In a now-deleted post, Kraken took a lighthearted jab at Coinbase over delays in Solana transactions by posting a humorous image that contains CEO Brian Armstrong. Within the image, Armstrong is depicted conserving a Solana token with an exaggerated grin, poking fun at Coinbase’s handling of most new transaction slowdowns.
Coinbase Faces Delays in Solana Transactions
Earlier, Kraken took advantage of the direct and wrote on X, “Waiting days for a withdrawal? That’s no longer love, that’s a hostage difficulty. The different is yours.” The crypto substitute added an image with two capsules, one crimson that signified Kraken and one blue, hinting at Coinbase. These posts made several users acknowledge the shortcomings of the Kraken rival.
The delays, which started mid-January, coincided with the open of meme coins tied to extinct President Donald Trump and his wife Melania. The TRUMP token debuted on January 18, followed by the MELANIA token on January 19, inflicting a surge in assignment on the Solana blockchain. Due to this, Coinbase users reported extended delays in processing Solana-basically based entirely entirely transactions, with some ready over 15 hours for their transactions to finalize.
On January 19, Armstrong addressed person concerns, attributing the delays to the unexpected volume of transactions on the Solana community. He assured users that Coinbase became once actively scaling its infrastructure to handle the elevated ask. The substitute clarified that these delays stemmed from the unreal’s infrastructure quite than disorders with the Solana blockchain itself.
Waiting days for a withdrawal?
That’s no longer love, that’s a hostage difficulty.
The different is yours. pic.twitter.com/ooTgq7kd5U
— Kraken Alternate (@krakenfx) January 21, 2025
Mert Mumtaz, CEO of Solana infrastructure company Helius, supported this claim, confirming that Solana’s blockchain remained operational with out outages throughout the congestion duration. Actual through the final 90 days, Solana maintained 100% uptime, whilst transaction volumes spiked.
The meme coin launches severely impacted community assignment. Moonshot, the platform net hosting the TRUMP token sale, reported the addition of extra than 200,000 new users to the Solana community. Despite the congestion, Solana’s stability and performance weren’t compromised, and the blockchain persisted to handle the excessive transaction volume.
Coinbase on the starting build acknowledged delays on January 17, informing users about disorders affecting Solana transactions, including transfers and deposits. The delays, nonetheless, did no longer affect the platform’s procuring, selling, or fiat withdrawal gains. By January 20, some users light reported extended wait occasions for Solana transactions, with the unreal estimating processing occasions of roughly 100 minutes.
Additionally Learn: Solana ETF 2025 Approval Odds Hit 93%, What’s Subsequent For SOL Tag?
