tl;dr
Coinbase CEO Brian Armstrong announced the resolution of Solana transaction delays, addressing user frustrations. He confirmed that Solana transactions are now functioning as expected, with canceled transactions eligible for retries. Armstrong acknowledged the inconvenience caused by the delays and ...
Coinbase CEO Brian Armstrong has announced the resolution of Solana transaction delays, addressing user frustrations. He confirmed that Solana transactions are now functioning as expected, with canceled transactions eligible for retries. Armstrong acknowledged the inconvenience caused by the delays and emphasized plans to enhance support for Solana, aiming to provide tier 1 support similar to Bitcoin and Ethereum.
Solana has faced recurring issues on Coinbase during spikes in trading activity, with recent delays lasting over 21 hours. Despite the setbacks, Armstrong expressed commitment to improving support for the network.
Armstrong shared the update on the social media platform X, stating, "We have the Solana backlog triaged, and transactions should generate quickly again. If your transaction got canceled you can retry it now – apologies for the trouble." He emphasized that Coinbase must improve its infrastructure to support Solana’s ecosystem better and highlighted plans to enhance the exchange’s capabilities for handling decentralized exchange (DEX) and memecoin trading, which are common on Solana.
Additionally, Armstrong stated that Coinbase aims to elevate its support for Solana to match the priority given to Bitcoin, Ethereum, and Base, stating, "Our goal is to provide tier 1 support for Solana, with the same level of support as Bitcoin, Ethereum, and Base."
Solana, known for its fast transaction speeds, has faced recurring issues on Coinbase, particularly during spikes in trading activity. Over the weekend, increased demand linked to Donald Trump-themed memecoins caused widespread congestion across the Solana network.
Previously, users reported transaction delays of up to 45 minutes, which Coinbase attributed to wallet maintenance or network-related issues. Recent delays have been even longer, with reports of transactions taking over 21 hours to process.
Despite the setbacks, Armstrong described the increased activity as a sign of growth for Solana’s ecosystem. He reiterated Coinbase’s commitment to improving support for the network, ensuring a seamless experience for users during times of high demand.