Coinbase is experiencing significant challenges due to the high demand from Solana traders. The exchange has reported an unprecedented number of Solana transactions, which has affected the performance of its data indexing process, crucial for processing blockchain transaction data. An employee detailed how Coinbase’s indexers struggle to keep pace with Solana’s rapid data output, with Solana accounting for an overwhelming 97% of the data generated from a recent experiment involving multiple blockchains. Additionally, Coinbase is facing ongoing issues with dusting attacks, where small amounts of SOL are sent to numerous wallet addresses to track them. This situation has led to delays in reflecting SOL transactions for users. The complexity of Solana's indexing is accentuated by its lack of a standard interface for smart contracts, making it harder for exchanges like Coinbase to manage the data effectively.

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