During the frenzy of the TRUMP and MELANIA memecoins launch, Coinbase and Solana experienced network congestion and transaction delays. Mert Mumtaz, CEO of Helium Labs, called out Coinbase executives for what he perceived as attempts to position Coinbase as superior to Solana. Mumtaz accused Coinbase of using "backroom tactics" to lure users away from Solana. Jesse Pollak, head of Coinbase's base initiative, responded by acknowledging the scaling challenges and emphasizing healthy competition in the crypto space. Despite the congestion, Solana's network remained functional, indicating that the delays were due to user influx rather than blockchain issues.



Other News from Today