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Solana Network Slows Down, TPS Drops Significantly, Here's Main Reason

Tue, 12/14/2021 - 14:30
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Arman Shirinyan
Solana did not go offline this time but had serious problems with transaction processing
Solana Network Slows Down, TPS Drops Significantly, Here's Main Reason
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Solana network has faced another series of problems that slowed down all transaction processing. According to Raydium's official Twitter account, the attempt to launch a liquidity pool did not end well for the entire blockchain.

Failed LP launch

At 2:00 p.m. UTC, the biggest decentralized exchange on the Solana network, Raydium, made an attempt to launch a permissionless liquidity pool on the exchange that would allow anyone to provide liquidity and receive a flat percentage.

Unfortunately for its users, the pool went offline almost immediately due to the spike in spam transactions that led to network congestion. During the congestion, the network failed to deliver its developers' promise to process up to 50,000 TPS.

According to the exchange's official blog, the transaction processing capacity of the network at that exact moment stayed at approximately 1,000 TPS for several hours. Other users on the network have also experienced issues with moving transactions through.

The network has already recovered from the strong congestion and is now picking up the previously set transaction processing bandwidth.

Not the first rodeo

Previously, Solana has also encountered problems with its network's functionality. The mainnet of the blockchain has faced problems with processing transactions due to an "unexpected" transactional volume spike.

Polygon Launches Burning Mechanism Similar to Ethereum's, Here's What It Means

The "Ethereum Killer" went offline for approximately 24 hours after the network forked itself. Developers were also unable to stabilize the network. Solana will become functional again only after validators coordinate the network resurrection and restart the blockchain with the new release.

The community has once again raised numerous concerns about the network's ability to keep up with modern blockchain services and challenges. The network that positions itself as an alternative to Ethereum that has not gone offline for a long time—despite having issues with large fees—went down or had serious processing issues for the third time in six months.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.