Lightspeed Solana's All Time High Chain Activity | Weekly Roundup
Jan 22, 2025
Exciting discussions unfold around the explosive surge in Solana's transaction volume, driven by the launch of a Trump meme coin. The team delves into the intricacies of liquidity dynamics and the effects on fees. They also highlight transaction inefficiencies and propose enhancements like FireDanser. Concerns about future outages and regulatory challenges add spice, while the implications for meme coins in the crypto space spark lively debate. It's a thrilling peek into Solana's rising landscape and its market impacts!
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Mert's Sleepless Night
- Mert, despite having sleep issues, was alerted to Solana activity but found Helios functioning well.
- The Trump coin launch's impact on the chain was initially unnoticed due to the ecosystem's smooth handling.
Solana's Transaction Lanes
- Solana has two transaction lanes: Gito and the main Solana blockchain.
- High demand and Gito's performance degradation led arbitrageurs to use the main chain, increasing fees.
Gito's Role in Fee Markets
- Gito users compete for top-of-block space, leading to higher fees.
- When Gito degrades, this competition moves to the less efficient main chain, further increasing fees.