Dogwifhat Leads Solana Meme Gold coin Losses Among Network Congestion

Solana meme gold coin Dogwifhat (WIF) has came by double-digits previously day, as losses among Solana meme coins outpaced the broader meme gold coin category.

WIF is presently buying and selling at $3.46, lower 13% at the time, per data from CoinGecko. The broader Solana meme gold coin category has came by 14.6% at the time and 5.4% around the week, outpacing the 7.6% daily decline over the wider meme gold coin category overall, the meme gold coin category expires 1.6% in the last 7 days.

Other Solana meme coins have dipped in the last day, including BONK, lower 7%, and Book of Meme (BOME), lower 4%.

Solana meme coins’ downward motion in the last week mirrors those of their parent chain Solana may be the only cryptocurrency within the top ten (barring stablecoins) whose cost has dropped in the last 7 days, by 10.6%.

Its negative cost action follows difficulties with network congestion on Solana in the last month, since it’s ecosystem has onboarded new projects and users. Last Thursday, Solana co-founder Anatoly Yakovenko required to Twitter to go over the difficulties of “coping with congestion bugs,” during recent days a number of crypto projects have delayed token launches because of the congestion issues.

Solana developers have apparently set April 15 because the target date to deploy a treatment for an “implementation bug” that’s sent transaction failure rates around the network spiraling. The problem presently facing the network is “not really a design flaw, this is an implementation bug,” tweeted Mert Mumtaz, Chief executive officer of Solana blockchain infrastructure firm Helius Labs.

He added that, “implementation errors are often trivial (they may be exchanged for other implementations) — but design errors are usually serious and much more fundamental,” and designated an implementation of the networking protocol, QUIC, as the reason for “certain deficiencies and bugs at this time.”

Edited by Stacy Elliott.

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