The Solana blockchain community recently raised concerns about Coinbase due to prolonged transaction delays on the network. Screenshots shared on social media revealed that transactions on the Solana blockchain were taking up to 45 minutes to process, much longer than other networks like Base, Algorand, Arbitrum, and Avalanche.
In response to these delays, Coinbase’s support team attributed the issue to wallet maintenance or blockchain problems, suggesting that Solana’s infrastructure was to blame. This explanation caused frustration within the crypto community, with some members accusing Coinbase of favoring its Base network over Solana.
Solana, the third-largest blockchain network behind Bitcoin and Ethereum, quickly responded to these claims. Mert Mumtaz, CEO of Helius Labs, a Solana-focused RPC provider, clarified that the delays were not due to Solana’s infrastructure but rather Coinbase’s internal indexing systems. Austin Federa, Solana’s Head of Strategy, also dismissed Coinbase’s explanation, attributing the delays to internal technical issues at the exchange.
A community note added to Coinbase’s support statement highlighted that the exchange had been experiencing unexplained delays with Solana transactions for months. The note also compared blockchain performance metrics, showing Solana’s Time to Finality (TTF) at 12 seconds, much faster than Base and Arbitrum at 16 minutes.
Coinbase eventually resolved the issue, acknowledging the delays on its status page and confirming that they had been resolved as of Nov. 28. Andrew Allen, a Protocol Specialist at Coinbase, reassured the community that both the underlying issue and UI fix had been applied.
Despite the resolution, some community members continued to criticize Coinbase, accusing the exchange of being unfriendly towards the Solana network. However, Milk Road creator Kyle Reidhead urged the community to appreciate Coinbase’s broader contributions to the industry rather than focusing solely on this issue.
Overall, the Solana community’s concerns about Coinbase’s handling of transaction delays have been addressed, with both parties working towards resolving the issue and moving forward in a positive direction.