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Ledger reviews huge Solana congestion, SOL sinks 12%

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The Solana community is once more experiencing congestion and fee issues.

In accordance with a Ledger assist publish on March 19, customers could obtain community or transaction error messages attributable to community congestion. This may happen when making an attempt to ship, stake, or cancel a Solana (SOL) staking on Ledger Dwell.

👋Hey #Solana customers!

The Solana community is presently experiencing congestion and points with charges 🚧

Consequently, you may encounter error messages like ‘Community error’ or ‘Your transaction might need failed…’ when making an attempt to ship, stake, or unstake $SOL in Ledger Dwell… pic.twitter.com/XbO47CS6bq

— Ledger Help (@Ledger_Support) March 19, 2024

Customers have been suggested to attempt to repeat the SOL transaction a number of occasions till it went by. Retrying the transaction, customers can join Ledger to a suitable third-party pockets akin to Phantom, Solflare, or Backpack.

You may additionally like: NFT artist’s meme coin on Solana nets $10m in one-day presale

Nonetheless, some customers declare that Ledger’s issues weren’t brought on by Solana being overloaded. One of many customers suggested the crew to replace the code.

You make it sound prefer it’s Solana’s fault when in line with your incident report it’s Ledger Dwell’s “degraded charge estimation”, lol. Replace your code please, patch it. Solflare and Phantom each work however LL doesn’t. SOL is okay

— vege_dad (@opio94039688) March 19, 2024

One other person supported this assertion and criticized Ledger.

It is Ledger, not Solana. Similar as NEAR, which will not permit the setup of a pockets on Ledger Cellular, presently into its 2nd week with no decision.

Transferring to Tangem quickly. Sick of getting to re-add accounts on a regular basis. It isn’t the primary disappearing account, will not be the final. 💀

— ϻ ö κ í 🥭 (@MokiQwoki) March 19, 2024

Amid reviews of community congestion, SOL is experiencing a decline. Over the previous 24 hours, the coin has fallen in value by 12%, dropping to $177. Nonetheless, the sharp drop within the token may be attributable to a correction after the price of the community’s native token SOL exceeded $200 on March 18.

See also  Cat-themed tokens proceed to surge as MEW leads the meme coin charts

The Solana ecosystem has been booming in latest weeks, with buying and selling quantity on decentralized exchanges (DEX) and the overall worth of belongings locked in defi protocols (TVL) breaking data. This vital enhance in transaction quantity might be attributed to 2 key components – low community charges and the rise in recognition of meme cash akin to Dogwifhat (WIF), Bonk (BONK), and E-book of Meme (BOME).

You may additionally like: Solana units new file: 816k new customers be part of amid Dogwifhat’s 400% value rally

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