Crypto expert warns that the surging popularity of could pave the way for potential threats.
The Solana network is currently facing challenges as a result of increased user activity, posing various threats. In an interview with crypto.news, Tristan Frizza, Co-Founder and CEO of Zeta Markets, discussed the congestion issues plaguing Solana, as well as potential threats and solutions that lie ahead for the crypto industry.
According to Frizza, the surge in user activity has led to growing pains for the Solana blockchain network, resulting in congestion and attracting potential attackers. These issues have the potential to impact the network’s decentralized finance (defi) space and overall growth.
To avoid such scenarios, Frizza suggests optimizing order books further to prevent the Solana runtime computing environment from becoming overloaded. One possible solution is the release of version 1.18, which addresses inconsistencies in local free markets.
The Solana network has faced difficulties in handling high transaction volumes, often resulting in network outages. In the previous month, the network experienced block processing stoppages. Laine, a blockchain software developer and Solana validator, explained that the mainnet’s performance decline caused this failure.
In February 2023, Solana validators had to restart the network twice due to an unknown error that brought economic activity to a complete halt.
Despite these periodic outages, the SOL token continues to reach new multi-month highs. One factor contributing to its growth was the hype surrounding meme coins on the Solana blockchain, which began in December 2023. As a result, the price of SOL reached $158 on March 13, marking its highest level in nearly two years.
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