Coinbase Resolves Solana Backlogs, CEO Commits to Scaling Infrastructure

• Coinbase experienced delays in Solana transactions recently, prompting strong user reaction
• Coinbase CEO acknowledged the problem and soon confirmed it was addressed
• The exchange is looking to improve, it was added

Coinbase Chief Executive Officer (CEO) recently told his followers on X that the platform’s transaction issues with Solana have been resolved, and that business can resume as usual. He also apologized for the inconvenience, saying the problems were not anticipated.

Backlogs and Missed Opportunities

Earlier this week, Coinbase users took to X to complain about the delays on Solana transactions, with some funds stuck in “pending” status for hours, resulting in millions in lost funds.

Solana has become an important foundation for memecoins, which are this cycle’s key narrative. Coinciding with the inauguration of US President Donald Trump, and the launch of two coins associated with the President – $TRUMP and $Melania, the number of transactions on Coinbase surged, resulting in network congestion that impacted the famed exchange. 

Armstrong responded to the complaints, posting a tweet on January 19, saying the team was “working hard o…

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