The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing.
Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana, however, proponents say the data is being widely misinterpreted.
Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions failed, the highest failure rate on record.
The uptick has been paralleled by a recent uproar from Solana users on social media, complaining of failed transactions and degraded user experience.
