ChainCatcher message, OKX Chinese official posted on X platform stating that due to the excessive number of participants in the MemeFi airdrop, the wallet has experienced network congestion. Some users are experiencing slow wallet loading or network anomalies. Engineers are urgently repairing the issue and will notify as soon as it is restored.

ChainCatcher message, Solana Status recommends Solana mainnet Beta validators to use version v1.17.31, which includes several enhancements aimed at helping to alleviate the current congestion issues on the network.

ChainCatcher message, Anza, responsible for addressing the congestion issue on Solana, posted on the X platform stating that it is now recommended for MainnetBeta validators to generally use version V1.17.31. This version includes improved features that will help alleviate the ongoing congestion issues on the Solana network; further improvements will continue in version V1.18.

ChainCatcher news, Solana's new software development company Anza tweeted that it has made significant progress after collaborating with core contributors to analyze the root causes of Solana network congestion and evaluate multiple potential changes, with hopes to start releasing fixes next week. In addition, the Anza team tested a patch for the current network congestion yesterday. The officials stated that the core issues are related to the QUIC implementation and the behavior of the Agave validator client when handling a large number of requests. The team will roll out more improvements and changes over the coming months.

ChainCatcher news, Andre Cronje, a director of the Fantom Foundation, expressed his views on the recent frequent congestion of the Solana network on social media. Many skeptics see this as a failure of Solana and mock it. However, Cronje believes that the congestion is precisely due to the thriving development of the Solana ecosystem, leading to a significant increase in demand for block space.Cronje pointed out that performance bottlenecks are engineering challenges, not flaws in the consensus mechanism or other key components, and the Solana development team is working hard to optimize. He described Solana as a "victim" of its own success.

According to ChainCatcher news, Binance has temporarily suspended BTC withdrawal services due to network issues. The Binance team is working hard to resolve the problem, and the withdrawal function will be reopened once the network is stable. Funds are safe. (Source link)

ChainCatcher message, the encrypted wallet Phantom announces the introduction of priority fees on Solana, which will automatically increase fees during network congestion to prioritize users' transactions in the block for quick execution. (Source link)

ChainCatcher message, the Arbitrum token ARB claim has reached the scheduled block height, but the current foundation website is down due to network congestion, displaying a 429 error. (Source link)

ChainCatcher message, the lending protocol Solend is experiencing slow liquidations due to congestion on the Solana network, resulting in a large number of positions not being liquidated in a timely manner. In the SOL loan pool, users owe the protocol $29.7 million USDC, while the SOL collateral is only $32.6 million. The LTV has reached 91.1%, exceeding the 85% liquidation threshold. The protocol must sell nearly $2 million worth of SOL collateral to bring the loans back below the liquidation threshold. (theblock)