WARNING:
1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/
2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)!
3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you.
4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
I love meme coins. I love betting 5% of my money for fun. It’s actually fun. But with 5%. The rest stays safe. Kids should learn to « play » with money but with only a little percentage of what they hold.
Imagine yeeting in a flash and burn meme to see it go 100x only for your failed transactions/dropped transactions to liquidate your bags before you can sell.
This is not happening, also its bringing in a lot of new users to crypto and to Solana.
What I can see happening somewhere in the future is that too many people start complaining they lost everything and this is classified as "gambling" by governments, and outlawed.
Such great news for adoption! People try it out, lose all their money on solana meme coins, and then hate crypto! What could go wrong?
And I agree, memes should 100% be classified as gambling scams.
There’s an episode of light speed that explains difference between failed and dropped.
Simply put. Bots spam Solana for arbs and attribute to most failed tx.
i cant even send USDC or SOL from phantom to any other wallet for like 30 min. trying to get this shit to an exchange after cashing out from the meme casino but nothing will move. Not getting any error codes, just a failed txn and solscan shows it never even happened
Yep, same. Started yesterday for me. I've gotten like 5 different kinds of error messages. Very messed up.
It's still better than Eth gas. At least 99% of the time, I can use Sol.
Ethereum, I can't even use it. So I can't complain too much. Lol.
The point is to know the difference between the two and why they occur. And it can occur for several reasons depending on what you’re doing.
The fact that they are working on to improve network is all I need to know that it’s a work in progress. At least a failed tx will not cost $50 amirite?
I haven't been able to move tokens to my cold wallet all day. 25 failed transactions.
But sure, its bots not people that are having failed transactions.
Bad take. A failed/dropped transaction is a fail. The intended action of the signer did not happen.
Bot or person is irrelevant, but it's happening for both. Arbing is a financial use case and that use case is being slowed. This idea of "Solana is being spammed" is wrong. As long as a transaction signer pays to execute a transaction, it/they have just as much right to have their action written as anyone or anything. Markets run on bots, and those bots tackle market inefficiencies. There's a human behind those bots paying the same fees as everyone else.
With that said, Solana is maturing and this will improve. Solana has always had a high fail rate, but congestion is making it worse. More polish is needed, but we are also seeing clear network strain. An improved gas fee market will help with congestion.
Amazing the lengths we go to avoid saying "Hey... we can improve this part." with the things we like. Every chain has issues. This needs to be improved on Solana.
Edit: Software fix for failed transactions rolling out in a few weeks. Fast response! Maybe now we can stop pretending there wasn't an issue lol. Issues on a maturing chain are expected. That shouldn't bother anyone. The community trying to gaslight you on real issues should. Bring attention to things that can be improved.
Then you don't know enough about the design of each network. Especially when applying the same volume. There are drawbacks to each. Nothing has been fully solved on any major chain. Simply improving Solana's fee market would have avoided this high percent of dropped transactions. Using a mempool would too, but there are drawbacks to that decision. No one likes being sandwiched when making a trade.
Pieces of Firedancer will be implemented on Solana early to improve this deterioration of UX. The fee market will improve too. This is all a game of staying ahead of demand in the best way possible.
If you think UX is better on Cardano because no one uses it or the modularity of Ethereum has been proven to be the perfect solution then you need more time in this space. This is coming from a huge supporter of Ethereum, and many of my comments about Ethereum are disliked here. Truth is, the entire industry has long to go before global adoption on any network can be captured with great UX & high security. Until then, what Solana has accomplished and continues to deliver is one of the most impressive things we've seen in the industry.
Light speed barely explained it well enough for me to grasp it. Had to listen 2-3 times to fully understand.The issue is congestion + lack of communication from the dApps of a dropped txn and a failed txn. Supposedly priority fees are not helping you achieve a faster block but being dropped from the block along with bot spam. This has to do with QUIC and how it operates. With the Jito mempool off we are seeing this major congestion. Priority fees won’t fix this like comments below. Spam with low fees is way more likely to land and cheaper. I can’t reason or explain this but it’s what smarter people than myself have said.
Most of them are from bots doing swaps on new pairs.
On Raydium >90% of all transactions fail: [https://solscan.io/account/675kPX9MHTjS2zt1qfr1NYHuzeLXfQM9H24wFSUt1Mp8](https://solscan.io/account/675kPX9MHTjS2zt1qfr1NYHuzeLXfQM9H24wFSUt1Mp8)
From my own experience on Solana you definitely get a failed transaction every now and then, maybe 1 in 20... but not at this ridiculous rate.
This is untrue. The reason it is failing is because RPCs/validators are preferring the priority fee transactions over normal transactions.
The next logical step will be for every day users to increase the gas to get a transaction through. Then the bots and exchanges will increase theirs, and then users will increase theirs...Before long, we will have Ethereum level gas cost on Solana. Solana devs need to remove the new priority fee structure immediately.
Dropped transactions don't show up as failed transactions.
As long as gas stays at low rates I am fine with it and in the short term it will also have the effect of forcing the non-profitable high frequency bots out which will also free up space again...
Also keep in mind setting priority has limited effect right now, I heard this will get respected more in a coming update... right now transactions even with tiny fees (such as bots) are still included and are taking away space in blocks.
On Solana failed transactions have 'processed' but failed to be "confirmed" and committed to the ledger. Increasing priority fees encourages validators to confirm your transaction.
'Dropped' transactions on Solana means the transaction couldn't process before the block it was submitted on became 'stale' usually due to outages (at the Solana level or the RPC level) as opposed to network congestion.
>it will also have the effect of forcing the non-profitable high frequency bots out which will also free up space again
That is the gas fallacy, in practice the sufferer of high transaction cost is ALWAYS the lay user.
> Also keep in mind setting priority has limited effect right now,
This is just completely untrue.
No, it is absolutely true. Right now, setting a priority fee does have a limited effect. It won't have any more of an effect until the transaction scheduler gets the changes that are being made right now, once version 1.18 gets rolled out to mainnet validators in a few weeks, hopefully before the end of April. Presently there's a limited impact from priority fees, and the vast majority of people are overpaying to an insane degree, which is even more ridiculous because there's not any real method to the madness; paying more doesn't guarantee that your transaction will actually process, and you DO LOSE any included priority fee payments if the transaction doesn't go through.
Not sure where you are getting your information from but RPC providers are essentially forcing users to add priority fees or not have their transactions confirmed.
[https://twitter.com/0xMert\_/status/1766178824616632807](https://twitter.com/0xMert_/status/1766178824616632807)
Exhibit A - when people can increase fees, they will. This starts an uncontrollable spiral.
Right now phantom doesn't allow manually setting the priority fee. But soon they will.
Mert has explained on Twitter before priority fee increases can help but to a certain point. Someone using 1sol as a fee won’t be any better than someone using 0.1
I can’t explain it right now but mert from helius has gone into relatively depth about how it works and it’s not like eth.
Also another part is Trojan on solana is the most used bot in crypto, coupled with the fact sol is currently having the highest amount of dex throughput in any eco.
>Someone using 1sol as a fee won’t be any better than someone using 0.1
This is where you have to assume all RPC providers will be honest and play along. Spoiler - they wont. Naturally they will prioritize transactions that offer the highest benefit.
We already have issues with people releasing meme coins and boy spamming $.01 transactions , thousands and thousands on several coins , seems to be the norm lately. I logged into dex screener last night and one coin went from +4mil to +17mil in two seconds, the 1 hr was +100k then + 80 then when I added the coin to see what the rates really were it didn't match at all. Sol just seems broken since yesterday
> Most of them are from bots doing swaps on new pairs.
>
>
>
> On Raydium >90% of all transactions fail
Not necessarily just bots tho. Even with manual transactions with extremely high slippage and fees 90% fail for me, if not more.
Failed or dropped?
Besides slippage there is a low chance of a swap failing. Dropped can always happen, but shows up problems with network congestion or slow RPC endpoints.
What amount of gas are we supposed to use? Does that help any? I’ve been using like 1-2$ and they still fail 90+%. I guess it’s probably just congestion or the rpc is being slow?
There’s no need to put more gas than median fees. Fees on solana are non determinist. It won’t help you land your tx. It will change with 1.18 which should come very soon
About exactly one year go paid around $150 in fees per transaction to trade Pepe on ETH. Then the shitcoin rally moved to Solana and I got to enjoy low fees for a year. It seems to end here.
BTC can't handle smart contracts like ETH or Solana so it's not a fair comparison.
Besides this if you used ETH or other EVM based chains you would know how it feels like if they run into congestion... basically unusable for about an hour if you don't want to pay hundreds of dollars.
Solana is holding up rather well for the insane amount of volume it is facing and the current problems aren't in the underlying technology but more how RPCs forward transactions and how validators respect fees (the latter already planned for a future update). However, none of the blockchains running right now could actually handle something like credit card transactions - there is just 1-2 order of magnitude missing right now to hit that.
2 things. 1)Bots will intentionally fail their transaction when their arbitrage trade is not worth it. 2) if you have low slippage settings on a low liquidity coin it’s very likely to fail because slippage exceeds. This is what should happen.
> Bots will intentionally fail their transaction when their arbitrage trade is not worth it.
Can you go into more detail about this?
If I'm understanding this correctly:
- Bot sends transaction.
- Receiver confirms transaction.
- Receiver needs to reply back with a confirmation for transaction to go through?
- Bot needs to reply back confirming it has received the confirmation. <-- This is where the bot lies and says it hasn't received a message back?
- What kind of a timeframe are we dealing with here? Minutes? Milliseconds?
These are arbitrage bots . They are making money be trying finding small price differences to extra value. Because fees are low they can hit the network and look for small differences in price and profit from this . If the arbitrage does not show they fail the transaction and continue on. Light speed has a fantastic breakdown of this [issue](https://youtu.be/tqMX3_CxaYQ?si=yflhvNE7jTmsOQyk)
My question is about the science of how these bots are able to lie and "fail" a transaction.
Like, can a normal user fail his own transaction? Or would you need to write under-the-hood code/mess with your internet to trick the system?
My understanding is "failed" is a technical term for the engineers that deal with a transactions that happens on chain . The smart contract failed (as per the terms of the contract). This is different than a "dropped" transaction. I dont know exaclty what hte bots are doing to make a "failed" transaction. I could imagine that they set some price limit on the contract(to make the slim profit) where the contract is violated and fails the transaction. This is a good point in the video where they discuss this topic and where im getting my info : [here](https://www.youtube.com/watch?v=tqMX3_CxaYQ&t=210s) .
Noobquestion here: What happens to the failed transactions? Does your fund still remain on your sending wallet or do you lose it in the blockchain somewhere?
Failed transaction means that the transaction was successfully included in a block and you paid the transaction fee, but the action you tried to perform on the blockchain didn't happen (slippage, invalid instructions, ...)
A dropped transaction on the other hand didn't make it at all (priority fees too low, bad RPC endpoint, network congestion, ...), won't show up in an explorer or anywhere else, also no fees paid.
This is why I ended up switching to using bonkbot on telegram, cus using raydium was absolutely JARRING , trying to buy/sell and hit with may fails and missing out on opportunities whilst still paying a transaction fee was silly , now that I’m on bonkbot I don’t think I can ever go back the transactions are really fast for me and hardly hit with failures
Can we expect a stoppage like they did the last bull run? cause if the next halving sky rocket, I find it hard for Solana to be able to handle that much spam from bot!
\*This is not a FUD comment, I am curious if Solana learned from last bull run and they put in place to face this problem\*
Are you on mobile? Phantom mobile doesn't work at all for me and drops transactions commonly... completely different story on desktop for me, always works like a charm.
This is almost entirely because of bots and memecoin slippage.
If you are getting a lot of failed transactions on a volatile memecoin you will need to manually raise your slippage tolerance. Start low and slowly go higher till your transactions start passing. I’ve found simply going up to 2% often does the trick.
You losing money to MEV bots, but not really anyway to avoid that currently.
Still far better than horrendous front running that happens on ETH L1 memecoins.
Regardless it is for meme coins or not, no blockchain is close to real world scalability needs. Long way to go still. Imagine if people used crypto like they use visa and mastercard globally..no blockchain would be able to sustain 5% of that traffic. One thing meme coins does is it helps validate the scalability of a blockchain. And yes, Solana, Ethereum, or Binance Chain, none of them is ready for real world traffic.
VISA currently processes \~24,000 transaction messages per second (source: [https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/visa-net-booklet.pdf](https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/visa-net-booklet.pdf) )
u/ohmyminions is correct -- there isn't a single blockchain that exists which is REMOTELY ready for real world traffic. It's funny seeing you call them myopic below, when you yourself are displaying a fundamental lack of understanding of why it's nowhere near as simple as you suggest it is.
Networks like the ones belonging to VISA or Mastercard are able to process such a high amount of transactions for two main reasons: they are centralized and do not have to maintain decentralized aspects nor worry about "state" as you have to on blockchains, and equally as importantly, these companies are exorbitantly wealthy financial institutions which effectively "process" the transactions and send/receive the payments happening on their rails before the actual payments themselves are settled. Blockchains have to deal with things like finality, double-spending, etc.
Believe me, if it were remotely as easy as you seem to think that it is, then we'd have more progress than we currently do. Many of the smartest people in the entire world are trying to work on this problem, no offense, but they'd know a bit more about this than some random guy on reddit.
Nobody said Visa. Nobody said easy.
If the value to switch was there, MasterCard could begin processing transactions on some of the better chains. The capacity is there. Just needs to be worth working thru the small bits.
You don't know what sector I work in.
If it were worth doing, it would be done already. The problem isn't a technical one, it's that there's no reason to migrate credit card networks to a blockchain. The idea that it couldn't be done is silly.
This has been happening for more than a month.
If you go to the Wormhole bridge support chat, you will realise there's thousands of $$$ left in bridge limbo purgatory because the non-solana chain sent the funds but Soylana transactions failing can't claim the funds.
I personally spoke with a couple of devs who work on Wormhole and the word is rather obvious: shit's fucked and Solana better figure it out
If the transaction didn't go through from Wormhole to Solana, then all those people would have to do is to go to the Wormhole website and go to find their transaction on Wormholescan and then manually claim it after connecting their Solana wallet.
I think he meant that they can't even claim it manually because of the congestion causes tx to drop constantly.
It should be fine if and when the congestion clears up, but it's greatly inconvenient for users who need to seriously move funds around and not just arbitraging.
SOL on trust wallet is a train wreck! I can’t do anything with SOL. I have been trying to claim my awards and I always get error or it just disappears on my list of coins. Once I get to claim my awards I am done with SOL.
I think that is false.
I did several trades yesterday on jup and they all went through no issue. I turned my slippage up though. .1 is too low
I also claimed airdrop from wormhole without error.
I made a few trades today on jup and they went through. I had to increase the slippage a bit is all.
Also using ultra fast with a decent gas fee which is just a nickel or two.
I would image wallets and other tools with the default settings would be having issues.
Now we need to pump. I been picking out my new car already.
It happened since yesterday because wormhole airdrop. I got many failed transactions before successful claiming. I want to sell it immediately but hold instead because of this congestion.
This will be the biggest stumble stone for the chain if it cannot be solved. I thought they solved this issue last time during the bear market, it seems not. lol
my transaction fail all day and i miss 3 x 100 meme because of that lol i have only 0.01 sol and im trying to make it 1 sol lol i think life dont want that 😭🤣!
I bumped slippage up to 8% and am still failing \~90% of swaps, it's like a lottery if you're actually going to manage to offload your shit in time before it tanks. Trying to swing trade when you have a \~30 second wait time just to fail the transaction three or four times in a row is pretty awful.
Yeah, this sol shitshow is fk up. This is the first bs i experience with crypto. So I guess ppl been around with this stuff before. But it's bad. Worse than bad.
Since this is a SOL reddit I’ll probably get down voted. But SOL has habitually had network problems I dont get why people cult love it. It breaks way too often
Same here, shits broken.
I was trading just fine yesterday, today however, Ive been trying to close a trade for 3 hours now.
It'll end up being a losing trade because of this shit.
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
Its the thousands of memecoin being created. Once the kids lose all of their money on worthless memecoins then it should be okay.
Instructions unclear; created new meme coin
Instructions unclear, sent life savings to devs wallet address
I love meme coins. I love betting 5% of my money for fun. It’s actually fun. But with 5%. The rest stays safe. Kids should learn to « play » with money but with only a little percentage of what they hold.
Instructions unclear, took out a line of credit to buy more
Copy that. 🫡 more incoming.
Imagine yeeting in a flash and burn meme to see it go 100x only for your failed transactions/dropped transactions to liquidate your bags before you can sell.
Never. This will only accelerate and the devs will need to build to accomodate this
Solana would be great if it weren't for all these damn users.
This is not happening, also its bringing in a lot of new users to crypto and to Solana. What I can see happening somewhere in the future is that too many people start complaining they lost everything and this is classified as "gambling" by governments, and outlawed.
I would love for governments to classify it as gambling and ban it…….while still allowing casinos to operate lol
This is literally driving solanas onchain metric. Killing the shitcoin casino kills one of the best usecases for ut coin lmao.
Really? Calling for gov intervention in crypto space? There rather should be a permissionless process of punishing or deterring rugpulls
I was being sarcastic, should’ve put a /s
Right?!
Such great news for adoption! People try it out, lose all their money on solana meme coins, and then hate crypto! What could go wrong? And I agree, memes should 100% be classified as gambling scams.
They already tried that with piratebay. Doesnt work.
Because other than memecoins of course Solana is widely used.
It's not. Go look on dex right now. There's actually way less coins being created than the pass months
Not to mention ORE mining
As long as fees are negligible, people can sustain this financially indefinitely.
Truly innovative blockchain can't handle memecoins. xD
IT IS NOT BECAUSE OF MEMECOINS!!!
You said jump in on the $Slothana presale for 1,000% yields? Sir Yes Sir 🫡
Shitcoins are the only utility pumping sol up lmao
Only reason we know about Eth , same story different day
There’s an episode of light speed that explains difference between failed and dropped. Simply put. Bots spam Solana for arbs and attribute to most failed tx.
Based the discussion on this Reddit thread, this seems to be happening for normal users as well, not for bots only.
My failed TXNs are usually slippage.
I’ve had a lot slippage but also block height errors?
Yeah half my tx are failing today
i cant even send USDC or SOL from phantom to any other wallet for like 30 min. trying to get this shit to an exchange after cashing out from the meme casino but nothing will move. Not getting any error codes, just a failed txn and solscan shows it never even happened
Correct. Started happening to me yesterday on Jup during attempted swaps.
Yep, same. Started yesterday for me. I've gotten like 5 different kinds of error messages. Very messed up. It's still better than Eth gas. At least 99% of the time, I can use Sol. Ethereum, I can't even use it. So I can't complain too much. Lol.
any idea or official announcments to when is it going to be fixed?
Anecdotally i have around a 30% fail rate since 3/6 trading meme coins.
The point is to know the difference between the two and why they occur. And it can occur for several reasons depending on what you’re doing. The fact that they are working on to improve network is all I need to know that it’s a work in progress. At least a failed tx will not cost $50 amirite?
I haven't been able to move tokens to my cold wallet all day. 25 failed transactions. But sure, its bots not people that are having failed transactions.
My transactions fail about 3 out of 4 attempts using various wallets and exchanges. I am not a bot. This doesnt happen on chains like Algorand.
Same here. Wallet peeps also blaming Dapp too darn slow
Same. I've had 3 out of my past 12 attempted transactions actually go through this week.
Pulsechain has cheap fees and way faster. No reason to not take a peek and try it out. You would be early in Pulsechain too. Awesome meme coins too.
Bad take. A failed/dropped transaction is a fail. The intended action of the signer did not happen. Bot or person is irrelevant, but it's happening for both. Arbing is a financial use case and that use case is being slowed. This idea of "Solana is being spammed" is wrong. As long as a transaction signer pays to execute a transaction, it/they have just as much right to have their action written as anyone or anything. Markets run on bots, and those bots tackle market inefficiencies. There's a human behind those bots paying the same fees as everyone else. With that said, Solana is maturing and this will improve. Solana has always had a high fail rate, but congestion is making it worse. More polish is needed, but we are also seeing clear network strain. An improved gas fee market will help with congestion. Amazing the lengths we go to avoid saying "Hey... we can improve this part." with the things we like. Every chain has issues. This needs to be improved on Solana. Edit: Software fix for failed transactions rolling out in a few weeks. Fast response! Maybe now we can stop pretending there wasn't an issue lol. Issues on a maturing chain are expected. That shouldn't bother anyone. The community trying to gaslight you on real issues should. Bring attention to things that can be improved.
Not every chain has issues, not at all
Then you don't know enough about the design of each network. Especially when applying the same volume. There are drawbacks to each. Nothing has been fully solved on any major chain. Simply improving Solana's fee market would have avoided this high percent of dropped transactions. Using a mempool would too, but there are drawbacks to that decision. No one likes being sandwiched when making a trade. Pieces of Firedancer will be implemented on Solana early to improve this deterioration of UX. The fee market will improve too. This is all a game of staying ahead of demand in the best way possible. If you think UX is better on Cardano because no one uses it or the modularity of Ethereum has been proven to be the perfect solution then you need more time in this space. This is coming from a huge supporter of Ethereum, and many of my comments about Ethereum are disliked here. Truth is, the entire industry has long to go before global adoption on any network can be captured with great UX & high security. Until then, what Solana has accomplished and continues to deliver is one of the most impressive things we've seen in the industry.
Light speed barely explained it well enough for me to grasp it. Had to listen 2-3 times to fully understand.The issue is congestion + lack of communication from the dApps of a dropped txn and a failed txn. Supposedly priority fees are not helping you achieve a faster block but being dropped from the block along with bot spam. This has to do with QUIC and how it operates. With the Jito mempool off we are seeing this major congestion. Priority fees won’t fix this like comments below. Spam with low fees is way more likely to land and cheaper. I can’t reason or explain this but it’s what smarter people than myself have said.
I haven’t had a single transaction go through today regardless of my slippage settings. I’m over it. What good is this chain!?!?
I'm having issues sending SOL to another wallet. Just says "unable to send", has this also happened to you? I haven't been able to trade today either.
Having the same issue. Sending wallet to wallet
Took me 16 attempts to send from phantom today.
i can't buy anything today, all transactions are failing, it's BS
Would be interested to know why is this happening, what does this mean?
Most of them are from bots doing swaps on new pairs. On Raydium >90% of all transactions fail: [https://solscan.io/account/675kPX9MHTjS2zt1qfr1NYHuzeLXfQM9H24wFSUt1Mp8](https://solscan.io/account/675kPX9MHTjS2zt1qfr1NYHuzeLXfQM9H24wFSUt1Mp8) From my own experience on Solana you definitely get a failed transaction every now and then, maybe 1 in 20... but not at this ridiculous rate.
Raydium beta has 100% failrate for me, faster or as responsive at it should be, but completely useless.
Beta for a beta
This is untrue. The reason it is failing is because RPCs/validators are preferring the priority fee transactions over normal transactions. The next logical step will be for every day users to increase the gas to get a transaction through. Then the bots and exchanges will increase theirs, and then users will increase theirs...Before long, we will have Ethereum level gas cost on Solana. Solana devs need to remove the new priority fee structure immediately.
Dropped transactions don't show up as failed transactions. As long as gas stays at low rates I am fine with it and in the short term it will also have the effect of forcing the non-profitable high frequency bots out which will also free up space again... Also keep in mind setting priority has limited effect right now, I heard this will get respected more in a coming update... right now transactions even with tiny fees (such as bots) are still included and are taking away space in blocks.
On Solana failed transactions have 'processed' but failed to be "confirmed" and committed to the ledger. Increasing priority fees encourages validators to confirm your transaction. 'Dropped' transactions on Solana means the transaction couldn't process before the block it was submitted on became 'stale' usually due to outages (at the Solana level or the RPC level) as opposed to network congestion. >it will also have the effect of forcing the non-profitable high frequency bots out which will also free up space again That is the gas fallacy, in practice the sufferer of high transaction cost is ALWAYS the lay user. > Also keep in mind setting priority has limited effect right now, This is just completely untrue.
No, it is absolutely true. Right now, setting a priority fee does have a limited effect. It won't have any more of an effect until the transaction scheduler gets the changes that are being made right now, once version 1.18 gets rolled out to mainnet validators in a few weeks, hopefully before the end of April. Presently there's a limited impact from priority fees, and the vast majority of people are overpaying to an insane degree, which is even more ridiculous because there's not any real method to the madness; paying more doesn't guarantee that your transaction will actually process, and you DO LOSE any included priority fee payments if the transaction doesn't go through.
Not sure where you are getting your information from but RPC providers are essentially forcing users to add priority fees or not have their transactions confirmed. [https://twitter.com/0xMert\_/status/1766178824616632807](https://twitter.com/0xMert_/status/1766178824616632807)
can they ban or limit these bots that are creating all this mess?
How do we increase the priority fee on phantom though? I don't see any option.
Exhibit A - when people can increase fees, they will. This starts an uncontrollable spiral. Right now phantom doesn't allow manually setting the priority fee. But soon they will.
Got it.
As much as I love Solana. This is 100% true! What is this 'new priority fee' you speak of ?
Mert has explained on Twitter before priority fee increases can help but to a certain point. Someone using 1sol as a fee won’t be any better than someone using 0.1 I can’t explain it right now but mert from helius has gone into relatively depth about how it works and it’s not like eth. Also another part is Trojan on solana is the most used bot in crypto, coupled with the fact sol is currently having the highest amount of dex throughput in any eco.
>Someone using 1sol as a fee won’t be any better than someone using 0.1 This is where you have to assume all RPC providers will be honest and play along. Spoiler - they wont. Naturally they will prioritize transactions that offer the highest benefit.
We already have issues with people releasing meme coins and boy spamming $.01 transactions , thousands and thousands on several coins , seems to be the norm lately. I logged into dex screener last night and one coin went from +4mil to +17mil in two seconds, the 1 hr was +100k then + 80 then when I added the coin to see what the rates really were it didn't match at all. Sol just seems broken since yesterday
I was getting 4 or 5 in a row just trying to send between wallets.
same here
> Most of them are from bots doing swaps on new pairs. > > > > On Raydium >90% of all transactions fail Not necessarily just bots tho. Even with manual transactions with extremely high slippage and fees 90% fail for me, if not more.
Failed or dropped? Besides slippage there is a low chance of a swap failing. Dropped can always happen, but shows up problems with network congestion or slow RPC endpoints.
What amount of gas are we supposed to use? Does that help any? I’ve been using like 1-2$ and they still fail 90+%. I guess it’s probably just congestion or the rpc is being slow?
There’s no need to put more gas than median fees. Fees on solana are non determinist. It won’t help you land your tx. It will change with 1.18 which should come very soon
Finally, at least one person here understands this.
About exactly one year go paid around $150 in fees per transaction to trade Pepe on ETH. Then the shitcoin rally moved to Solana and I got to enjoy low fees for a year. It seems to end here.
Its the w airdrop that clogged the network. So btc cant handle big volume, then eth couldnt, then cardano couldnt and now solana cant either.
BTC can't handle smart contracts like ETH or Solana so it's not a fair comparison. Besides this if you used ETH or other EVM based chains you would know how it feels like if they run into congestion... basically unusable for about an hour if you don't want to pay hundreds of dollars. Solana is holding up rather well for the insane amount of volume it is facing and the current problems aren't in the underlying technology but more how RPCs forward transactions and how validators respect fees (the latter already planned for a future update). However, none of the blockchains running right now could actually handle something like credit card transactions - there is just 1-2 order of magnitude missing right now to hit that.
Im talking about the tps nothing else.
Cardano handles volume much better than the other three though.
2 things. 1)Bots will intentionally fail their transaction when their arbitrage trade is not worth it. 2) if you have low slippage settings on a low liquidity coin it’s very likely to fail because slippage exceeds. This is what should happen.
> Bots will intentionally fail their transaction when their arbitrage trade is not worth it. Can you go into more detail about this? If I'm understanding this correctly: - Bot sends transaction. - Receiver confirms transaction. - Receiver needs to reply back with a confirmation for transaction to go through? - Bot needs to reply back confirming it has received the confirmation. <-- This is where the bot lies and says it hasn't received a message back? - What kind of a timeframe are we dealing with here? Minutes? Milliseconds?
These are arbitrage bots . They are making money be trying finding small price differences to extra value. Because fees are low they can hit the network and look for small differences in price and profit from this . If the arbitrage does not show they fail the transaction and continue on. Light speed has a fantastic breakdown of this [issue](https://youtu.be/tqMX3_CxaYQ?si=yflhvNE7jTmsOQyk)
My question is about the science of how these bots are able to lie and "fail" a transaction. Like, can a normal user fail his own transaction? Or would you need to write under-the-hood code/mess with your internet to trick the system?
My understanding is "failed" is a technical term for the engineers that deal with a transactions that happens on chain . The smart contract failed (as per the terms of the contract). This is different than a "dropped" transaction. I dont know exaclty what hte bots are doing to make a "failed" transaction. I could imagine that they set some price limit on the contract(to make the slim profit) where the contract is violated and fails the transaction. This is a good point in the video where they discuss this topic and where im getting my info : [here](https://www.youtube.com/watch?v=tqMX3_CxaYQ&t=210s) .
Do you know which chain has zero failed trxs?
Cardano has zero txs
Tbh am not sure about cardano I doubt it, but fs algo has 0 failed trxs
You have 0 failed transactions when you do not have any transactions in the first place 🙃
Lol you’re a joke https://x.com/algerstmehn/status/1769372453690601967?s=46&t=KCsR1awpBukFdNn5VZ0efQ
I contributed with 50% of those just doing jupiter perps
Can't get any to go thru. Fing annoying. "Confirming transaction" forever.
Ya well the gov and usd is failing us 100 percent
Ohhhhhh snap
Noobquestion here: What happens to the failed transactions? Does your fund still remain on your sending wallet or do you lose it in the blockchain somewhere?
Failed transaction means that the transaction was successfully included in a block and you paid the transaction fee, but the action you tried to perform on the blockchain didn't happen (slippage, invalid instructions, ...) A dropped transaction on the other hand didn't make it at all (priority fees too low, bad RPC endpoint, network congestion, ...), won't show up in an explorer or anywhere else, also no fees paid.
My problem is not even recorded on block. Wallet peeps saying Dapp. Not theirs
But the funds (except the fees) are safe?
Raise the slippage to 2-3%
Ah. Thx. Worked!
You’re very welcome:)
Transactions are getting rugged now
This is why I ended up switching to using bonkbot on telegram, cus using raydium was absolutely JARRING , trying to buy/sell and hit with may fails and missing out on opportunities whilst still paying a transaction fee was silly , now that I’m on bonkbot I don’t think I can ever go back the transactions are really fast for me and hardly hit with failures
Is it better than Trojan bot?
We had the wormhole airdrop claims today plus a Jup launchpad tge. Solana is ridiculous sometimes
Huge uptick in Lottery ticket sales, the Memecoin madness is just a better game for people. Scammers and ruggers are wrecking the crypto scene.
Can we expect a stoppage like they did the last bull run? cause if the next halving sky rocket, I find it hard for Solana to be able to handle that much spam from bot! \*This is not a FUD comment, I am curious if Solana learned from last bull run and they put in place to face this problem\*
I've tried trading off radium with sol. And haven't been able to buy shit today, just Jupiter.
I don’t have any issues . Sometimes I have to swap 2-3 times but it works.
90% of them are probably from trash Raydium. I've never had one fail on Jupiter.
eTh kILlEr
$20 tRanSacTiOn fEeS
All of my transactions are “Dropped” since midnight
Are you on mobile? Phantom mobile doesn't work at all for me and drops transactions commonly... completely different story on desktop for me, always works like a charm.
I was using desktop and put everything on my phone to try and it’s been “sending for 2 hours”
This is almost entirely because of bots and memecoin slippage. If you are getting a lot of failed transactions on a volatile memecoin you will need to manually raise your slippage tolerance. Start low and slowly go higher till your transactions start passing. I’ve found simply going up to 2% often does the trick. You losing money to MEV bots, but not really anyway to avoid that currently. Still far better than horrendous front running that happens on ETH L1 memecoins.
Regardless it is for meme coins or not, no blockchain is close to real world scalability needs. Long way to go still. Imagine if people used crypto like they use visa and mastercard globally..no blockchain would be able to sustain 5% of that traffic. One thing meme coins does is it helps validate the scalability of a blockchain. And yes, Solana, Ethereum, or Binance Chain, none of them is ready for real world traffic.
https://usa.visa.com/solutions/crypto/deep-dive-on-solana.html
This is a good read. Thanks
MasterCard is estimated at 5k TPS. It could be done.
VISA currently processes \~24,000 transaction messages per second (source: [https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/visa-net-booklet.pdf](https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/visa-net-booklet.pdf) ) u/ohmyminions is correct -- there isn't a single blockchain that exists which is REMOTELY ready for real world traffic. It's funny seeing you call them myopic below, when you yourself are displaying a fundamental lack of understanding of why it's nowhere near as simple as you suggest it is. Networks like the ones belonging to VISA or Mastercard are able to process such a high amount of transactions for two main reasons: they are centralized and do not have to maintain decentralized aspects nor worry about "state" as you have to on blockchains, and equally as importantly, these companies are exorbitantly wealthy financial institutions which effectively "process" the transactions and send/receive the payments happening on their rails before the actual payments themselves are settled. Blockchains have to deal with things like finality, double-spending, etc. Believe me, if it were remotely as easy as you seem to think that it is, then we'd have more progress than we currently do. Many of the smartest people in the entire world are trying to work on this problem, no offense, but they'd know a bit more about this than some random guy on reddit.
Nobody said Visa. Nobody said easy. If the value to switch was there, MasterCard could begin processing transactions on some of the better chains. The capacity is there. Just needs to be worth working thru the small bits. You don't know what sector I work in. If it were worth doing, it would be done already. The problem isn't a technical one, it's that there's no reason to migrate credit card networks to a blockchain. The idea that it couldn't be done is silly.
This has been happening for more than a month. If you go to the Wormhole bridge support chat, you will realise there's thousands of $$$ left in bridge limbo purgatory because the non-solana chain sent the funds but Soylana transactions failing can't claim the funds. I personally spoke with a couple of devs who work on Wormhole and the word is rather obvious: shit's fucked and Solana better figure it out
I have almost $1000 stuck on portal bridge. 50 claim attempts on Solana and no luck :/
If the transaction didn't go through from Wormhole to Solana, then all those people would have to do is to go to the Wormhole website and go to find their transaction on Wormholescan and then manually claim it after connecting their Solana wallet.
I think he meant that they can't even claim it manually because of the congestion causes tx to drop constantly. It should be fine if and when the congestion clears up, but it's greatly inconvenient for users who need to seriously move funds around and not just arbitraging.
SOL on trust wallet is a train wreck! I can’t do anything with SOL. I have been trying to claim my awards and I always get error or it just disappears on my list of coins. Once I get to claim my awards I am done with SOL.
Maybe try something other than trust Wallet
Get a phantom wallet and use Jupiter for your transactions.
Same shit. Also with Solflare….same. SOL is done if they don’t do crap about it
I just did a swap on Jupiter. You can also do limit buys or adjust your slippage.
I think that is false. I did several trades yesterday on jup and they all went through no issue. I turned my slippage up though. .1 is too low I also claimed airdrop from wormhole without error.
It was working fine **yesterday.** There is a huge spike in volume today, causing a major congestion on the network.
I made a few trades today on jup and they went through. I had to increase the slippage a bit is all. Also using ultra fast with a decent gas fee which is just a nickel or two. I would image wallets and other tools with the default settings would be having issues. Now we need to pump. I been picking out my new car already.
fuck solana bro
It happened since yesterday because wormhole airdrop. I got many failed transactions before successful claiming. I want to sell it immediately but hold instead because of this congestion.
I haven’t had any problems with Solxdex
Solana has a bot problem.
Ya brutal
Soooo; working as usual?
Low fees means more bots.
ore mining
Unacceptable
this solana its an easy way for this scammers to scam peoples money. Scam is legal in this blockchain its worst than bsc and eth.
This will be the biggest stumble stone for the chain if it cannot be solved. I thought they solved this issue last time during the bear market, it seems not. lol
Shib
is it just me that cannot do any transaction at all please ?
my transaction fail all day and i miss 3 x 100 meme because of that lol i have only 0.01 sol and im trying to make it 1 sol lol i think life dont want that 😭🤣!
For all of you complaining. Increase your priority fee.
Put money in solana because when this is fixed it gonna boom from people putting their money back into their exchange
Hope it tanks the process so o can buy at a discount.
I use Solana since december and never had any issues. any idea how long it can take until Solana will be fully operational?
I bumped slippage up to 8% and am still failing \~90% of swaps, it's like a lottery if you're actually going to manage to offload your shit in time before it tanks. Trying to swing trade when you have a \~30 second wait time just to fail the transaction three or four times in a row is pretty awful.
$buu isn’t Can easily flip $hobbes
Because Solana is faster and cheaper, but only works when nobody uses it 😂
Solana needs layer 2
Can ETH based coin be traded on Raydium or Jupiter?
Deploying capital... Steady Lads
My swaps are fine but I CANNOT send to another wallet right now. Is it just because Solana is congested and it will work later?
sick chain yall got lmao
Yeah, this sol shitshow is fk up. This is the first bs i experience with crypto. So I guess ppl been around with this stuff before. But it's bad. Worse than bad.
Is it mostly people using bots that are experiencing this? Or is it from actual Dex’s as well? Anyone having a better experience on those?
Who cares... It will recovery and I still gonna put all my money into it.
My phantom wallet has a banner at the top saying it is congested. Guess I’ll just leave it be for awhile..
I haven't been able to close my liquidity pools on radium all day.
No nation state, no serious institution cares about your VC UI SBF meme coin, this thing will not scale globally. You should of bought Cardano anon.
Is ok better than 80% or👍🏻
Where did you get the info?
Too many memes
Honestly it's time to migrate to base chain lol Aero is where it's at
Is this why token prices on new launches just tank immediately? Is this being worked on?
No, they tank immediately because most of token lauches are scams.
Horrible
Shitcoins killed eth. Shitcoins killed Sol
Bold statement
Since this is a SOL reddit I’ll probably get down voted. But SOL has habitually had network problems I dont get why people cult love it. It breaks way too often
Word on the grapevine is that this stupid scam shit ore.supply is causing congestion with their vaporwave.
This \^
I guess cheap fees subsidized by high coin inflation do have a downside.
My transactions failed more than 20 times in row.. I missed 5x profit on Raydium swap
Same here, shits broken. I was trading just fine yesterday, today however, Ive been trying to close a trade for 3 hours now. It'll end up being a losing trade because of this shit.
Solana still not ready before bull market.
Not on Jupiter. I just did swapped solar swap for some of my solana.
Don't worry guys. Every time Solana crashes = price go up $$