wineman
@wineman.eth
When SOL topped in April fees were high because local fee markets don't work as intended and due to all the state contestation the failed transaction rate was around ~70%. 7ish months have passed and local fee markets still don't work as intended and firedancer isn't live. There are a lot of Q1 2025 unlocks coming up and volume is starting to increase again which is leading to high fees and failed transactions. I think there is a chance we see the Solana blockchain experience downtime in a bull market. If volume increases more than what we had in April I don't see how it won't buckle under the load again given basically nothing has changed except an increase in sell pressure.
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wineman
@wineman.eth
BTC down, SOL down, ETH/BTC & ETH up. Pump dot fun disabled live streams Phantom integrated Base. Solana hit ATH with 2x the marketcap I'm going to enjoy this one.
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