The Solana (SOL) blockchain network has continued to experience congestion issues. The network congestion is being caused by high compute transactions and has also affected withdrawals of SOL on Binance cryptocurrency exchange.
Binance issues notice on SOL withdrawal issues
According to a Binance notice today, the network congestion on the Solana blockchain has reduced the throughput of the network to “several thousands of transactions per second.” This reduced throughput has been affecting withdrawals on Binance via the Solana network and causing some transactions to fail.
The Solana (SOL) network is currently experiencing congestion due to an increase in high compute transactions, which is reducing its network capacity to several thousands of transactions per second and leading to some failed transactions for users.
Binance warned that it may pause new transaction requests over the Solana network from time to time to enable it clear backlogs of transactions for its users. Solana
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