Coinbase CEO apologized for Solana delays, blamed memecoin hype, promised better support, and pledged upgrades to handle demand.
Major delays to Solana transactions last weekend left Coinbase chief Brian Armstrong eating his hat following a fusillade of protests from inconvenienced consumers. Indeed, some did either get canned, or would ultimately finish the 10 hours required in transit for processing; therefore, that backlash unfolded very quickly online. Following word that transactions could be smoothed through, following some congestion backlog-clearing from their side, the CEO later on took to X and said those canceled could still have a second chance.
Delays were caused by the unexpected spike in activity on Solana, well over what Coinbase’s system could support. The increase in demand-10 times higher than usual-was mostly due to the hype surrounding new memecoins associated with Donald Trump. Armstrong has now come forward and accepted that Coinbase dropped the ball with its support for Solana, saying it would work harder to scale infrastructure in order to keep up with such spikes-particularly for strong use cases such as DEX and memecoin trading.
Some users accused Coinbase of focusing too much on Ethereum projects over Solana, but Armstrong responded by committing to give Solana the same level of support as Bitcoin and Ethereum in the future. Coinbase is working with the Solana Foundation to improve its system, and though delays have decreased by 30%, users are still advised to expect transaction times of up to 24 hours during peak periods.
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