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Solana (SOL), often touted as Ethereum’s leading competitor, has been struggling under heavy demand. According to recent insights from Dune analytics, the network saw 75% of all its “non-vote” transactions fail on April 4.
This marked the highest percentage of failed transactions in the network to date. The insights, compiled by data analyst Scarn.eth, indicated that bots also accounted for 55% of the total swap count or $30.2 million of the total transaction volume.
“Non-vote” transactions are those that see SOL transferred between accounts within the Solana network. The poor performance of the network has drawn massive criticism, even though it was touted as “bot spam” by Helius CEO Mert Mumtaz.
