The Solana blockchain network faced congestion due to a surge in transaction volumes caused by TRUMP and MELANIA meme tokens.
TRUMP and MELANIA Tokens Cause Solana Network Overload
The Solana blockchain network faced significant congestion as Donald Trump-themed meme tokens, TRUMP and MELANIA, drove unprecedented transaction volumes, causing technical disruptions for Jito Labs, a key infrastructure provider.
Solana's Response and Implications
Jito Labs reported 'severe degradation' in its API due to the load but restored stability following emergency measures. Despite limitations, Solana continued processing blocks, leading to temporary disruptions in transaction processing.
Solaxy: Future Solution for Solana
The Solaxy project offers a solution to reduce congestion and transaction fees on the Solana network utilizing Layer-2 technology. Solaxy also plans to launch an Ethereum-Solana bridge to enhance interoperability.
As Solana's popularity increases, innovative solutions like Solaxy are critical to addressing challenges related to network congestion and high transaction fees.
