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Fantom CEO Stands Up for Solana amidst Network Issues

Apr 6, 2024

The creator of Fantom, Andre Cronje, expressed his support for the Solana network despite the recent problems it has faced. Cronje, who is recognized as a key figure in decentralized finance (DeFi), believes that the challenges experienced by Solana are a result of its rapid growth and increased demand for block space, rather than flaws in its consensus mechanism. Data from Dune Analytics showed that around 75% of non-vote transactions failed on April 4 as a consequence of the surge in activity due to the popularity of memecoins on Solana.

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