Solana's recent performance has been quite eye-catching. According to official data, the network's daily active addresses surpassed 31.7 million on September 10, setting a new record. Behind this growth, several factors have been working together.

First, the Telegram ecosystem's BOT-type Meme coins have gained popularity—daily trading volume easily exceeded $500 million. Additionally, the decentralized order book protocol Phoenix has also been surging, with September's trading volume increasing by 420% month-over-month, reaching a total of $4.7 billion. Developer tool Solana Playground has also surpassed 500,000 users. In terms of ecosystem activity, Solana has indeed attracted a lot of attention.

But problems have also arisen, and they are quite serious. On September 15, the network's transaction failure rate peaked at an astonishing 68%. In other words, two-thirds of transactions failed to go through, which is a significant blow to user experience.

Core developer Anatoly Yakovenko recently revealed the team's response plan. The first focus is to launch a new scheduler algorithm called "Agave," aiming to increase network throughput to 100,000 TPS. The second is to optimize the fee market mechanism by introducing a priority fee bidding model. Raj Gokal, CEO of Solana Labs, candidly stated that the network is currently experiencing "growing pains." However, he also emphasized that the infrastructure team has raised a dedicated $200 million fund specifically for performance optimization research.

Ultimately, Solana is using growth to exchange for congestion. The key now is whether these technical upgrades can be implemented as scheduled.