Coinbase CEO Brian Armstrong announced that the platform has resolved transaction delays affecting Solana users, allowing normal operations to resume.
The delays, which caused significant inconvenience, were attributed to an unexpected surge in activity, leaving many transactions stuck in “pending” status for hours. Armstrong acknowledged the disruption, apologized for the inconvenience, and assured users of improved infrastructure to prevent future issues.
An increase in Transactions Led to Backlogs
Earlier this week, Coinbase users reported prolonged delays in Solana transactions, with some funds stuck for extended periods. This resulted in millions in missed opportunities, particularly for users trading memecoins. During launch week, two memecoins associated with Trump added to Solana’s growing popularity, pushing the network to handle more transactions.
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The fast increase in Solana network usage pushed Coinbase beyond its limit and caused slow transactions. On January 19, Armstrong posted a message about the Solana network problems and informed readers that his team was enhancing the network’s capacity to deal with growing user activity.
Coinbase Will Strengthen Solana Platform Support
On the third day, Armstrong reported that all backlogs had been resolved and that trades operated normally. Users who faced transaction failures should attempt again according to company plans for Solana improvements.
Armstrong emphasized the need to scale Coinbase’s infrastructure and provide native support for Solana-specific use cases, including decentralized exchange (DEX) and memecoin trading.
He announced Coinbase’s objective to put Solana on an equal basis with Bitcoin, Ethereum, and Base as a supported network. The recent surge taught Coinbase what parts of its service need additional improvement to help customers more effectively during busy times.
Conclusion
Coinbase’s resolution of the Solana transaction delays marks an essential step in addressing user concerns and enhancing infrastructure. With plans to bolster support for Solana and other high-demand networks, Coinbase aims to improve its ability to handle future surges while maintaining seamless operations.
