The Solana network has been struggling with a considerable failure rate in its transactions, with around 75% of non-vote transactions failing, as reported by Dune Analytics.

This increase in failed transactions has led to frustration among Solana users, who have been expressing their grievances about the failed transactions and worsening user experience.

Despite this, Mert, CEO of Helius and a strong supporter of Solana, disputed the statement that 75% of transactions were failing. He argued that most of the failed non-vote transactions were actually "bot spam," which has minimal impact on users since wallets can mimic and inform users of possible failures in advance.

Mert suggested that approximately 95% of the graph represented failed arbitrage attempts by bots and claimed that increasing transaction priority fees would not solve the issue because the spam activity occurs prior to the scheduling process. Networking patches are necessary to address these problems, and they are expected to be implemented soon.

The recent transaction failures coincide with a significant surge in meme coin trading activity, with launches like Book of Meme and Slerf reaching valuations of hundreds of millions. However, SOL, Solana's native cryptocurrency, experienced a 5.7% decrease in the past week amidst a broader market decline.