• 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

Conflicting Data on Smartphone Shipments Raises Investor Concerns

chest

Conflicting reports on smartphone shipments in China show a 128% increase attributed to Apple, while other sources report a 47% decline, raising investor concerns.

user avatarJesper Sørensen

Winslow Strong Executes Massive Crypto Transfer to Coinbase

chest

Winslow Strong has executed a massive transfer of $326 million in digital assets to Coinbase, raising questions about market sentiment and liquidity strategies.

user avatarRajesh Kumar

Grayscale Partners with CoinDesk to Enhance Brand Visibility

chest

Grayscale has partnered with CoinDesk to sponsor its app, aiming to enhance user engagement and brand visibility across digital platforms.

user avatarLucas Weissmann

Market Cap Disparities Highlight Gaps in Crypto Valuations

chest

In 2025, significant discrepancies between market capitalizations and initial valuations of VC-backed crypto projects have emerged, prompting a reassessment among investors.

user avatarEmily Carter

Repercussions Across the Crypto Industry Due to Valuation Gaps

chest

The crypto industry is experiencing significant repercussions as investors grapple with valuation gaps, leading to a market reset.

user avatarFilippo Romano

Experts Warn of AI Bias and the Need for Decentralization

chest

Experts raise concerns about algorithmic bias in AI chatbots and emphasize the need for decentralized systems to ensure accuracy and impartiality.

user avatarTomas Novak

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.