Coinbase Solana transaction delays cause user dissatisfaction, Helius CEO: It has nothing to do with Solana chain

Odaily Planet Daily News Coinbase users complained that Solana transactions were delayed for hours because the Meme coin launched by US President Trump on January 18 caused network congestion, affecting the cryptocurrency exchange. However, Coinbase's delays appear to be at least partially unrelated to Solana. Some users said that the exchange's settlement time was several hours behind the blockchain network. On January 20, an X user described a 15-hour delay in transactions on Coinbase. "Coinbase estimates that it takes 100 minutes to process USDC reception on Solana," Mert Mumtaz, CEO of Solana infrastructure provider Helius, said in an X post on January 20. "To be clear, this has nothing to do with the chain," Mumtaz said of Solana. Coinbase representatives did not immediately respond to a request for comment. (Cointelegraph) Yesterday, Coinbase CEO Brian Armstrong responded to user feedback on X and said: "The team is working hard to expand our Solana infrastructure. There has been a lot of activity on Solana in the past few days, and we did not expect this level of surge."