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Fantom (FTM) Founder Andre Cronje Shows Support for Solana Amid Network Congestion Issues

by Rhodilee Jean Dolor
April 8, 2024
in Altcoins, Blockchain

Fantom (FTM) co-founder Andre Cronje says the Solana (SOL) network is a victim of success as the smart contract platform faces criticisms due to congestion issues.

In a post on social media platform X, Cronje says that Solana’s recent outages are only because of its rising user activity and popularity.

“Seeing a lot of ‘I told you so’s’ against Solana, because *checks notes* Solana currently has so much demand for blockspace that they need to optimize some bottlenecks (which also by the way, is just an engineering hurdle and not a fault of consensus or any critical component).”

Solana went through a period last week when over 70% of its non-vote transactions failed, prompting the network’s co-founder Raj Gokal to assure users that developers were working on the issue. 

“World-class engineering teams are working around the clock to push fixes to improve the experience of submitting transactions on Solana. I am messaging them multiple times a day asking how it’s going, and they tell me this is a very helpful way to contribute to the solution.”

Solana co-founder Anatoly Yakovenko also shared his thoughts on the network’s technical woes, saying there’s no fast and easy way to fix the congestion problem.

“Dealing with congestion bugs sucks so much more than total liveness failure. The latter is one and done – [the] bug is identified and patched and [the] chain continues. The former has to go through the full release and test pipeline. Shipping fast is impossible.”

After hitting a low of $168.07 last week, SOL is now trading for $178.01.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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