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With a 75.68% failure rate in non-vote transactions, Solana confronts operational challenges in the DeFi landscape.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In a revealing deep dive, CryptoSlate uncovers the stark reality behind Solana’s recent struggles with transaction failures, peaking at an alarming rate. As a blockchain that’s rapidly become a cornerstone of the DeFi ecosystem, the overwhelming majority of Solana’s non-vote transactions faltered, posing existential questions about its capacity to sustain burgeoning demand. The analysis delves into the critical difference between vote and non-vote transactions, shedding light on the resilience of its consensus mechanism amidst the turmoil. However, the root cause of this debacle, primarily linked to the surging activities of bots, presents a complex puzzle. How will Solana navigate this tumultuous period to reinforce its infrastructure against such unprecedented challenges?
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Connect a Solana self-custody wallet (Phantom, Solflare or Torus).
Stake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Bitget has rapidly grown to become the world’s largest crypto copy trading platform, doubled down spot trading volume in 2023, and serves over 25 million users worldwide, earning them a place among the Top 5 crypto exchanges on various lists.
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