The Solana community is once more experiencing congestion and fee issues.
By a Ledger assist published on March 19, customers could obtain community or transaction error messages as a consequence of community congestion. This will happen when attempting to ship, stake, or cancel a Solana (SOL) staking on Ledger Reside.
Customers have been suggested to attempt to repeat the SOL transaction on several occasions till it went by way of. Retrying the transaction, customers can join Ledger to a suitable third-party pocket comparable to Phantom, Solflare, or Backpack.
Nonetheless, some customers declare that Ledger’s issues weren’t attributable to Solana being overloaded. One of many customers suggested the group to replace the code.
One other consumer supported this assertion and criticized Ledger.
Amid reviews of community congestion, SOL is experiencing a decline. Over the previous 24 hours, the coin has fallen in worth by 12%, dropping to $177. Nonetheless, the sharp drop within the token may be a consequence of a correction after the price of the community’s native token SOL exceeded $200 on March 18.
The Solana ecosystem has been booming in current weeks, with buying and selling quantity on decentralized exchanges (DEX) and the entire worth of belongings locked in defi protocols (TVL) breaking information. This important improvement in transaction quantity could be attributed to 2 key components – low community charges and the rise in the reputation of meme cash comparable to Dogwifhat (WIF), Bonk (BONK), and E-book of Meme (BOME).