Key Insights
➢ Solana has suffered chronic service degradation due to unreasonably cheap fees and
opportunistic bots chasing NFT trades
➢ Transaction rates appear to have been mostly saturated until recently
➢ Exogenous fee hikes have temporarily stemmed the tide of spam but don’t obviate more
robust fixes to the coin itself
➢ IP address spoofing is soon to be squelched by a protocol change
➢ Congestion fees are being designed which attempt to respond with wallet granularity
➢ Block broadcasts are being optimized to reduce latency
➢ Virtual machines might soon be charged for wasting resources during partial program
executions
➢ Trivial (“dust”) staking is to be banned
➢ History deletion is under consideration for blockchain truncation
Authored by Vince Torrell
@ReflectionDGTL
***
Reflection Digital is focused on expanding crypto adoption in APAC. We help institutions navigate the
evolving world of decentralized finance with our lower-volatility fund products and research. We also
support teams and communities building the next generation of the internet. Prior content can be
found at reflectiondigital.substack.com including:
❖ Report: Deep Dive on O2O Lenders
❖ Report: Stablecoins in Unstable Times
❖ The Macro Case for DeFi
❖ Tokens: Part 1 & Part 2
❖ Southeast Asia – A Web3 Juggernaut in-Waiting
Solana’s Quest for Decongestion