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@messari

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Solana is the fast, low-cost blockchain that simply never works Solana has experienced more than 150 hours of downtime over the last three years — and meme coins are making the problem worse. Solana’s congestion difficulties As of April, 75% of all non-vote SOL transactions were failing, mainly due to the demand for meme coins on the network. Users took to X complaining about the degraded user experience. The high transaction failure rate was largely attributed to a surge in bot activity — which is not exactly a ringing endorsement for the network. Related: Solana illustrates the dark side of monolithic blockchains Solana’s history of frequent network failures dwarfs that of other major chains. It suffered from a five-hour outage on Feb. 6, two months before its April failure. In January 2022, it experience a whopping 58-hour outage. The network has suffered nine network outages since 2021 alone, spanning more than 150 hours of downtime.
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Elmnts Emerges From Stealth With Plans to Launch Commodity Tokenization Platform Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this sector. Elmnts to Launch Solana-Based Commodity Tokenization Platform to Streamline Investment in Oil and Gas Assets According to the website, Elmnts, pronounced as “elements,” derives its inspiration from the periodic table, viewing its services as essential components of a diversified investment portfolio. Leveraging the Solana blockchain, known for its swift, cross-border transactions and minimal fees, Elmnts aims to transform how investors access and interact with commodity markets.
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Messari’s New Report Recognizes Nervos CKB as a Game-Changer for Bitcoin’s Scalability and Programmability In a groundbreaking analysis, leading cryptocurrency research firm Messari has published a comprehensive overview of the Nervos Network (CKB), spotlighting its pivotal role in enhancing Bitcoin’s technological framework. The report details how Nervos leverages its innovative Layer-1 blockchain and RGB++ protocol to address critical scalability and programmability challenges within the Bitcoin ecosystem. According to the report, Nervos Network not only expands on Bitcoin’s fundamental technologies but also introduces significant improvements with its Cell Model and CKB-VM. These advancements facilitate more complex applications and transactions on the blockchain without sacrificing the core principles of decentralization and security.
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