Coinbase resolves Solana transaction delays, admits internal missteps
The Solana blockchain community has voiced concerns about Coinbase, citing prolonged transaction delays for the network.
On social media platform X, screenshots shared by several Solana users revealed that transactions on the blockchain took up to 45 minutes to process. This delay was significantly longer than that of networks like Base, Algorand, Arbitrum, and Avalanche.
In response, Coinbases support attributed the delays to wallet maintenance or blockchain issues, implying that Solanas infrastructure was the root cause.
This explanation sparked frustration within the crypto community, with some members accusing Coinbase of downplaying Solanas capabilities in favor of its Base network.
Solana is the third-largest blockchain network behind Bitcoin and Ethereum, while Base is an Ethereum layer-2 network founded by the US-based crypto trading platform.
Solana community responds
Prominent figures within the Solana ecosystem quickly addressed these claims.
Mert Mumtaz, CEO of Helius Labs, a Solana-focused RPC provider, explained that Coinbases internal indexing systemsnot Solanas infrastructurewere behind the delays.
Austin Federa, Solanas Head of Strategy, echoed this sentiment. He dismissed Coinbases explanation and emphasized that the delays stemmed from internal technical issues at the US-based exchange. He said:
Clear communications are extremely important and this one misses the markthe issue has nothing to do with the Solana network, rpcs, or anything of the like. Its a boring old internal system issue on the exchange side.
Moreover, a community note was also promptly added to Coinbases support statement, highlighting that the exchange had faced unexplained Solana delays for months.
The note also compared blockchain performance metrics, showing Solanas Time to Finality (TTF) at 12 secondssignificantly faster than Base and Arbitrum at 16 minutes.
Coinbase resolves issue
On its status page, Coinbase acknowledged the platforms delays in processing Solana transactions but explained that the issues had been resolved as of Nov. 28.
Similarly, Andrew Allen, a Protocol Specialist at Coinbase, confirmed that the issue had been resolved. He stated:
To summarize, Coinbases indexer issues impacting Solana Send/Receive were resolved ~5am this morning. The UI didnt automatically update. But both underlying issue and UI fix have now been applied.
Despite the resolution, some community members remained critical of the exchange and accused it of being unfriendly toward the network. However, Milk Road creator Kyle Reidhead urged the crypto community to appreciate Coinbases broader contributions to the industry rather than dwell on this issue.
The post Coinbase resolves Solana transaction delays, admits internal missteps appeared first on CryptoSlate.
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Text source: CryptoSlate
