Coinbase CEO Brian Armstrong announced that the exchange has resolved all pending Solana transaction delays—a response to growing user frustrations over slow processing times.
On Jan. 22, he shared the update on the social media platform X, confirming that Solana transactions are now functioning as expected, with canceled transactions eligible for retries.
Armstrong wrote:
“We have the Solana backlog triaged, and transactions should generate quickly again. If your transaction got canceled you can retry it now – apologies for the trouble.”
Armstrong acknowledged the inconvenience caused by the delays, emphasizing that Coinbase must improve its infrastructure to support Solana’s ecosystem better.
He highlighted plans to enhance the exchange’s capabilities for handling decentralized exchange (DEX) and memecoin trading, which are common on Solana.
Additionally, Armstrong stated that Coinbase aims to elevate its support for Solana to match the priority given to Bitcoin, Ethereum, and Base. He stated:
“Our goal is to provide tier 1 support for Solana, with the same level of support as Bitcoin, Ethereum, and Base (which also saw delays recently due to large surges of activity btw).”
Coinbase’s Solana history
Solana, known for its fast transaction speeds, has faced recurring issues on Coinbase, particularly during spikes in trading activity.
Over the weekend, increased demand linked to Donald Trump-themed memecoins caused widespread congestion across the Solana network. Key services like Phantom, Jito, and Jupiter also reported disruptions due to the surge in activity.
However, these challenges are not new to Solana users relying on the Coinbase exchange. Previously, users reported transaction delays of up to 45 minutes, which Coinbase attributed to wallet maintenance or network-related issues.
Recent delays have been even longer, with reports of transactions taking over 21 hours to process. These extended wait times have sparked concerns about the exchange’s operational efficiency and ability to manage high-volume periods effectively.
Despite the setbacks, Armstrong described the increased activity as a sign of growth for Solana’s ecosystem. He reiterated Coinbase’s commitment to improving support for the network, ensuring a seamless experience for users during times of high demand.
