Crypto: Reliability Loss at Solana with 65% Transaction Failures!

The crypto universe never stops evolving. Among the major players, Solana has until now stood out for its legendary speed. However, a new challenge now threatens its reputation: a transaction failure rate reaching 65%. This situation raises crucial questions about the future of this ambitious blockchain.

The myth of Solana’s speed tarnished

Solana has long presented itself as the fastest blockchain in the world crypto. However, this image is now cracking. Indeed, recent data reveals a much less flattering reality. Every day, only 35% of transactions succeed on the Solana network. Consequently, nearly two-thirds of operations fail, and this failure rate sometimes even reaches 80% on certain days! In other words, only two out of ten transactions succeed.

This situation calls into question the announced performance of the blockchain. Certainly, Solana still boasts impressive transaction speeds on paper. Nevertheless, these figures include failed transactions, thus giving a false impression of efficiency. For crypto users, this reality translates into a frustrating experience and unnecessary fees with each transaction attempt.

The impact on the Solana crypto ecosystem!

This is not the first time that transactions are in peril on Solana, and this high failure rate threatens its entire ecosystem. On the one hand, it deters new crypto users from adopting this blockchain. On the other hand, it could push developers to turn to more reliable alternatives for their decentralized applications.

Even more worrying, this instability could hinder institutional adoption of Solana. Giants like Visa, who are actively exploring blockchain technologies, might hesitate to deploy their services on such an unstable network. The confidence of crypto investors could also erode in the face of these disappointing performances.

Solana is now at a decisive turning point in its history. The high transaction failure rate represents a major challenge for this ambitious blockchain. To maintain its position in the top 10 cryptos, Solana will have to resolve these technical issues. The future of this crypto will depend on its ability to restore user confidence, especially now that Brazil has just approved the very first Solana ETF.