Solana's meme coin frenzy is a double-edged sword. While it attracts users, it also exposes network weaknesses. Monitoring services show a surge in failed transactions, with some blocks having a 100% failure rate.

Solana co-founder Yakovenko downplays the issue, claiming critics misinterpret "failed" tags and that many failed transactions are from spam bots exploiting low fees. However, real users are also reporting difficulties, sometimes needing to retry transactions multiple times.

This has led to jabs from Ethereum fans, who tout their network's stability. Yakovenko counters that Solana's failed transactions involve minimal amounts compared to Ethereum's potentially hundreds-of-dollars failures. Solana is clearly under pressure, but Yakovenko seems confident they can handle it.