Coinbase CEO Brian Armstrong introduced that the alternate has resolved all pending Solana transaction delays—a response to rising consumer frustrations over gradual processing occasions.
On Jan. 22, he shared the replace on the social media platform X, confirming that Solana transactions are actually functioning as anticipated, with canceled transactions eligible for retries.
Armstrong wrote:
“Now we have the Solana backlog triaged, and transactions ought to generate rapidly once more. In case your transaction acquired canceled you’ll be able to retry it now – apologies for the difficulty.”
Armstrong acknowledged the inconvenience attributable to the delays, emphasizing that Coinbase should enhance its infrastructure to help Solana’s ecosystem higher.
He highlighted plans to boost the alternate’s capabilities for dealing with decentralized alternate (DEX) and memecoin buying and selling, that are frequent on Solana.
Moreover, Armstrong said that Coinbase goals to raise its help for Solana to match the precedence given to Bitcoin, Ethereum, and Base. He said:
“Our purpose is to offer tier 1 help for Solana, with the identical degree of help as Bitcoin, Ethereum, and Base (which additionally noticed delays lately attributable to giant surges of exercise btw).”
Coinbase’s Solana historical past
Solana, identified for its quick transaction speeds, has confronted recurring points on Coinbase, notably throughout spikes in buying and selling exercise.
Over the weekend, elevated demand linked to Donald Trump-themed memecoins brought about widespread congestion throughout the Solana community. Key companies like Phantom, Jito, and Jupiter additionally reported disruptions as a result of surge in exercise.
Nevertheless, these challenges will not be new to Solana customers counting on the Coinbase alternate. Beforehand, customers reported transaction delays of as much as 45 minutes, which Coinbase attributed to pockets upkeep or network-related points.
Current delays have been even longer, with studies of transactions taking up 21 hours to course of. These prolonged wait occasions have sparked considerations in regards to the alternate’s operational effectivity and talent to handle high-volume intervals successfully.
Regardless of the setbacks, Armstrong described the elevated exercise as an indication of development for Solana’s ecosystem. He reiterated Coinbase’s dedication to enhancing help for the community, guaranteeing a seamless expertise for customers throughout occasions of excessive demand.