18-4-2025 – Coinbase, the preeminent cryptocurrency exchange in the United States, has unveiled a sweeping overhaul of its infrastructure to fortify support for the Solana ecosystem, responding to user frustrations over sluggish transaction speeds. The enhancements, detailed in a statement, promise swifter, more dependable transaction processing, bolstered liquidity, and robust safeguards to ensure operational resilience. “Our commitment to delivering unparalleled performance for Solana users is unwavering, and these upgrades mark a significant step toward meeting the ecosystem’s growing demands,” Coinbase declared.
The revamp, announced on the social media platform X, encompasses a suite of technical advancements. Asynchronous transaction processing has yielded a fivefold surge in block processing capacity, while refinements to the remote procedure call (RPC) system have quadrupled its efficiency. Additionally, Coinbase has introduced failover mechanisms to enhance system durability and fine-tuned liquidity protocols alongside operational controls to streamline performance. These upgrades, the exchange noted, lay the groundwork for accommodating Solana’s escalating transaction volumes as the blockchain continues to expand.
The impetus for these improvements stems from a torrent of user complaints earlier this year, when Solana transactions on Coinbase suffered delays stretching hours. On January 21, Coinbase Support acknowledged the strain, attributing it to an unprecedented tenfold spike in transaction activity that overwhelmed its systems. The exchange pledged then to bolster its Solana infrastructure, a promise now realised with these latest enhancements.
Solana’s meteoric rise has been fuelled by a frenzy of memecoin trading, which has propelled its on-chain activity to record heights. In the weeks leading up to the US presidential inauguration, trading volumes surged, driven in part by memecoins issued by the incoming president and first lady on the Solana blockchain. Even prior to this, The Block reported that memecoin mania had already pushed Solana’s on-chain trading volume to an all-time peak of $3.79 billion on January 5, with 4.5 million active addresses. The blockchain’s market capitalisation, now standing at $69.4 billion, cements Solana’s position as the third-largest cryptocurrency. In the past 24 hours alone, its native token, SOL, priced at $134.44, generated approximately $5 billion in trading volume, according to The Block’s data.
