Increased Solana network congestion has delayed the launch of multiple projects on the network
PANews reported on April 9 that intermittent congestion on the Solana blockchain has forced multiple crypto projects to postpone their releases, Cointelegraph reported. Solana developers previously stated that they aimed to complete the fix by April 15. Users of the Solana blockchain have reported increasing issues with network congestion and transaction errors for several weeks. New projects, especially those planning to issue tokens, have decided to delay until technical difficulties are resolved.
Some Solana projects awaiting congestion resolution include NFT project Suit Up, altcoin project DuckCoin, and Solana staking rewards platform Surge Finance.
As of press time, users reported experiencing delays in sending Solana (SOL) tokens on the crypto exchange Coinbase. According to the incident report, Solana has been investigating the issue for more than 8 hours, but these issues will not affect transactions and fiat currency withdrawal and deposit functions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MetaMUI moves users to post-quantum security without asset transfers
Market Chatter: Apollo Considers Energos Infrastructure Sale at Over $3 Billion Valuation
Brinker International Targets Double-Digit Annual Adjusted EPS Growth Through Fiscal 2029
UK productivity has been "underestimated"! Growth rate since the financial crisis revised up to 1.3%, nearly double the previous record
A new methodology released by the UK's Office for National Statistics (ONS) on Thursday indicates that the country's productivity performance since the global financial crisis has been stronger than previously estimated, as statisticians found that working hours had been overestimated.
Crypto prices
More
