Coinbase CEO Brian Armstrong announced that the exchange has resolved all pending Solana transaction delays—a response to growing user frustrations over slow processing times.
He shared an update via the social media platform X on Jan. 22. The post confirmed that Solana transaction are now working as expected and that canceled transactions can be retried.
Armstrong wrote the following:
“We have the Solana backlog triaged, and transactions should generate quickly again. If your transaction got canceled you can retry it now – apologies for the trouble.”
Armstrong acknowledged the inconvenience caused by the delays, emphasizing that Coinbase must improve its infrastructure to support Solana’s ecosystem better.
He highlighted plans to enhance the exchange’s capabilities for handling decentralized exchange (DEX) and memecoin trading, which are common on Solana.
Armstrong also stated that Coinbase wants to give Solana the same priority as it gives to Bitcoin, Ethereum and Base. He said:
“Our goal is to provide tier 1 support for Solana, with the same level of support as Bitcoin, Ethereum, and Base (which also saw delays recently due to large surges of activity btw).”
Coinbase’s Solana history
Solana is known for the speed of its transactions, but has had issues with Coinbase in particular during periods when trading volume spikes.
Over the past weekend, the increased demand of memecoins featuring Donald Trump caused congestion in the Solana system. There were also disruptions to key services, such as Phantom Jito Jupiter.
But these problems aren’t new for Solana users who depend on Coinbase. Coinbase previously blamed delays up to 45 mins on issues related to network or wallet maintenance.
The delays in recent months have been longer than ever, and reports indicate that transactions can take up to 21 hours. These extended wait times have sparked concerns about the exchange’s operational efficiency and ability to manage high-volume periods effectively.
Despite the setbacks, Armstrong described the increased activity as a sign of growth for Solana’s ecosystem. He reiterated Coinbase’s commitment to improving support for the network, ensuring a seamless experience for users during times of high demand.
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