Anza Unveils Measures to Curb Solana Blockchain Bottlenecks

Anza Network aims to address Solana blockchain congestion issues by identifying and resolving the underlying causes, such as QUIC implementation and validator client behavior. The network has experienced several outages due to high demand and bot spam, impacting SOL's market position and trading volume. Through collaborations with core contributors, Anza has developed a plan to implement gradual improvements to restore stability and confidence in the network, aiming to prevent further transaction failures and optimize performance.

Anza Unveils Measures to Alleviate Solana Blockchain Congestion

Amidst recent network congestion episodes on the Solana blockchain, Anza Network, a leading software developer, has announced plans to implement a series of measures aimed at resolving the issue. This development is expected to significantly enhance user experience by ensuring the smooth completion of transactions, eliminating the risk of financial loss due to transaction failures.

Pinpointing the Root Cause

Following a thorough investigation, Anza, in collaboration with core Solana contributors, has identified the source of congestion within the QUIC implementation and the Agave validator client behavior. The network has witnessed two congestion events within a 48-hour period, prompting the urgent need for a comprehensive solution.

Multifaceted Approach to Mitigation

Anza's strategy involves a multifaceted approach to mitigate the identified issues. The proposed changes include a gradual downgrade in performance level and the introduction of degree loss, to be implemented over time. These measures are designed to reduce the strain on the network and improve overall stability.

Addressing Bot Spam

Network congestion has also been attributed to the proliferation of protocols and chains dedicated to meme token transactions on the Solana blockchain. During a recent surge in meme coin popularity on April 4, the transaction failure rate spiked, highlighting the need for further optimization.

Chief Executive Officer of Helsius, Mert Mumtaz, has pinpointed "bot spam" as a contributing factor to network congestion, emphasizing that it is not reflective of inherent network instability. Andre Cronje, the founder of Fantom, has also weighed in, attributing the issue to Solana's rapidly growing network and limited block space.

Market Impact and Future Outlook

Congestion concerns have impacted SOL's market performance, leading to a 10% decline in its price over the past week. As of press time, SOL is trading at approximately $180.36, with a 2.55% increase over the past 24 hours. The decline has pushed SOL to the fifth position by market capitalization, according to CoinMarketCap.

Solana's trading volume has also experienced a significant decrease of 76.30%, dropping to $1,969,437,329. This decline suggests a potential bearish trend in the market.

Since January 2022, Solana has faced six major outages and has been offline for approximately 15 days. The February outage was attributed to an issue with the Just-in-Time cache's compilation cache. Anza's planned updates and recent improvements aim to address these concerns and restore confidence in the network.

The implementation of these measures is expected to significantly alleviate congestion and enhance Solana's user experience, restoring its reputation as a reliable and efficient blockchain platform.