• Arthur Hayes sparked controversy by calling Solana TPS “bullshit.”
• An enormous variety of spammers causes extreme transaction failures.
• Dealer Dan Smith identified that there’s a lot of spam on the Solana blockchain.

Dan Smith, a digital asset dealer and investor, claims that the Solana (SOL) blockchain has an issue with spam transactions. In a collection of his X posts, the cryptocurrency fanatic defined how spammers are rising the variety of failed transactions on blockchain networks.

Smith defined The common “actual person” on the Solana blockchain sends lower than 50 transactions per day, with a failure fee of 8%, that means 1 out of each 10 transactions will fail .

X's publish defined that 97% of addresses fall into the “actual person” group, which collectively accounts for 0.6% of all failed transactions. Mr Smith added:

“Addresses that ship greater than 5,000 TXs in a day are clearly bots. Yesterday, there have been 879 addresses that reached this mark, creating 95% of all failed transactions, for a failure fee of 79%. did.”

Smith concludes that Solana has a “spam-heavy” downside, noting that the variety of spam transactions is so excessive that 95% of failed transactions are brought on by 0.1% of addresses. .

The dialog began with Arthur Hayes, co-founder of the BitMEX change. Says That a large variety of meme cash destroyed Solana. Hayes referred to as Solana's TPS “bullshit,” including that buyers have began buying and selling these meme cash in such massive portions that 75% of transactions are beginning to fail on the blockchain.

Smith I bought it. Solana TPS could also be “bullshit” from a “actual person” metric, however regardless of the excessive transaction failure fee, validators nonetheless want to make use of assets on these transactions. It's necessary to notice, and this paints a way more highly effective image of Solana's scenario. His TPS from a technical viewpoint.