The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing. Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents say the data is being widely misinterpreted. Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions failed, the highest failure rate on record. 75.4% of non-vote transactions on Solana have failed.

He added that it was unlikely that the upcoming 1.18 Solana network upgrade would fix these issues, hinting that user experience on Solana could remain degraded for some time. The price of Solana’s SOL has fallen around 3% in the last week, stumbling slightly after a 45% rally in the last month. Its recent weekly drawdown has seen it fall back to being the fifth-largest cryptocurrency by market capitalization, per CoinGecko data. “Dealing with congestion bugs sucks so much more than total liveness failure. The former has to go through the full release and test pipeline. The latter is one and done, bug is identified and patched and chain continues. Solana CEO Anatoly Yakovenko took to social media (more resources) to express his frustration at the process of improving congestion bugs on the network.

The uptick has been paralleled by a recent uproar from Solana users on social media, complaining of failed transactions and degraded user experience. In an April 4 post to X, pseudonymous trader Altcoin Sherpa said that while he still believed Solana would cement itself as the blockchain network for retail adoption, he noted that the current user experience was currently less than ideal. However, in an April 4 post to X, vocal Solana proponent and Helius CEO Mert Mumtaz took issue with the claim that 75% of transactions were failing, noting that the vast majority of failed non-vote transactions were simply “bot spam. “About 95% of that entire chart is just bots failing arbitrage attempts,” he added.

The German Empire was dissolved in the German Revolution of 1918-1919, and a democratic government, later known as the Weimar Republic, was created. Italy, as an Entente ally, had made some post-war territorial gains; however, Italian nationalists were angered that the promises made by the United Kingdom and France to secure Italian entrance into the war were not fulfilled in the peace settlement. The interwar period saw strife between supporters of the new republic and hardline opponents on both the political right and left. From 1922 to 1925, the Fascist movement led by Benito Mussolini seized power in Italy with a nationalist, totalitarian, and class collaborationist agenda that abolished representative democracy, repressed socialist, left-wing, and liberal forces, and pursued an aggressive expansionist foreign policy aimed at making Italy a world power, promising the creation of a “New Roman Empire”.

Armonk, NY: M.E. Sharpe. Liberman, Peter (1996). Does Conquest Pay?: The Exploitation of Occupied Industrial Societies. The Fall of the Philippines. 2010). The Cambridge History of the Cold War. Levine, Alan J. (1992). The Strategic Bombing of Germany, 1940-1945. Westport, CT: Praeger. In Greenfield, Kent Roberts (ed.). Lewis, Morton (1953). “Japanese Plans and American Defenses”. Leffler, Melvyn P.; Westad, Odd Arne, eds. Cambridge: Cambridge University Press. Washington, DC: US Government Printing Office.