Solana

Jito

The Solana network is experiencing growing pains due to a surge in user activity, which can lead to several threats. 
Zeta Markets Co-Founder and CEO Tristan Frizza spoke to crypto.news about the recent congestion affecting&nbsp;<a href="https://crypto.news/tag/Solana/" target="_blank" rel="noreferrer noopener">Solana</a>, as well as solutions that await the crypto industry in the future. 
As an example of network congestion, Frizza pointed to a specific case where the Jito project decided to shut down its meme pool service due to the popularity of the Solana network. 
<blockquote class="wp-block-quote"> 
 “We can see this being a massive problem for users with the recent decision by Jito to shutdown their meme pool service in an attempt to combat rampant sandwiching attacks which would give users bad prices on their swaps.” <cite>Tristan Frizza, CEO of Zeta Markets</cite>
</blockquote> 
Frizza claims the Solana blockchain network is experiencing growing pains due to a surge in user activity, leading to congestion and attracting attackers, which could impact the network’s decentralized finance (<a target="_blank" href="https://crypto.news/tag/defi/" rel="noreferrer noopener">defi</a>) space and overall growth. However, the expert outlined the importance of community-driven solutions and technological advances to solve these problems. 
The expert suggested several constructive steps to improve the scalability and efficiency of Solana. Frizza believes further optimization of order books is necessary to prevent the Solana runtime computing environment from overloading. A possible solution would be to release the long-awaited version 1.18, which addresses inconsistencies in local free markets. 
<blockquote class="wp-block-quote"> 
 “To accelerate the development of Solana roll-up solutions, which would take order submission and liquidity provision to the L2. This would be much more free from base chain congestion issues.” <cite>Tristan Frizza, CEO of Zeta Markets</cite>
</blockquote> 
Solana’s inability to handle high transaction volumes often causes network outages. Last month, the Solana network <a href="https://crypto.news/solana-stops-processing-transactions-sol-sinks-by-4/" target="_blank" rel="noreferrer noopener">stopped</a> processing blocks. Laine, a blockchain software developer and Solana validator, clarified that the failure occurred due to a decrease in the mainnet’s performance. 
Before this, in February 2023, Solana validators <a href="https://crypto.news/solana-network-faces-technical-glitch-after-forking-event/" target="_blank" rel="noreferrer noopener">restarted</a> the network twice due to an unknown error that caused a complete halt in economic activity. 
However, periodic outages do not prevent the <a href="https://crypto.news/price/Solana/" target="_blank" rel="noreferrer noopener">SOL</a> token from updating multi-month highs. One growth driver was the hype around <a href="https://crypto.news/solana-dex-volumes-meme-coin/">meme coins</a> on the Solana blockchain, which began in December 2023. As a result, the price of SOL reached $158 on March 13—the highest level in almost two years. 
 You might also like: <a href="https://crypto.news/solana-crypto-140-2024/"> Solana becomes 4th largest crypto following blitz past $140 </a>

Solana’s popularity could lead to potential threat, crypto expert warns

crypto.news

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