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Unprecedented Prime Condition of Solana (SOL) Heralds New Heights, Developer Reveals

16d ago
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  • In a recent post, Vibhu Norby, CEO of Solana-based company Drip Haus, provides an in-depth analysis of Solana’s recent scalability challenges and user growth.
  • Norby recounts the substantial increase in network activity that Solana experienced between December and April due to the memecoin craze.
  • Despite the challenges, Norby remains optimistic about Solana’s future, highlighting improvements in product quality and a dedicated user base.

Vibhu Norby, CEO of Drip Haus, shares an insightful analysis of Solana’s scalability challenges and user growth, painting a picture of optimism for the blockchain network’s future.

Solana’s Scalability Challenges and User Growth

Norby begins by recounting the substantial increase in network activity that Solana experienced between December and April due to the memecoin craze. He describes this period as both “exciting and challenging,” with the network peaking at 160,000 daily active users (DAUs) and over half a million new users onboarding. Despite the surge, Norby points out a downside to this rapid expansion: the influx of “many low-quality wallets,” which he accepts as an inevitable aspect of such growth phases in blockchain networks. The increased load led to severe network congestion starting on March 2, escalating to a point where the blockchain became “unusable for us and practically everyone else” by the end of March.

Optimism for Solana’s FutureRead the full article for FREE at COINOTAG!

16d ago
bullish:

1

bearish:

0

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