Howdy!

Welcome back to Lightspeed, where we’re trading memecoins to keep you informed. Is Blockworks the first media company to own BODEN?

Let’s dive into the state of the blockchain.

Inside Solana’s congestion 

Much was made of Solana’s dropped transaction problem in early April. The network buckled under a rash of memecoin launches and speculative projects making use of Solana’s low fees. Users encountered slow confirmation times and struggled to get their transactions included in blocks.

On April 15, Solana rolled out a network upgrade it said would “help alleviate the ongoing congestion” on the network. The announcement was met with general “we’re so back”…

Read more on Blockworks