Solana is under pressure, from TRUMP and MELANIA memecoins related traffic.
Three interesting graphs (snapshot taken at the time of writing):
1. Mean and median fees are both up significantly.
2. Txn failure rates is at 40%, relative to 20% before the traffic spike.
3. Interestingly, block CU utilization is down and hovering below 20M.
Three interesting graphs (snapshot taken at the time of writing):
1. Mean and median fees are both up significantly.
2. Txn failure rates is at 40%, relative to 20% before the traffic spike.
3. Interestingly, block CU utilization is down and hovering below 20M.
Unlike on Ethereum, congestion on Solana leads to less full blocks, in terms of CU utialized.
This may in part be due to apps over estimating CU utilization, as pointed out below by Mert.
This may in part be due to apps over estimating CU utilization, as pointed out below by Mert.
https://x.com/0xMert_/status/1881096705963110486
Another explanation to this phenomenon is that Solana is bottlenecked by network bandwidth, especially at block proposer ingress.
In Solana, transactions are streamed to pre-selected proposers via Gulf Stream, whereby nodes collecting transactions like RPCs and Jito will stream "supposedly" marketable transactions to the proposer. ("Supposedly" in quotes because ingress txns can very likely be stale especially when the system reaches capacity.)
The graph below shows that the average signer per block has also dropped significantly, suggesting that block propagation and signing are also affected.
In Solana, transactions are streamed to pre-selected proposers via Gulf Stream, whereby nodes collecting transactions like RPCs and Jito will stream "supposedly" marketable transactions to the proposer. ("Supposedly" in quotes because ingress txns can very likely be stale especially when the system reaches capacity.)
The graph below shows that the average signer per block has also dropped significantly, suggesting that block propagation and signing are also affected.
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