
The “transaction failure” faced by the Solana network is different from typical transaction failures in general blockchain networks. Typically, transaction failures occur because “the transaction has been processed by validators but has not succeeded due to on-chain conditions.” However, according to developer cygaar, the current issue faced by Solana is that there are too many transactions on the network, causing the nodes to be overwhelmed and unable to process every submitted transaction. As a result, some transactions are discarded, and only a small portion of transactions can be successfully processed. Additionally, some bots send a large number of transactions to the network in order to maximize the chances of their transactions being processed, which further exacerbates the network congestion.
Bitcoin Momentum Slows! Leverage Risks Mount as Market Eyes Key Support at $110,000
On-Chain Analysis Company Glassnode ReportsOn-chain analysis company Glassnode noted in it…