Launches of Solana projects are postponed due to prolonged network congestion

Crypto News– Intermittent congestion on the Solana blockchain has led to multiple crypto projects delaying their launches. Solana developers have announced efforts to address the issue by April 15th.

Launches of Solana projects are postponed due to prolonged network congestion

Users of the Solana blockchain have reported escalating problems related to network congestion and transaction errors over the past few weeks. As a result, new projects, particularly those intending to launch tokens, have opted to postpone their plans until the technical challenges are resolved.

Some of the Solana projects that waited for congestion resolution included a non-fungible token (NFT) project called Suit Up, altcoin project DuckCoin, and the Solana staking rewards platform Surge Finance.

On April 6, Anza, a software development shop focused on Solana, unveiled its strategy to tackle network congestion with its Solana validator client implementation, Agave.

Preliminary investigations identified problems with QUIC implementation, a transport layer network protocol, as the underlying cause.

Anza engineers, with other core contributors, have been working around the clock to diagnose and remedy bottlenecks and increase network performance. Expect more improvements and changes to roll out over the coming months.

The developers

At the time of writing, users have reported experiencing delayed transactions for Solana’s SOL tokens on the crypto exchange Coinbase.

According to the incident report, Solana has been investigating the issue for over eight hours. However, the issues do not affect the trading, fiat withdrawal, and deposit functionalities.

Cronje attributes the ongoing congestion on Solana to the rapid growth of the ecosystem, which has led to increased demand for block space. He emphasized that these performance issues are technical challenges rather than flaws in the consensus mechanism.