Coinbase Scrambles to Scale Up as Solana’s Memecoin Mania Causes Transaction Delays
SAN FRANCISCO — Coinbase, a leading U.S.-based cryptocurrency exchange, is currently facing operational challenges due to an unexpected surge in trading activities related to new memecoins on the Solana blockchain, according to CEO Brian Armstrong. The abrupt increase in transaction volume has led to delayed transactions and slow service, leaving many customers frustrated. This wave of heightened trading activity comes as both cryptocurrencies and memecoins see fluctuating interest levels, often driven by social media and …