• 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

Fenwick West Faces $525 Million Lawsuit Over FTX Involvement

chest

A federal lawsuit has been filed against Fenwick West, alleging the law firm played a crucial role in FTX's fraudulent activities.

user avatarDavid Robinson

Ethereum Faces Technical Sell Signal Amid Market Legislation

chest

Ethereum shows warning signs as a new technical sell signal emerges for the first time in months, coinciding with the advancement of the CLARITY Act.

user avatarAndrew Smith

Ethereum Realized Profits Surge Despite Price Decline

chest

Ethereum realized profits have surged to 745.8 million, the highest level in three weeks, despite a 5.5% price decline over the past three days.

user avatarJacob Williams

Ethereum Investors Realize Profits Amid Price Dip

chest

Recent data indicates that Ethereum investors have realized significant profits despite a decline in ETH prices.

user avatarZainab Kamara

Metaplanet Increases Bitcoin Holdings Despite Losses

chest

Metaplanet's Bitcoin holdings rose to 40,177 BTC in Q1 2026, but the company reported a significant loss due to valuation markdowns.

user avatarAyman Ben Youssef

Zcash Surpasses Cardano in Market Capitalization

chest

Zcash has significantly outperformed Cardano, briefly becoming the 11th-largest cryptocurrency by market cap.

user avatarSon Min-ho

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.