• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Fantom CEO's Defense of Solana Amid Network Woes

user avatar

by Giorgi Kostiuk

2 years ago


The creator of Fantom, Andre Cronje, has expressed support for the Solana network during recent transaction problems experienced on the platform. Cronje, known as a significant figure in decentralized finance (DeFi), stated that the network's issues are not due to problems with its consensus mechanism but are primarily technical obstacles.

Despite criticism labeling Solana's ongoing congestion as a flaw, Cronje attributed the situation to the rapid growth of the ecosystem, leading to increased demand for block space. Recent data from Dune Analytics shows that a high percentage of non-vote transactions failed on April 4, which some argue has been misunderstood.

Acknowledging Solana as a victim of its success, Cronje's defense was supported by some community members. They emphasized that while blockchain technology is praised for its capabilities, increased demand that causes temporary user experience problems often triggers negative reactions, even though users desire higher usage.

Solana's CEO, Anatoly Yakovenko, expressed frustrations with addressing congestion bugs, highlighting the challenges in resolving such issues. The network has faced downtime in block production in the past, with previous significant outages occurring in early February 2024. Solana is currently the fifth-largest cryptocurrency by market capitalization, with its price experiencing fluctuations in recent weeks.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coinbase Faces Significant Stock Decline Amid Crypto Market Volatility

chest

Coinbase's stock has dropped significantly due to recent volatility in the crypto market, leading to a downgrade in price estimates by analysts.

user avatarGustavo Mendoza

Coinbase Requests Analysts to Submit Questions Ahead of Earnings Call

chest

Coinbase has requested analysts to submit their questions in advance of its earnings call, a practice not commonly seen.

user avatarRajesh Kumar

Democratic Lawmakers Slam SEC Chair Over Crypto Regulation Issues

chest

Democratic lawmakers criticized SEC Chair Paul Atkins for neglecting crypto scams linked to President Trump during a House Financial Services Committee hearing.

user avatarLuis Flores

SEC Chair Under Fire Over Justin Sun Case During Congressional Hearing

chest

SEC Chair Paul Atkins faced scrutiny from Rep. Maxine Waters during a hearing regarding the paused lawsuit against Justin Sun, amid new allegations of insider trading.

user avatarMiguel Rodriguez

Decline in Bitcoin Profit-Taking Observed

chest

Significant decline in profit-taking on the Bitcoin network reported by Glassnode, with the Realized Profit-Loss Ratio recently dropping to 132.

user avatarMaria Gutierrez

XRP Price Continues Downtrend Due to Investor Behavior

chest

XRP has been in a persistent downtrend since 2025, attributed to a shift in investor behavior and rising losses among holders.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.