The Solana network is experiencing growing pains due to a spike in user activity, which could lead to several threats.
Tristan Frizza, co-founder and CEO of Zeta Markets, spoke to crypto.news about the recent congestion impacting Solana and the potential threats and solutions that await the crypto industry in the future. Ta.
“Jito’s recent decision to shut down its meme pool service to combat rampant sandwiching attacks that cause users to get worse swap prices shows that this is a major problem for users.”
Tristan Frizza, Zeta Markets CEO
Friza said the Solana blockchain network is experiencing growing pains due to a surge in user activity, creating congestion and attracting attackers, impacting the network's decentralized finance (defi) space and overall growth. It is claimed that it is possible to give
Experts offer several solutions to avoid such scenarios. Frizza believes that the Solana runtime requires further optimization of the order book to prevent overloading the computing environment. A possible solution is to release the long-awaited version 1.18, which addresses the discrepancies in the region's free market.
“To accelerate the development of the Solana rollup solution, this will require sending orders and providing liquidity to L2. This will further alleviate congestion issues on the base chain.”
Tristan Frizza, Zeta Markets CEO
Solana cannot handle large numbers of transactions and often experiences network failures. Last month, the Solana network stopped processing blocks. Laine, a blockchain software developer and Solana validator, revealed that the outage was caused by poor mainnet performance.
Prior to this, in February 2023, the Solana validator restarted the network twice due to an unknown error that caused a complete halt to economic activity.
However, the periodic outages do not prevent the SOL token from hitting new multi-month highs. One of the drivers of growth was the hype surrounding meme coins on the Solana blockchain, which began in December 2023. As a result, SOL's price reached $158 on March 13th, its highest price in almost two years.
