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r/solana
153k members
Welcome to the official Solana subreddit. This is a place to post any information, news, or questions about the Solana blockchain. Web-scale blockchain with speeds of 50k TPS. This subreddit is operated by the Solana Foundation.
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r/CryptoCurrency
5.5m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/solanasail
465 members
Solanasail community support for the overall ecosystem(SAIL, gSAIL, dSAIL, vSAIL and nSAIL)
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r/NFTsMarketplace
263k members
A place where you can buy, sell, promote, and learn more about NFTs! Share your work, tell your story, but most importantly, interact with others, it's the only way to find people that truly connect with your work.
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r/NFT
520k members
The NFT subreddit is a gathering for those interested in Non-Fungible Tokens. Non-Fungible Tokens are set to change how value interoperates across the digital landscape of media in the new Web 3.0 version of the internet. These unique asset span across video games, blockchain domains, representing a claim on physical assets, and even as decentralized identities.
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r/ethtrader
2.2m members
Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.
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r/opensea
164k members
OpenSea is the first and largest NFT marketplace. Buy, sell, & create the world of NFTs: cryptoart, game items, domain names and more! Contact the mods if you'd like to do an AMA. OpenSea support will never DM you! Please open a support ticket if you need assistance: https://support.opensea.io/
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r/NFTExchange
77.4k members
NFT Exchange is the hot spot that users share the general informations of Non Fungible Tokens, including the trade of NFT.
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r/CryptoMarkets
1.1m members
Crypto Market Analysis & Discussion. Demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, token, volume, oscillator, RSI, stochastic, trend, trends, sentiment, strategy, coin, coinmarketcap, coingecko, messari, altcoin, blockchain.
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r/kucoin
124k members
Find the next crypto gem on www.kucoin.com, People's Exchange.
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r/sandiego
302k members
The official subreddit for San Diego California, "America's Finest City", we’re a rapidly growing (over 300,000 strong!) community serving the whole of the San Diego. We also serve the various counties, plus info concerning our sister city Tijuana MX in the sharing of information, opinion and events to bring us closer together in the richness & diversity that makes us “America’s finest city” * Local Covid-19 information regularly updated by our users.
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r/algorand
75.8k members
The community controlled subreddit for the carbon-negative Algorand blockchain and cryptocurrency.
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r/ExodusWallet
27.4k members
Welcome to r/ExodusWallet! This is the sub dedicated to the discussion of the Exodus cryptocurrency wallet. For official wallet support, please email support@exodus.com. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Remember: Exodus will NEVER ask you for your 12-word phrase, keys, or identifying information. Exodus will NEVER send you to another website to do any kind of updates except for our official website at www.exodus.com.
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r/NFTgiveaway
37.3k members
Giveaway your NFTs! Have fun, be nice, avoid posting discord or telegram links
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r/SamoyedCoin
4.7k members
Samoyedcoin ($SAMO) is Solana's Ambassador, #1 largest dog-coin, and the hottest dog in the Cryptosphere 🌭 Samoyeds (Sam-oy-d) or camoед are a dog breed originating from Eastern Europe, same as Solana's beloved cofounder's, Anatoly Yakovenko! SAMO also bears the name of Sam Bankman-Fried - CEO of FTX and Alameda Research and one of the Solana ecosystem's most prominent figures - making it the perfect Solana dog 🐕
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r/CryptoCurrencies
377k members
We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
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r/CryptoMars
142k members
This subreddit is for the analysis of risky or super low market cap cryptocurrencies with huge upside potential. • Don't share anything without proper info. • DYOR, NEVER FINANCIAL ADVICE.
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r/StepN
48.8k members
STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements that uses a dual-token system. Users equip NFT Sneakers – walk, jog or run outdoors to earn tokens and NFTs. 🏃🏾🏃‍♀️🏃🏻‍♂️ __________________________________________ Users can trade their NFTs on the in-app marketplace. User earnings are stored on the in-app wallet, which has a built-in swap function. 🏃🏾🏃‍♀️🏃🏻‍♂️
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r/RatchetAndClank
45.2k members
This fan-ran subreddit is dedicated to the PlayStation exclusive series Ratchet and Clank. It is intended to host content related to the series and provide a place of discussion for fans of the games.
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r/AlgorandOfficial
69.8k members
Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Founded by Turing Award-winning cryptographer Silvio Micali. Algorand runs on a highly energy-efficient network and is carbon neutral.
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r/ledgerwallet
92.7k members
Discussions about Ledger's products. Visit us @ ledger.com
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r/argentina
437k members
Noticias, imágenes e información y todo lo demás que tenga que ver con Argentina en reddit! - News, images, links and everything related to Argentina in reddit! English speakers Welcome!
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r/NFTCollect
28.6k members
Talk about collecting, trading, investing, creating NFS's on blockchain/crypto basis and more.
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r/loopringorg
104k members
Loopring Foundation is a blockchain research organization building protocols, infrastructure, and user-facing DeFi products for the future of finance. They operate their products atop an Ethereum zkRollup Layer2 Exchange & Payment Protocol (v3), the Loopring Protocol. These products include the Loopring Wallet app, an Ethereum L1 & L2 social recovery smart wallet, the Loopring Layer2 Decentralized Exchange (DEX), a non-custodial orderbook & AMM-based zkRollup L2 DEX, and the Loopring L2 Relayer.
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r/BATProject
88.9k members
Basic Attention Token (BAT) is a revolutionary digital advertising and rewards platform from the inventor of JavaScript and co-founder of Mozilla & Firefox that rewards users in Ethereum-based BAT tokens for ads they choose to see, and soon for using DeFi swaps. Start earning and using BAT now in the Brave browser. We're making Crypto and DeFi accessible for everyone.
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r/GateioExchange
32.9k members
Welcome to the official subreddit of Gate.io, one of the largest cryptocurrency exchange platforms created to enable traders with revolutionary tools. We are your Gateway to Crypto!
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r/Chainlink
78.6k members
Welcome to the Chainlink subreddit, a place for focused and technical discussion of decentralized oracles.
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r/defi
104k members
r/DeFi is the leading cryptocurrency community dedicated to the decentralized financial ecosystem across all blockchains
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r/NftGiveawayOnly
10.0k members
NEW NFT 🌎 Welcome, This page is ONLY for promoting your NFT art and GIVEAWAYS. Scammers will get blocked and reported ✅
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Posted by2 days ago
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Posted by1 month ago
“Please don’t rush like what we did,”

It's bad enough losing your funds in a hack due to poor security but the team at OptiFi (no of course you haven't heard of them they're on Solana) have gone and outdone the rest of the hastily put together defi space by completely bricking their own platform and losing approximately $661k worth of USDC.

Whilst it's definitely not the worst loss we've seen this year, it's certainly one of the dumbest the timeline as follows:

https://twitter.com/OptifiLabs/status/1564367455220219904

On 29th August around 06:00 UTC, we had an update to our program code, and our deployer tried to upgrade the OptiFi program on Solana mainnet. However the deployer accidentally used the solana close program command, resulting in our OptiFi program being shut down.


Without fully understanding the impact, we used 'solana close program' and the OptiFi program on mainnet was closed, and cannot be recovered anymore.


661k USDC is locked in the PDAs, luckily 95% of the fund is from our team member 3. We will compensate for all users’ funds

Defi strikes again. Without knowing what the "close program" command did on Solana mainnet the devs managed to completely brick their own platform so if you were ever wondering if you're qualified to work in the defi space the answer is probably yes provided you can read and know how to do a rudimentary search before copy pasting.

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Posted by12 days ago
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Posted by27 days ago

"Solana is down again. Solana is offline. Solana always fails."

These are the common mantras often spruiked by members here.

What many fail to realise is the significant progress that has been made by the developers on the Solana blockchain in recent months.

So why does Solana seem to get congested?

In the past, when Solana experiences a larger than normal number of transaction requests, it slows down. Ethereum alleviates this issue, by raising the price of its gas fees. However, Solana does not, the fees remain the same, so the network becomes congested.

In some cases, the network becomes so congested, that transactions get interrupted or stalled, and the network goes offline. Stalls. It then needs to be restarted from the previous block by the validators.

What has changed?

Among the many improvements, the Google-supported QUIC protocol was implemented and stress testing has been underway for some time now. Validators have also been working hard to upgrade to the latest software to bring them all in line.

This was especially more difficult as another change made was also the number of validators is almost at 2000. Coincidentally, this has led to a vastly improved Nakamoto Coefficient of 32. Higher than most of its competitors.

Stress tests using the QUIC protocol

These tests have shown that the network is able to handle over 14000 transactions per second. For reference, most other major blockchains process less than 1000 transactions per second.

The average TPS rate on Solana usually hovers around ~3000


So why was today special?

NFT Mints.

I'm not fond of NFTs, but I can't deny their success on the Solana chain. A much hyped token mint called Y00ts, was launched today. This brought a massive influx of speculators and NFT collectors to the Solana chain simultaneously in the hope of snagging one.


TPS during the NFT mint - steady and stable


Despite the obvious stresses, and past experiences, the chain did not stop, halt, slow down at all. The fact that nothing happened whatsoever, is undeniable evidence that the changes being made by the Solana developers are working.

People here love to bag it out for its dodgy performance, but there's a reason I remain very bullish on Solana, despite all the downvotes I cop for it.

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Posted by1 day ago
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