Coinbase CEO points to unexpected massive surge in Solana activity in last few days
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Team is working hard on scaling our Solana infra now - lots of Solana activity last few days, we were not anticipating this level of surge.Biggest Bitcoin Price Test Incoming, XRP Remains Dominant: Eyes For $3.5, 45% Solana Pump Might Be Only Beginning, cited multichain wallet Phantom reporting over eight million requests per minute, resulting in wallet loading failures and transaction issues. Users faced disruptions as the recent meme coin frenzy on Solana drove massive activity.
It is worth noting that the Solana chain has held up despite the massive activity surge and is operational, with 100% uptime. The most recent update from the Solana Status webpage reports all systems operational with no reported downtime in the last 90 days.has reached new highs, fueled by the recent meme coin mania. The price of SOL rose to a high of $294 on Sunday, marking a fresh all-time high.Solana is the fourth-largest cryptocurrency by market capitalization, excluding stablecoins.
At the time of writing, SOL had retraced from its recent highs, down 11.44% in the last 24 hours to $260 but still up 48% weekly. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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