Mert Mumtaz, CEO of Helium Labs, a bunch that describes itself as Solana’s prime RPCs, APIs, knowledge, nodes, and developer assist, known as out Coinbase executives on the social media platform, X. Mumtaz criticized them for statements that he perceived to be makes an attempt to place Base as a superior community to Solana.
The previous weekend has been one of many busiest for crypto this yr. The launch of the TRUMP and MELANIA tokens sparked a frenzy amongst customers because the memecoins shortly amassed historic market cap valuations in document time.
The values of the tokens have fallen by 50% since then. The surge in exercise led to community congestion and transaction delays.
Because the memecoin frenzy settles, Coinbase’s Jesse Pollak and Helius Labs’ Mert Mumtaz have additionally discovered the time for a social media alternate that obtained heated shortly however was in the end resolved graciously.
Blockchain executives conflict publicly
Following the launch of the $TRUMP and $MELANIA memecoins, the Coinbase alternate and Solana networks skilled substantial congestion that led to transaction delays of as much as 21 hours.
In a put up on his X social media account, Mumtaz identified how he discovered it ironic that Coinbase executives have been placing Solana down once they did not deal with Solana transactions throughout “crypto’s largest weekend.”
The CEO went additional to accuse Base of utilizing “backroom techniques” to lure customers from Solana to Base. He even implied that they usually informed groups behind closed doorways that Base is a long-term answer whereas Solana is a short-term repair.
Jesse Pollak, head of Coinbase’s base initiative, responded on to Mumtaz’s claims. “I’m the founding father of Base, and it’s my job to make Base profitable,” Pollak wrote.
In a collection of tweets, Pollak famous the efforts of the Coinbase govt workforce to handle and resolve the scaling challenges. He additionally acknowledged that whereas Base does compete with Solana, it’s the type of wholesome competitors that encourages development and innovation within the crypto area.
Mumtaz ended the alternate graciously by emphasizing that competitors ought to be trustworthy and clear with out undermining the work of hundreds of Solana builders.
“So long as we conform to compete actually with out false advantage signaling and backroom techniques — I’m on board with that. Better of luck and let’s have some enjoyable pushing crypto ahead,” he wrote.
Community congestion and transaction delays
On January 18 and 19, President and First Woman Trump launched their memecoins, TRUMP and MELANIA.
The tokens went reside on the Solana community and unsurprisingly drew a surge of exercise as customers raced to affix the shopping for frenzy. This surge attracted over 200,000 new on-chain customers by way of Moonshot. It triggered community congestion and transaction delays, with some Coinbase customers being unable to finish their transactions for as much as 4 days.
In response to the outrage and chaos that ensued because of the delays, Coinbase CEO Brian Armstrong reassured customers that the workforce was working across the clock to scale Coinbase’s infrastructure to higher assist Solana.
Regardless of the congestion, Solana’s community maintained 100% performance, indicating that the delays have been solely because of the inflow of customers and had nothing to do with the blockchain itself.
