• 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

Major Liquidation of MON Position Results in $19 Million Loss

chest

A significant liquidation of a long position in MON tokens by trader 0xccb5 resulted in a $19 million loss due to market volatility.

user avatarElias Mukuru

Binance Founder CZ Discusses Bitcoin Price Decline

chest

Binance founder Changpeng Zhao discusses the decline in Bitcoin prices, emphasizing the importance of investor psychology and strategies for buying and selling during market fluctuations.

user avatarDiego Alvarez

Stablecoin Integration Promises Surge in Institutional Investments

chest

The integration of stablecoins in Hong Kong's crypto framework is expected to attract more institutional investors.

user avatarMaria Fernandez

TAO Retests Strong Support Ahead of Upcoming Halving

chest

Bittensor's native token, TAO, is currently retesting a significant support level as it approaches its halving event in December 2025.

user avatarKenji Takahashi

Weird Coin WEIRD Launches on BNB Chain

chest

Weird Coin WEIRD has officially launched on the BNB Chain through a fair and permissionless deployment on Fourmeme.

user avatarGustavo Mendoza

Ethereum's Focus on Layer 2 and Deflationary Strategies

chest

Ethereum is implementing deflationary strategies and scaling advancements through Layer 2 solutions, expected to enhance its market position by 2026.

user avatarRajesh Kumar

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.