After facing backlash from users over slow transactions, Coinbase has upgraded its Solana infrastructure.
Coinbase is working to address issues that its users have experienced this year. On Thursday, April 17, Coinbase announced it had performed significant upgrades to its infrastructure on Solana. Notably, the improvements were implemented for Solana (SOL) transfers on both the Coinbase centralized exchange and the Coinbase Wallet.
For one, Coinbase Exchange can now process transactions asynchronously, meaning it can handle multiple transaction blocks simultaneously. Additionally, the company implemented bare-metal machine deployment, meaning its infrastructure now runs on dedicated hardware instead of relying on cloud services.
Dedicated hardware has resulted in significant improvements in latency and network stability. Coinbase claims that its remote procedure call performance improved four times. This refers to the communication that its applications make to the blockchain network, in this case, Solana.
Coinbase faces backlash over Solana performance
The announcement came after the exchange faced backlash in January over technical issues, which its CEO Brian Armstrong acknowledged. Namely, multiple users complained about slow transaction speeds, with some alleging that transactions took multiple hours to complete.
Wow Coinbase actually are you kidding me right now? Solana is fully up and you can’t do a simple transfer without a one hour delay?” one user wrote in January.
Solana is one of the fastest blockchains in operation, with transactions taking seconds to complete. While the network has previously experienced outages, there were none at the time users were facing issues on Coinbase.
This was not the first time Coinbase experienced technical issues. In February 2024, the exchange faced a major outage prompted by a surge in volume after Bitcoin reached $64,000. A month later, the exchange faced another technical issue, this time coinciding with Solana’s price surge.
