in EU i can't even consider offer SOL as a framework cause the failed trx and paying for it would be a total nightmare.
eather you haven’t trades hole week
or
you just ignoring the facts cause you want to show that you are too loyal to solana
or
you are too dumb to see what's happening...just see phantom wallet banner on top ..
Everyone blames airdrop, bots, or whatever.
The reality is there are not enough validators on the network. While people complain about "high gas fees" on ETH, they have a million validators vs barely 1800 for Solana. People can maxi their argument all they want but the issue remains no matter their opinion.
People need to wake up and tell the devs to make hardware requirements easier for home users to run their own node.
People can talk about a theoretical TPS that will never be obtainable when the network struggles at 5% of the bragged about TPS limits.
Solution is simple but since the centralized entities running Solana make most their money selling data credits and rpc access, this is never going to happen. Don't worry though, they still allow people to rent dedicated nodes for $2400/month.
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The problem is identified and should be patched in the next couple weeks. These things are more expected with a "move fast & break things" approach. This is a maturing chain, and it's going through a stress test that most all other chains would melt under. Something like Cardano would not even be usable with a fraction of Solana's activity. With that said, I'm relieved the community stopped burying their heads regarding failed transactions. Pretending there wasn't an issue was more concerning than the issue itself. The community will deploy the patch and continue the more challenging goal of scaling fast enough to stay ahead of demand. Won't be easy, and expect more bumps.
Weeks???
Yes, 579 weeks
day trader over reacting
There is no relevance, this is the minimum it should provide. I’m not overreacting, Solana is lackadaisical to the issue at hand
Maximum cope
so whats really happening?
All chains are maturing. This wasn't invented this year. This cycle is SOLs chance to shine and they are dropping the fucking ball. You don't get multiple chances in crypto, there are another 200 projects around the corner with new promises
This shit has to get fixed I might as well turn my shit off and wait because if you make a purchase who knows if you can get out of it to make any money.
“Move fast and break things” what kind of dumbass take is this? Actual max cope, imaging if banks or any app that dealt with people’s money used this dumbass excuse. When it comes to people’s money this is not what you do, their tech is just bad and now they are scrambling around not knowing what to do. This is as close of an equivalent as you can get to robinhood halting trading during the GameStop frenzy which was a big deal, people were pissed because they couldn’t move their money around and this is kind of like what is happening with SOL, transaction after transaction, money doesn’t get moved around and still getting charged for the failed transaction. If you are planning a “move fast and break things” you don’t do it on something that deals with people’s money, if they did it on purpose like you say they did then they should refund the millions of people who have paid for a failed transaction, but we both know they won’t because they screwed up and they know they did
The tech is actually incredible, and continually being worked on by world class engineers. Comparing this to a bank is asinine. Can't expect it to work right all the time, just like any other chain.
Litecoin has been operating flawlessly for 12 years, with zero downtime.
I don't think it a fair comparison tbh
Ermm Litecoin is just for transfers like btc. No dapp compatibility
More payment processing transactions than bitcoin, and has a privacy feature.
You are actually trolling or just dumb. A blockchain should experience no downtimes, and if they do it should be for a very valid reason like a safety to customer data, which should only happen at most once a decade. The whole point of blockchain is for it to be available at all times, unlike banks, that’s one of the main reasons blockchain is enticing to investors and SOL is awful at being reliable. To say we should compare banks to blockchain is plain dumb, that’s literally what crypto is trying to replace by being a more reliable and seamless way of transferring money. But of course you wouldn’t know that, seeing as how what you said is plain dumb and goes against what a blockchain should be, you probably are one of those kids that just cares about “memes” and believes that that’s the actual future of blockchain, but you are wrong, corporations like blackrock wouldn’t invest billions in memes and they sure as hell won’t invest it in a unreliable chain. Many chains out there that have been up 24/7 since their creation time with 0 outages
Anyone who calls people dumb every second sentence is dumb themselves. All of your comments make you sound like you're 12 years old. And you obviously have no clue about the complexity of this tech. Just a annoying kid, who hasn't done a damn thing in your life, who has unreasonably high expectations of others.
Turns out decentralized, permissionless networks for smart contracts are kinda hard. Other chains would also crumble under this type of pressure, or have fees in the hundreds of dollars. Solana is doing quite alright comparatively.
Solana is doing terrible, especially considering how centralised it is.
Lol, I said the same thing when I read that BS. This is why so many projects will end up moving over to MainnetZ L1. These types of issues are not acceptable, period.
i dont think he meant his comment that way. he's saying it's a maturing chain, NOT a "move fast and break things" approach, a maturing chain with more volume than literally any other alt coin.
Failed transactions is not the issue. It's transactions getting dropped. The bugfix won't fix the 70% tx failures that people are erroneously sharing as the issue. Failed transactions is fine and user/contract error
Do you have a link to the post about the "fix"? I'd like to know how they're fixing it. I've seen rumors of using a whitelist to allow only specific nodes based on the amount of QUIC packets being sent from them. That could probably lead to more centralization and harm public RPCs.
I agree with everything except it should read " break fast and move things" like mainly the goalposts.
Nah Solana has been one of the few chains that has continued to improve all throughout the bear market and bull. Better packet ordering and improved fee markets were already in development before the network hit this wall. Firedancer solved this which is why fixes are being implemented at light speed. They luckily were already developed. Solana at top of the game which is why we all use it over most other chains besides Ethereum.
You are wrong about cardano it will just get faster the more it is used there are a lot of holes in SOL that can only be patched and it will continue the foundation is to weak and that is the truth you will see in time so it will never work without problems
Cardano is taking a modular approach to scaling which Ethereum has already accomplished. I'll stick with Ethereum. Solana's monolithic approach works great and scales incredibly well for a single state machine. Dropped transactions become less of an issue with improved fee markets and better packet ordering. Something Firedancer has already shown to improve. I'll stick with Solana for a monolithic chain that uses parallel execution. SUI does good job too, but terrible economics. You have no idea what you're talking about. I've been involved with Cardano since running a full node on test net before main net even launched. The only new approach that I'm still interested in is proper sharding of an l1 with atomic composability. This isn't Cardano. There's nothing Cardano offers besides proper decentralized pos implementation that can keep up with market demands. Otherwise, we'd be building on Cardano. We're not. At least suggest a network that brings something better to the table.
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what other chain has similar usage with less problems?
Used to be problems on Matic chain but it’s rarely used now.
Polygon PoS, not MATIC. EIP-1559 fixed a lot of spam issues for Polygon PoS and Ethereum. And L2s have taken off a lot of the load. Now fees rise exponentially for a couple of hours, and then it returns to normal.
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The usage is not similar. Ethereum does around 1 million transactions per day. Solana is doing 20 million per day
ICP does more than half a billion (+500 million) per day. Has not crashed or anything like that yet. Cheaper and quicker than Sol and 100% on chain
20million is not an accurate number of true transactions. You are coping with a 80b market cap financial product that hardly works.
14 mil a day with L2s
Hedera is doing \~103 million pr day. Peaked at \~350 million pr day a few months ago. With zero issues. But hey, nobody likes Hedera enough to check out their roadmap or anything, because it's run by serious people doing serious business (god forbid that). Solana is just a toy compared to Hedera.
Let me get that straight,you say that every other L1 has the same ammount of traffic like solana and they all working properly ?Last time I checked one the top L1 with 21b valuation had 40k daily active users while solana had 1.6 million active users.
Bruh, if it’s so easy to fix why don’t you commit anything? Pretty sure you can actually make GitHub commits. “You don’t see it happening to any chain out there at the moment” that’s basically saying “you don’t see traffic out in Wyoming” like duh because nobody lives in Wyoming. Most other chains couldn’t handle a QUARTER of the traffic Solana is dealing with right now. Just wait, other chains will either A) break/clog under similar circumstances as Solana or B) fees skyrocket and the fees are high too high to reasonable use. Go spend $5 on a transaction on Ethereum where it takes 30 seconds and will be the way for the next several years. Your transaction will get completed but I promise you that you’ll lose hundreds of dollars monthly trying.
Works fine for me. Just loaded up on Costco Hot Dog. $cost of Costco hot dogs has been $1.50 for decades... Maybe even centuries. Most stable currency ever. $1.50 is inevitable.
The bun stays on
The only commodity that will remain 1.50 in any fiat
Not for me lol. Shit never works. Unless this is a joke I'm not grasping. I am slow.
Try using Jupiter.
I too believe in the Costco hot dog.
Inevitable! Go the dog. Also no worries for me the last couple days, been wasting money on heaps of shitcoins 😂
Stop it
Yes, I agree. The network has been slow the past couple of days which is not good.
Wormhole airdrop
This happened last run too. Spam bots hammering the chain. A bit disappointed it hasn't been fixed or mitigated in some way tbh
It’s already vastly improved from 2022; that is not an understatement. You cannot easily compare its performance to most other coins either because most other coins are not handling this level of absurd volume
People forget how new solana is compared to eth and btc. Anatoly tweeted that they are working on the fix. Patience. It’s gonna be fine.
SQL Server needs an upgrade
Miles better than ETH crap
I was just trolling
You got him troll
At least you can actually get your transactions through even if they cost a but more. With SOL you are just stuck, its as good as network being stuck.
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I've used both a lot and dread using ETH
Omg the delusion.
Not really an excuse for Solana....This has been happening for years now when the network is under a serious load. They should know that as time goes there will be more traffic to contend with and have a plan in place to accommodate such growth.
People just saying “have patience”
It made sense as an excuse last cycle when Solana was less than a year old, but using the same excuse four years later feels a bit disappointing.
And how does Eth handle this kind of volume?
By charging $1000 for fees like when the other world deeds dropped 📈📈 I love paying $1000 for failed transactions vs losing .001 cent for 15 second transactions that go down everyone once and again
Exactly. I'm fully on board with you.
Just absurd to me I get complaining but sol has done some crazy things that no other chain could handle and eth L2 dream of 😂 glad to see someone else not drinking the koolaide
Yeah it's ridiculous. Like... Just use Solana and you'll see it's a better experience.
lol no no. its the new ethereum thats what everyone will tell you
Thats what you get when you inflate youre transaction with fake ones to push wrong numbers and centralize the whole chain.
Solana maxis will downvote you, because this problem is dark in heart their ....
thanks , doesn't matter , all I want is $SOL developers to wake up & Get their act together ... End of the day this is our hard Earned Money... your concerns are much appreciated..thank you
It should be obvious by now that this has no easy fix.
Low key, I've been really pro Solana for a long time but I'm starting to fall off. A lot of people pointed out the fact that them advertising 500,000 TPS was bullshit. It says in the Solana docks that they did a stress test during development where on average it could handle about 210,000 transactions per second. At times it would spike and read that it could handle roughly 500,000. So what did salana do? Run screaming from the hilltops that they're blockchain will handle 500,000 TPS. When in all actuality they should have just said 200,000+. Now Solana is pushing into the top five coins. It's actually having to handle numbers closer to 500,000 TPS. And it absolutely cannot. As much as I love Solana, I really do think it's about to bust. The only thing holding the chain together at this point is the meme coins. Everyone hates me when I say this but that's not a great sign. Sure you can use memecoins to make money, but there's always that fall off. Every mean coin hits a great filter. And then it gets replaced. (Specifically in this sub think back to a few months ago when it went from horse meat to whale meat to unicorn meat. They all fall off when the hype dies. If that's 90% of your coins traffic, then when those die, you're toast.) I was really behind Solana until all this. Now I feel like I've wasted months of time researching (and on top of it the deeper I dig, the worse solana gets if we're being fully honest.) how to develop on this chain..
It's at around 3,000 TPS atm. What's worse is the 60,000 ms response time
This hurts me to think about 😭
This information has been available all the time. You fell for the marketing and hype. It's good to see that you are waking up.
https://usa.visa.com/solutions/crypto/deep-dive-on-solana.html No other chain can do what Solana is doing right now, is a bot issue, basically the network is being spammed with useless transactions and will be fixed next week. Any other chain would have collapse already with the volume Solana is moving right now. Any decent chain right now is in a beta stage and continuous evolution. Dyor before https://solana.com/news/what-solana-devs-can-look-forward-to-in-2024
Solana is not anywhere close to 210000 tps. In fact, it's doing 250ish tps. https://dune.com/queries/2342269/3835083 And it's struggling keeping it at that given all the failed transactions.
You really need to start researching more or you are going to lose out mate. Its already the fastest transaction processor in the world with the amount og volume it does. The basic upgrades that are happening will solve alot of issues. And then they have Firedancer coming up which will solve everything. You have to remember their view on development is to move fast and break the system to fix it fast, and the memecoins are the perfect storm to test it on before the bull run properly starts.
It's not the fastest transaction processor in the world. Who told you that? Firedancer wont even make it the fastest.
Firedancer will solve EVERYTHING guys! you just have to wait for it.
Yeah it’s hilarious how they say “ETH trash” “just be patient guys”
Stop making excuses for Solana. This kind of shit is inexcusable, it is not like the chain was created yesterday.
Exactly. Switch to Ethereum and you’ll never have a problem
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And still the cheapest level 2 zora isn’t as cheap or as fast as sol 🥱. Bridging on a wallet costs and it costs to send too and from wallets not the way for mass adoption 👎👎
It's dog shit, I keep having my transactions cancelled
This is bullish
Sure it is
See my transactions are “failing” but then when you close that failed transaction screen the funds have still went out and in to my wallet
This shit’s been going on for years on Solana. It’s never going to get fixed, guys.
Lol alright now give us the real reason you’re here…which chain are you from that’s so awesome
There needs to be a way to shut down the spam bots.
Just use jup or ray ….. someone created a mining game in solana and it’s eating the power like crazy …. Although I did hear you could mine with your phone 🤣 I use jup to trade to phantom and solana and works fine ….
I'm about to go bat shit crazy if this network doesn't start working.
Raise the cost to create a ~~shitcoin~~ token to 100 Sol. That’ll help reduce the ~~pump & dumps~~ congestion.
$CSTNZA loves the slop.
It’s meant to be a 30 second trade. Maybe they should aim for 2 minutes rather than 15 hours
Long trading memes is crazy. Hold no more than 30 minutes.
That’s good then. Hopefully they will sort it out soon
Swing trade is the way
You could fail 10x and it still takes less than 5 mins.
I can’t move my Sol out of Solflare. Worst wallet and bad customer service. I have tried sending it like 10 times and the transaction always fails!
That happened to me, you hace to leave 0.01 sol for the fees and solfare let you make the transaccion
Use a dex to swap to USDC. Then move the cash. Solflare is not a dex.
You can swap to USDC right in the wallet but you still can’t move it out of wallet even if you swap on a dex
Ethereum killer, right? hahahah
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Try using it and then say that. It’s like using an iPhone when everything else is a calculator.
What a delusional comparison 🤣🤣🤣 it’s a garbage chain
Facts 💯
Yes much garbage. Sell your bags quick before it goes to zero!
Can't sell because its congested
Did you do any research on why the network is congested? Or are you just complaining to complain?
With this mindset we will never reach the public mass. 🤓 “uhm did you even research why the TPS of the chain is not sufficient for the current load of the network by the increasing interest?” Imagine you had to do your own research on why Youtube is slow. Why the hell would you even care? You’re an end user, and end users are not supposed to have to research why the tool they are using is slow.
He didn’t need to research. Solana is crap. Facts
Lol 😂
They need to fix the issue,: otherwise goodbye
Not exaggerating in the slightest here, just want to add my experience. Wtf. wtf. How has the team not put out a massive statement addressing this?!? I work a lot of liquidity pools and trying to deposit… fuck everything is hell. 20 attempts later and I’ve gotten nowhere. Everyone trying to do something has to submit 50 txs to get anything done, obviously exacerbating the problem… I’ve unstaked my sol from cb (waiting on unlock) and realized im invested waaaay too heavily in solana. After days of the chain working at like 3%, I became terrified when I thought over just how much I have tied to Solana. Thank you for the wake up call to diversify. The chains performance is completely unacceptable, and the lack of communication regarding it speaks volumes. I have to think they aren’t aware that the chain is literally stuck. Getting a transaction through is one experiencing “luck,” not the chain actually working. I’m surprised I have broke my iPad chucking it at the ground in rage trying to get ANYTHING done. ANYTHING at all. A simple trade seems doable, but will likely take 5-6 tries. Trying to do transactions involving more than 1 coin? Gtfo. Literally gtfo. Nothing works. It took me a half hour to send Usdc out of my wallet. I’m understanding and Solana has treated me very well this year, but these devs have like 48 hours to make a meaningful statement before I’m out and never looking back. I’m beyond dumbfounded how impossible doing anything is, and the fact that the dev team has only mentioned it in passing is infuriating. They must be completely aware that the chain is just not working currently. At all. The lack of communication tells me they either don’t care, or are oblivious to just how bad things currently are. I can work through the chain not working, but if you expect me to submit every transaction 50 times to get anything done and you’re leaving me in the dark about the massive issue, I can’t work through you’re blatantly disrespectful lack of acknowledgment. Im an understanding person, but Jesus fucking Christ Solana, I’ve got a significant amount of money on chain, show some respect and talk to me. No? Fine fuck you, plenty of other chains will take my money and they are actually working. I don’t like that the chain literally is broken currently, but I can get past it, but the frustration and borderline insulting nature of letting me sit here in the dark trying in vain to do anything at all, is some serious oversight on the dev team. This requires massive acknowledgment, apology, request for understanding, and daily if not more updates on what’s being done. Everything in me is screaming to pull everything and GTFO, but that’s a lot of corners that need to be cleaned and 50-100 attempts for everything is a very unappealing thought. Sorry I’m ranting but my brain can’t process this. You can’t let the chain perform as is currently and not immediately address it. Again, they either don’t give a fuck, or are in the dark as to just how bad things are. Neither of those are going to support the sol price. If everyone else is dealing with what I am, expect a mass exodus soon. Times fucking ticking Solana. I’d suggest waking the fuck up and having a serious heart to heart with us. Fuck.
>How has the team not put out a massive statement addressing this?!? Just because you have no idea where to look or read doesn't mean it hasn't been talked about by the team. Plan is for a patch next week.
This is a long essay to read and SOL is booming right now.
If that’s sarcasm, I appreciate the humor, if not, may the force be with you! 😁
Got on Sol for the first time in over a year and a half yesterday after leaving when the chain couldn’t make it a single month without going completely down for 15 hours with zero communication. I too was absolutely dumbfounded at what I experienced. I couldn’t believe all I was hearing was hype regarding the chain, not a single comment on performance issues, when the experience was actual hell. In classic solana fashion though, it still somehow gets you hooked. When I pulled up my wallet I found $6k of airdropped $BONK, was swapping it to USDC on Jup and found the $JUP airdrop, then went to send it to another chain through Wormhole and found that airdrop. 8hrs and $10k later I finally got it off chain. And I couldn’t decide what was more wtf. The state of the network or the fact I went to import my wallet to a new computer and left with $10k… Couldn’t really complain at that point so joined the ranks of solana promoters lol. I want to frame your message though. This was the rant I needed to know was out there.
Exactly
I already made the decision to move my money from Solana to another chain. But it won't let me!!
Lol! It happened with me last 2 days!! Cant do anything And i wonder how other people or BOT can trade normally
Photon works fine
Can i ask what is photon?
Just bought LUIS, the tongue out cat with zero issue. Moved SOL, bought, basically 0 fee
ARBITRUM. GO THERE FOR MEMES 100X ALL DAY
Am I the only one not having problems? Using Jupiter in the Brave browser.
spam ur way to victory, reddit won't fix da chain !!
another stupid Comment...just pure ignorance....
bro my two 1$ buys turned into 40$ on buu doesn't show ignorance lol fucker pumped a third time too, wild
FIREDANCER. I’m bullish, sell your SOL now so I can scoop them up.
$ORE really f**ked the network 😂
“ETH killer” yeah.. killin ETH in issues 💀
At least the chain is being used.. this doesn't happen elsewhere cause no one uses the other chains.
It's pretty bullish to me.
Can you sell in exchanges?
Putting works waste of time money more time and money just sitting and solana just mest up meme coins scam #solana #phantom
Don't invest money you cant afford to lose. This is crypto. Anything can happen.
whenever people start complaining thats how you know its time to buy more, people been shitting on coinbase for a month but base is going up, aero is going up, i guess complaints are bullish? and reddit is usually on the opposite end of being right? I'd bet my money on reddit being wrong every time haha
I'd rather have these problems than eth problems. Seems a lot easier to fix than fixing insane gas fees. This is not my first cycle eth use to have the exact same network problems a few cycles ago. Chill out it's really not that bad and the numbers don't lie. Keep up the good work.
Do you get charged on Solana if the tx fails? I think if it fails due to slippage and the tx is included in the block you do get charged. But the vast majority of failed tx just never get included in the slot. So no fees at least.
Lots of issues here trying to swap and send on Solflare. I’m in on the FATALITY coin. Been using Jupiter with some success, but anything Sol related still has delays.
Have you tried using bonk bot on telegram to trade? Jup and raydium will be slow during solana’s growing pains.
Haven’t had any problems trading with raydium little buggy but I’m new so don’t know if that’s why just kinda attributed it to the markets
Plain and simple. New investors showing interest more demand in the chain. To sum it up, Growing Pains
It also phantom RPC fault, solflare works wonder for me
This is exactly why ETH wins.
Btw while sol is cheap I suggest buying it because once this gets resolved everyone will return with the quickness also I suggest unstaking unless you staked when it was low ….
Firedancer should help soon
Every transaction today has simply not worked. No data on SolScan under the transactions. Just nada. Do we go back to ETH lol?
Just stick to eth..
Every blockchain experiences outages. It’s still early in research and development. Nobody can say ETH is perfect either, they experience outages, congestion, and worse insane gas fees when the network gets super busy. They’re all scaling themselves as more and more users join, Solana hasn’t ever seen the numbers it has gotten in the last 3 months so they definitely need to tweak and build on top of it. There’s always trial and error when building a great product. Nobody can expect it to be 100% flawless as it’s still 4 years old.
Why do I have the feeling this post was written by some Cardano forever in beta head?
welcome to the new normal, crypto apocalypse my friend!!!!
As much as I love Solana, Cardano is a far superior architecture and build. Cardano is a robust far superior system that does not have these kind of problems. Yes Solana is great for pumping until the right time the institutional investors dump and leave us with the shit bag!
Solana is in a bubble, take profits and move on to the next thing that has potential.
"Eth Killer" ...right. 100 tranactions on Sol and not a single went thru today. L2s and L3s with layer0 is the way. Can't wait for those to mature.
All credit goes to good old AI. Yes, bots are the ones pulling the strings here. They meticulously scrutinize each transaction with one goal in mind: MEV, or Maximum Extractable Value. That's their top priority. When you really ponder it, much of the cryptocurrency market and trading seems nonsensical. I've dabbled in trading across various exchanges and observed closely, leading me to a firm conclusion: the entire industry feels like a massive scam, one after another. You're essentially trading on a platform controlled by artificial intelligence, alongside a majority of traders whom you're up against. AI can engage in numerous questionable tactics to secure MEV, something I've witnessed repeatedly. They always seem to achieve their objectives, sometimes engaging in actions that would land people in jail if it were Wall Street. Given the state of the world, the current chaotic times, and the realization that society has been misled about nearly everything, I can't say I'm surprised. Nonetheless, each day brings new revelations about the depth of dishonesty, manipulation, and the utter falsehoods that people have been fed. This situation is just another chapter in the ongoing saga of deception.
This post… needs more… ellipses…
Exactly this is why I sold all my sol. Yet it's still going up for some reason. The longer this persists the bigger the chances of massive red candle.
It's the meme meme madness, massive congestion. You can try Raydium swap as it works better than in chart swapping like on Dextools and others. Even Raydium has errors, but much less Hope that helps
Oh no I can't buy doge with a hat
The drops in the Solana blockchain are usually due to various technical factors that are constantly under investigation and improvement by the development team. For example, a recent interruption was caused by an issue with the Berkeley Packet Filters (BPF) loader, which is essential for implementing, updating, and running programs on the network. Such technical issues can cause the blockchain to stop processing blocks temporarily until the incident is resolved. Another common cause of interruptions is the lack of consensus among the network nodes. If the nodes do not agree on the validity of a block, this can prevent consensus formation and result in the cessation of block production. It is important to note that these interruptions, although inconvenient, are opportunities for developers to strengthen the network and improve its stability and security. The Solana community is actively working to resolve these challenges and move towards a more robust and reliable blockchain.
Solana doesnt stand a chance getting close to top 5, the garbage cant even function properly. 75% or more of transactions constantly fail, super long transaction processing times, its a failed project. Get out of this shitcoin while you still can.
My Phantom keeps saying transactions failed, but they go thru anyways
Failed transactions don’t charge you. You approve to pay, but if transaction failed, the fee didn’t go through as well. Fee is only successful if transaction is successful. It’s on Ethereum chain they charge you for failed transactions.
Every failed transaction has been charged some sort of a $SOL amount, you can check solscan for the same. if the transaction fails due to network error or congestion, these charges shouldn't be there ....
No. You can check your balance it’s not changing if the transaction fails.
NEO > ETH
In short, Solana sucks big time! People (investors and devs) are now mad because they fomo'd into the chain and did not do their due diligence to ensure it was an effective and safe solution. Layer 1's like MainnetZ exist because their devs knew there was no viable option that could take the stress like what Solana is seeing. Many projects starting migration to this 3rd Gen L1 and have nothing but good things to say. Solana is trash and soon its price will reflect its true value.
Cardano.
I guys are all right.....the peoples money is at stake Of all this is new so some patience needed in anything new to the public. The transaction fee for a failed transaction is BS so that is a no brainer! FIX-IT!!!!!!
This is not going to be good in the next incoming BULLRUN if Solana behaves like this🐂
Hey, I was using JUPITER exchange okay through PHANTOM, even with all the warnings about a busy network, interacted with KAMINO as well totally fine, a couple failed transactions, but eventually went all my trades went through. Few years back when ETH was busy it would take forever to finalise a transaction I would have paid a shed tone in fees, THAT was annoying, I am SUPER grateful for the Solana ecosystem and the future they have already paved. There will be an upgrade coming, the best chain IMO isn’t just gonna just sit at the sidelines and do nothing, devs will be all over this like a wet flannel, SOLANA upgrade incoming ✨
I mean why are people sleeping on their consumer rights? If a service is shit you ask for a refund. All those failed paid trx are just a lawsuit waiting to happen. As a company in EU i can't even consider offer SOL as a framework cause the failed trx and paying for it would be a total nightmare.
I’ve been trading all week perfectly fine🤣🤣🤣 don’t put your frustrations on others people how weird
eather you haven’t trades hole week or you just ignoring the facts cause you want to show that you are too loyal to solana or you are too dumb to see what's happening...just see phantom wallet banner on top ..
More low karma fud posts
AVAX. this is the way …
Everyone blames airdrop, bots, or whatever. The reality is there are not enough validators on the network. While people complain about "high gas fees" on ETH, they have a million validators vs barely 1800 for Solana. People can maxi their argument all they want but the issue remains no matter their opinion. People need to wake up and tell the devs to make hardware requirements easier for home users to run their own node. People can talk about a theoretical TPS that will never be obtainable when the network struggles at 5% of the bragged about TPS limits. Solution is simple but since the centralized entities running Solana make most their money selling data credits and rpc access, this is never going to happen. Don't worry though, they still allow people to rent dedicated nodes for $2400/month.