Solana (SOL) has seen a surge in failed transactions since March 2024.
Solana DEX volume recovers after declining in March 2024. Nearly three-quarters of transactions on the SOL network failed, according to stats on Dune Analytics. SOL price is nearly unchanged in the past week. Solana has seen a surge in failed transactions since March 2024. Nearly three-quarters of transactions on the SOL chain have failed, per data from Dune Analytics. While failed transactions are mostly bots, it shows the rise in “spam” on the Solana blockchain, alongside increase in usage.
2%, as seen in the chart below. While most of the failed transactions can be attributed to bots spamming the Solana blockchain, users may be affected if they interact with the blockchain for swaps or DEX transactions. Solana Failed Non-Vote Transaction Rate While transaction failure may not be an issue for every other Solana user, it affects the performance of the chain and results in regular outages. The DEX volume on Solana has climbed after dropping from its peak in March.
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