Decoding Solana’s Congestion: A Victim of Crypto’s Own Success
Solana, a blockchain known for its high speed and low transaction costs, has recently faced significant network congestion after its trading volume reached a peak not seen in over two years as of March 15. According to Coindesk, Solana-based decentralized exchanges (DEX) have surpassed Ethereum in trading volume. Solana experienced a significant uptick, reaching US$21.3 billion—a 67% increase, whereas Ethereum DEXs saw a modest 3% increase to US$19.4 billion.
Decoding Solana’s Congestion: A Victim of Crypto’s Own Success Read More »
Solana, a blockchain known for its high speed and low transaction costs, has recently faced significant network congestion after its trading volume reached a peak not seen in over two years as of March 15. According to Coindesk, Solana-based decentralized exchanges (DEX) have surpassed Ethereum in trading volume. Solana experienced a significant uptick, reaching US$21.3 billion—a 67% increase, whereas Ethereum DEXs saw a modest 3% increase to US$19.4 billion.


