Coinbase CEO Apologizes for Delayed Solana Transactions

After a delay in Solana transactions, Coinbase CEO Brian Armstrong has apologized and promised to improve the platform’s performance during high-demand periods.  According to a previous report, a lot of users were frustrated about the delay as many complained that their transactions were canceled or took more than 10 hours to complete.

In response, Armstrong apologized on X that the backlog had been sorted and that transactions should go through faster. He said, “We have the Solana backlog triaged, and transactions should generate quickly again. If your transaction got canceled you can retry it now – apologies for the trouble.

Coinbase said the problem was caused by a lot of activity in Solana which was more than their system could handle. The transaction volumes were about 10 times higher than usual. This increase was due to the popularity of new memecoins linked to Donald Trump, which led to an unusual amount of demand. Armstrong went on to say that Coinbase failed in its commitment to support Solana. He said, “It’s clear we need to step up our game on Solana, scale our infrastructure, and provide native support for common use cases like DEX/memecoin trading.”