The network FAILED during this crash. Stuck transactions... People could NOT move coins on #SOL network and some got liquidated because... they could not move their funds to cover for their loan in time... Not the user fault. 👇
It managed to implement the first AMM this year and barely has ANY DEFI ecosystem... Transactions stuck, coins vanishing... #SundaeSwap was a fiasco. This will kill #ETH? LOL... or waiting 6h for a swap... 👇
4/ According to CMC, #ADA (ranked 6th) and #SOL (7th) are the top competitors to #ETH, yet they appear most fragile and unable to scale properly.
Competition is good, but #ETH is so far ahead, it's barely a fair fight. However, there are some good chain out there... 👇
🚨 There is a hidden war on Solana between big players.
Users have no clue, but the consequence of that are endless failed transactions!
There is only so much space available and the ones with the bigger guns win.
Here's what they don't tell you. A thread (1/10). 🧵
2/ Big players on Solana are at war. How?
They DDOS each other for block space priority.
The victims of this war are Solana users. You can't get your transaction confirmed because big players take up all that space for themselves to come on top.
Here's how they wage war. 👇
3/ A specific Solana wallet can be attacked by spamming it from +100 different bot wallets.
You DDOS it every second with the smallest Solana unit = a Lamport or 0.000000001 SOL!