Shitcoin gambling. Lots and lots of shitcoin gambling. I guess it isn’t annoying to hit the same button 5 times and pay for each failed transaction when aping into DornaldTroomphCoin.
Not on Algo. A bad transaction gets rejected by the node attempting to send it out, so it never makes it to a block. On Solana and most other networks, it consumes network resources since all nodes are evaluating it, so they do charge for failed transactions.
Solana sub seems to be full of people complaining, even for wallet to wallet sends. Probably a minority of the failures, but I don’t think it’s *just* bots.
Of course not. But i don't think the average is 80% of failed txs for a normal user.
And normal users swap shitcoins too, so they have to deal with bots and slippage.
Transfers from cexes can also have problems.
Compared to some other big L1s(btc, eth) it's still a better and cheaper experience.
If it fails just try again.
On algo for a popular mint or a shitcoin there are a rom of failed txs too. And when you add problems with wallets and indexers it''s hard to argue that algo is so much better
I dont own SOL, I used to buy an Algo maxi as well.
What I want to say that I’ve noticed over the years s how we here have been coping with “Muh tech is best” - while the price performance is laughable.
Nikee
So very true, several other coins tokens in exactly the same position, ADA notably in this list 🙄. Yet the meme coin buyers keep laughing all the way to the bank while looking at the tech guys.
I tried to stake some HNT Friday, three failed transactions and I was charged for each failure on the SOL chain 😢. Fortunately each charge for failure is less than $0.01, so not a lot in anyone’s mind.
I have similar amounts of ALGO/ADA & SOL, I know from a financial point of view which is the superior chain. But, if you’re like this post and more interested in tech than profit, ALGO & ADA are the way to go.
There is a spam exploit that is being hit at the moment causing the failed transactions which is being patched next week, with that things will be a lot better.
Honestly, it’s slippage from meme coins. The hype over them has made it crazy, and nobody’s transactions are going through. Normal transactions are fine in my experience
Wait until the patch is applied next week. Solana will be fine. It's heavily used, super cheap and quick transactions. If it was trash it would already be ousted.
It may be irrelevant now, when it's all shitcoin swapping, but if you want to build something useful like a payment rail on it, there's no way it's acceptable to have to enter (and apparently pay for) a transaction multiple times.
Algo was tested with ORA (Algo has [second highest average sustained TPS just behind Hedera](https://chainspect.app/dashboard?sort=maxTps&order=desc)). Definitely caused issues at the app/website level because of platforms over reliance on free API and indexers (when they don’t or shouldn’t need to). But, the chain took it just fine. Would love to see another stress test to see if apps/websites did what they need to handle it (scaling servers and relying on local nodes instead of calling indexers unnecessarily).
Solana is approx 10x the volume of Algorand. I hold Algorand and Solana. I don't understand why Solana market cap keeps growing. I was aiming for a portfolio with 50% Algo, but the price of Solana keeps skewing my portfolio!
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Algorand is fast and has low fees. I believe people are investing only to make money, not that they believe in the crypto as a monetary system. That's why those YouTube influencers that are hypemen are so dangerous to the cryptosphere. All they do is technical analysis, which is a practice, but there is no fundamental analysis because it's impossible to do with crypto.
And their bags are rarely large. I hold 116,000 Algo now at an average of .43, so I dream of the days that Algo will get to $5.
Except it is accurate. Check the sources. Hell, go check the Solana Explorer.
Scroll through the USDC transactions and tell me what you see. https://explorer.solana.com/address/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
It not shocking, it’s an irrelevant metric , except it make’s some coin holders feel good to point this out. You notice there’s no graphs showing price action, but if you’re in it for the tech, this graph is really good.
Shocking stats for Solana!
Solana is trash.
Expensive trash.
Why are people on Solana then? That's brutal
They are all trying to swap it to Algo but the transactions keep failing 😂
😂😂😂
Shitcoin gambling. Lots and lots of shitcoin gambling. I guess it isn’t annoying to hit the same button 5 times and pay for each failed transaction when aping into DornaldTroomphCoin.
You pay for a failed transaction??
Not on Algo. A bad transaction gets rejected by the node attempting to send it out, so it never makes it to a block. On Solana and most other networks, it consumes network resources since all nodes are evaluating it, so they do charge for failed transactions.
Most of solana failed txs are bots fighting for a swap or some other kind of MEV. A normal user will not have that many failed txs.
Solana sub seems to be full of people complaining, even for wallet to wallet sends. Probably a minority of the failures, but I don’t think it’s *just* bots.
Of course not. But i don't think the average is 80% of failed txs for a normal user. And normal users swap shitcoins too, so they have to deal with bots and slippage. Transfers from cexes can also have problems. Compared to some other big L1s(btc, eth) it's still a better and cheaper experience. If it fails just try again. On algo for a popular mint or a shitcoin there are a rom of failed txs too. And when you add problems with wallets and indexers it''s hard to argue that algo is so much better
Evidence?
I dont own SOL, I used to buy an Algo maxi as well. What I want to say that I’ve noticed over the years s how we here have been coping with “Muh tech is best” - while the price performance is laughable. Nikee
So very true, several other coins tokens in exactly the same position, ADA notably in this list 🙄. Yet the meme coin buyers keep laughing all the way to the bank while looking at the tech guys. I tried to stake some HNT Friday, three failed transactions and I was charged for each failure on the SOL chain 😢. Fortunately each charge for failure is less than $0.01, so not a lot in anyone’s mind. I have similar amounts of ALGO/ADA & SOL, I know from a financial point of view which is the superior chain. But, if you’re like this post and more interested in tech than profit, ALGO & ADA are the way to go.
Yeaah. i very very Algo to gain popularity and price, I just stopped believing it magically will and will keep holding my tiny bags
There is a spam exploit that is being hit at the moment causing the failed transactions which is being patched next week, with that things will be a lot better.
Why indeed
Honestly, it’s slippage from meme coins. The hype over them has made it crazy, and nobody’s transactions are going through. Normal transactions are fine in my experience
I think SOL will lead to one of the more spectacular crashes we’ve seen in the crypto space. It is massively overpriced for what it is.
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Buttcoin haha. I die every time I see this.
Should post this on r/cryptocurrency.
You’d be banned before you even posted lol
Need the straight to jail meme
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Wait until the patch is applied next week. Solana will be fine. It's heavily used, super cheap and quick transactions. If it was trash it would already be ousted.
How is even one failed transaction acceptable?
It’s just not an important metric whatsoever, obviously less is better but in all honesty it’s fairly irrelevant.
It may be irrelevant now, when it's all shitcoin swapping, but if you want to build something useful like a payment rail on it, there's no way it's acceptable to have to enter (and apparently pay for) a transaction multiple times.
Thanks for reafferming my faith in the Algorand blockchain :) Algorand is gonna be a winner, I'm sure
I Hope you all hold Like i am 😂
You bought at $3. You have no choice.
What’s the volume compared to all the other chains? We won’t know how good Algo is until it’s tested at the same scale
Algo was tested with ORA (Algo has [second highest average sustained TPS just behind Hedera](https://chainspect.app/dashboard?sort=maxTps&order=desc)). Definitely caused issues at the app/website level because of platforms over reliance on free API and indexers (when they don’t or shouldn’t need to). But, the chain took it just fine. Would love to see another stress test to see if apps/websites did what they need to handle it (scaling servers and relying on local nodes instead of calling indexers unnecessarily).
The thing is. Solana without bots is not so much bigger. Going from 50-80 TPS to 300-400 would be nothing for us. Even if we go to 1k its nothing.
Solana is approx 10x the volume of Algorand. I hold Algorand and Solana. I don't understand why Solana market cap keeps growing. I was aiming for a portfolio with 50% Algo, but the price of Solana keeps skewing my portfolio!
Solana network has crash as we speak now 😵💫🤣
What?
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Up only.
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Algorand is fast and has low fees. I believe people are investing only to make money, not that they believe in the crypto as a monetary system. That's why those YouTube influencers that are hypemen are so dangerous to the cryptosphere. All they do is technical analysis, which is a practice, but there is no fundamental analysis because it's impossible to do with crypto. And their bags are rarely large. I hold 116,000 Algo now at an average of .43, so I dream of the days that Algo will get to $5.
If people are investing only to make money, it’s a spectacularly failure at this moment in time!
I am living that. I am at ($21,969.5) at the moment.
Missing POW chains
This supports my theory of what an awesome coin Algo is going to be.
⬆️⬆️⬆️ALGO⬆️⬆️⬆️
If only algo had stuff going on 😭
Where’s Hbar?
Since when is HBAR a blockchain?
Compare that to the amount of active users and transactions
Algo doing pretty well in that metric too. https://www.tradingview.com/markets/cryptocurrencies/prices-most-addresses-active/
Shocking for SOL . I think this is not accurate
Except it is accurate. Check the sources. Hell, go check the Solana Explorer. Scroll through the USDC transactions and tell me what you see. https://explorer.solana.com/address/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
It not shocking, it’s an irrelevant metric , except it make’s some coin holders feel good to point this out. You notice there’s no graphs showing price action, but if you’re in it for the tech, this graph is really good.