The Solana blockchain neighborhood has voiced considerations about Coinbase, citing extended transaction delays for the community.
On social media platform X, screenshots shared by a number of Solana customers revealed that transactions on the blockchain took as much as 45 minutes to course of. This delay was considerably longer than that of networks like Base, Algorand, Arbitrum, and Avalanche.
In response, Coinbase’s assist attributed the delays to pockets upkeep or blockchain points, implying that Solana’s infrastructure was the basis trigger.
This rationalization sparked frustration throughout the crypto neighborhood, with some members accusing Coinbase of downplaying Solana’s capabilities in favor of its Base community.
Solana is the third-largest blockchain community behind Bitcoin and Ethereum, whereas Base is an Ethereum layer-2 community based by the US-based crypto buying and selling platform.
Solana neighborhood responds
Prominent figures throughout the Solana ecosystem shortly addressed these claims.
Mert Mumtaz, CEO of Helius Labs, a Solana-focused RPC supplier, defined that Coinbase’s internal indexing methods—not Solana’s infrastructure—have been behind the delays.
Austin Federa, Solana’s Head of Strategy, echoed this sentiment. He dismissed Coinbase’s rationalization and emphasised that the delays stemmed from internal technical points on the US-based exchange. He mentioned:
“Clear communications are extremely important and this one misses the mark…the issue has nothing to do with the Solana network, rpcs, or anything of the like. It’s a boring old internal system issue on the exchange side.”
Moreover, a neighborhood notice was additionally promptly added to Coinbase’s assist assertion, highlighting that the exchange had confronted unexplained Solana delays for months.
The notice additionally in contrast blockchain efficiency metrics, exhibiting Solana’s Time to Finality (TTF) at 12 seconds—considerably sooner than Base and Arbitrum at 16 minutes.
Coinbase resolves challenge
On its standing web page, Coinbase acknowledged the platform’s delays in processing Solana transactions however defined that the problems had been resolved as of Nov. 28.
Similarly, Andrew Allen, a Protocol Specialist at Coinbase, confirmed that the difficulty had been resolved. He acknowledged:
“To summarize, Coinbase’s indexer issues impacting Solana Send/Receive were resolved ~5am this morning. The UI didn’t automatically update. But both underlying issue and UI fix have now been applied.”
Despite the decision, some neighborhood members remained essential of the exchange and accused it of being unfriendly towards the community. However, Milk Road creator Kyle Reidhead urged the crypto neighborhood to understand Coinbase’s broader contributions to the trade moderately than dwell on this challenge.
