During last weekend’s market downturn, many DeFi protocols on proved unusable, creating what Qureshi calls “Solana bread lines.” 🍞
He blames Solana’s lack of a fee market. Do you agree that’s the core issue?
Link: unchainedpodcast.com/the-chopping-b
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Blockspace wasn’t saturated, so a fee market wouldn’t help in that case.
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I might not be privy to the details (has blockspace on Solana ever been saturated?), but a fee market is a disincentive against transaction spam, which would mitigate this feedback loop of low-value transactions overwhelming the network
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Adding a fee market is a short sighted solution that might work for the demand now but won't work for the scale that solana operates at
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Replying to @TheOne19125869 and @iamDCinvestor
yea, one that works at 50m txs per day. the scale solana is operating at is different. there is no way to do a spot auction on real time streamed txs. the work to run the auction is greater then the work to encode the txs into a block.
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So "solana has failed" already huh? I didn't know that. Thanks.
