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Cryptocurrency News Articles

Coinbase SOL Updates:- In a good news for the crypto users and investors, Coinbase has announced the much anticipated upgrade in its Solana infrastructure.

Apr 18, 2025 at 05:04 pm

These updates are particularly soothing to the users who had faced significant struggles on Coinbase exchange and its wallet during January.

Coinbase has announced significant updates to its Solana infrastructure in response to user difficulties encountered earlier in January. These updates are designed to improve transaction speeds and handle periods of high volume more effectively.

Solana's memecoin trading-driven surge has pushed the exchange's Solana stack to ten times higher than its usual throughput.

Coinbase Shifts to Asynchronous Transaction Handling and Bare‑Metal Machines

In early 2025, Coinbase users took to social media to vent their frustration in the exchange's long transactions time for Solana.

A user had reportedly said that two transactions from a Solana wallet to coinbase took him more 10 hrs – to get completed.

Now in order to solve this, Coinbase as part of its new updates has shifted to asynchronous transaction handling.

This means that its systems can now process transactions' blocks in parallel. Previously, transaction blocks were processed sequentially, which created bottlenecks.

According to the largest US exchange's X post this will improve its block processing throughput by 5 times.

This change alone is expected to slash wait times for transaction confirmations. This means that high‑volume periods will no longer compromise user experience or liquidity flows.

According to IBM, these newly adopted servers skip that middleman and let the software run directly on the hardware. This allows Coinbase's systems to use 100% of the server's power.

In simpler terms, this translates to faster processing, quicker responses from the system, and smoother handling of Solana transactions.

According to the exchange, this shift can deliver roughly a four‑fold improvement in remote procedure call (RPC) speed – allowing faster queries and state reads on the Solana ledger.

In addition to software tweaks, Coinbase has migrated critical components of its Solana stack onto dedicated bare‑metal servers. These servers are located in lower-latency regions closer to major liquidity providers.

Currently, the exchange is also deploying back‑end optimizations to ensure better distribution of SOL liquidity across its order books and custody wallets. Its enhanced monitoring tools would now track on‑chain and off‑chain liquidity metrics.

These “operational changes” would give Coinbase's operations team finer‑grained oversight to prevent order execution delays and maintain deep, frictionless liquidity for Solana assets.

Further, these updates to the exchange's Solana ecosystem come as Canada approves and launches first Spot Solana ETFs this week.

Upgrade for Transaction Failures

To bolster resilience, the exchange has also introduced advanced failover augmentations. This will automatically reroute traffic in the event of node failures or network congestion.

The upgrade augments Coinbase's existing infrastructure with multi-region redundancy and health-check protocols that detect performance degradation in real time.

If a node begins to underperform or becomes unresponsive, traffic would immediately shift to healthy nodes without manual intervention. This will help in guarding users against partial outages or cascading failures that have previously led to stalled transactions.

This move follows a recent incident where a user claimed that his two transactions from a Solana wallet to Coinbase took 34 hours to complete.

Coinbase had replied to the user saying that it is aware of some users experiencing unexpected delays in transactions. It is currently investigating the matter closely.

Further, the exchange said that it is working very hard to scale its Solana infrastructure to handle the volume and ensure a smooth experience for all users.

Coinbase is a major cryptocurrency exchange that serves millions of users. It offers a variety of digital assets, including Bitcoin, Ethereum, and Litecoin. The exchange is also known for its Coinbase Pro platform, which caters to professional traders.

Solana is a blockchain network that is known for its high throughput and low transaction fees. The network is home to a growing ecosystem of decentralized applications (dapps), protocols, and tokens.

Solana's on-chain trading activity has surged in recent months, particularly due to the booming memecoin market on the network.

According to CCChartData's data, Solana's DEX transactions have clocked over $15 billion in the past seven days alone. This has surpassed every other chain in this time frame and highlights the extreme levels of trading activity on Solana.

In comparison, Ethereum's DEX transactions have reached $8.3 billion, and BNB Chain's are at $7.3 billion during the same period.

Solana's trading volumes have shot up significantly following the recent frenzy in memecoins on the network.

Earlier this week, Canada approved the first-ever Spot Solana ETFs to be launched on Thursday by Purpose Investments and Harvest Bank. Both ETFs began trading on the Toronto Stock Exchange.

The approval of Solana ETFs is a major development in the cryptocurrency industry. It allows institutional investors to gain exposure to Solana through traditional investment vehicles.

Solana's price has risen by 6% to its highest level since April as it continues to outperform major cryptocurrencies amid a broad-based market rally.

At the time of writing, SOL is trading at $136, putting it up 6% over the last

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Other articles published on Apr 27, 2025