After facing ongoing transaction delays on the Solana network, Coinbase CEO Brian Armstrong has announced that all pending issues have been resolved. This update comes in response to user frustrations over slow processing times, with Armstrong confirming on social media platform X that Solana transactions are now functioning as expected. Users whose transactions were previously canceled are now able to retry them.
Armstrong acknowledged the inconvenience caused by the delays and emphasized the need for Coinbase to improve its infrastructure to better support Solana’s ecosystem. He outlined plans to enhance the exchange’s capabilities for handling decentralized exchange (DEX) and memecoin trading, which are common on the Solana network.
In addition, Armstrong stated that Coinbase is committed to providing tier 1 support for Solana, with the same level of support as Bitcoin, Ethereum, and Base. He noted that recent delays on other networks, such as Base, were also due to large surges in activity.
Solana, known for its fast transaction speeds, has experienced recurring issues on Coinbase during periods of high trading activity. Over the weekend, a surge in demand linked to Donald Trump-themed memecoins caused congestion across the Solana network, impacting key services like Phantom, Jito, and Jupiter.
These challenges are not new to Solana users on Coinbase, with previous reports of transaction delays up to 45 minutes attributed to wallet maintenance or network-related issues. Recent delays have been even longer, with reports of transactions taking over 21 hours to process, raising concerns about the exchange’s operational efficiency during high-volume periods.
Despite these setbacks, Armstrong sees the increased activity as a positive sign of growth for Solana’s ecosystem. He reaffirmed Coinbase’s commitment to improving support for the network and ensuring a seamless experience for users during times of high demand.
In conclusion, Coinbase has successfully resolved all pending Solana transaction delays, with plans in place to enhance support for the network and improve user experience during periods of high trading activity. This update marks a step forward in addressing user frustrations and ensuring the smooth functioning of Solana transactions on the Coinbase exchange.