The decentralized finance (DeFi) crypto project Solana (SOL) has experienced a significant surge in investor interest, propelling the native token to rally to new heights, with meme coins launching on the platform also garnering significant attention.
Amidst this surge in interest, on-chain data indicates that the Solana network is currently experiencing severe congestion, with significant implications for transaction processing and network performance.
In particular, data shared on X (formerly Twitter) on March 17 by Dagnum_PI pointed out that the average ping time on the Solana network is reported to be between 20-40 seconds, indicating delays in communication between nodes. The metrics recorded on March 16 generally impact transaction confirmation times and overall network responsiveness.
Solana average ping time as of March 16. Source: SolScan
Additionally, ping loss is significant, ranging from 30-50%, exacerbating congestion and contributing to transaction failures
We współpracy z: https://finbold.com/solanas-network-hit-with-massive-congestion-will-sol-retreat/
