Solana recently encountered a significant challenge with an unprecedented number of transaction failures. On Apr. 5, the network saw over 75% of its transactions fail, highlighting a critical issue for a network that has rapidly become a key player in the DeFi space, handling massive trading volumes. This surge in failed transactions raised concerns about the network’s capacity to sustain its growth and maintain operational efficiency.
Transactions on Solana are categorized into two types: vote and non-vote transactions. Vote transactions are related to the consensus mechanism, essentially votes by validators on the state of the blockchain. Non-vote transactions encompass all other types, including transfers, smart contract executions, and DEX trades. The sharp increase in failed non-vote transactions, with rates as high as 75.68%, points to severe limitations in handling user-initiated activities.
Graph showing the rate of failed non-vote transactions on Solana from Mar. 8 to Apr. 8
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