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Coinbase CEO Says, “We Need To Step Up Our Game on Solana”. Is This Great News For Emerging Altcoins?

According to Coinbase CEO, Solana will now get the same level of support as Bitcoin and Ethereum following a surge in activity that resulted in a crippling Solana transaction backlog.

That comes as great news for emerging altcoins like Rollblock (RBLK), which is just about to list on top-tier DEX/CEX platforms. Let’s dig into what happened.

Coinbase CEO apologises to users

Coinbase struggled with Solana transactions over the past few days after a spike in Solana activity overwhelmed the exchange’s infrastructure, resulting in multi-hour delays and outright cancellation of Solana deposits and withdrawals.

That triggered a significant backlash against the trading platform, prompting Coinbase CEO Brian Armstrong to apologize for the widespread disruption.

In an X post, Armstrong revealed that the transaction glitch had been fixed, the backlog cleared, and transactions were processing quickly as usual.

Further, the CEO stated that efforts to prevent such technical glitches are underway, saying, ” It’s clear we need to step up our game on Solana, scale our infrastructure, and provide native support for common use cases like DEX/meme coin trading.”

Going forward, Coinbase aims to provide tier 1 support for Solana, similar to other top networks like Bitcoin, Ethereum, and Base.

Meme coin and DEX activity spike on Solana

Recently, the Solana network saw a huge upsurge of activity amid the launch of meme coins TRUMP and MELANIA, a potential reason why SOL transaction volumes on Coinbase surged significantly. 

DEX trading volumes on Solana have also experienced an unprecedented upshot, surpassing Ethereum’s.  That has sparked an insane demand and popularity for the Solana token, with the resulting momentum pushing the SOL to a new  ATH of $295.

As of press time, SOL was trading upwards in the $260 zone, with CoinCodex data showing the asset might experience significant growth ahead and might breach the $500 mark in 2025.

Rollblock (RBLK) set to benefit from Coinbase efforts

The Coinbase commitment to scale its infrastructure to smoothly handle abrupt surges in activity and serve customers better during periods of high demand comes as a huge positive for the emerging altcoin Rollblock (RBLK).

This Ethereum-based GambleFi protocol is set to disrupt the $540 billion gambling market with modern AI-driven crypto-betting solutions and copy-betting player initiatives. That positions Rollblock to take a significant slice of this market as crypto betting trends ramp up.

More importantly, Rollblock features a fantastic revenue-sharing model that redistributes up to 30% of its weekly gaming revenues to players and investors, making it an elite altcoin for DeFi degens seeking stable passive income streams.

The iGaming token has registered a 370% growth in presale, causing a cosmic storm in the ICO market as investors pump in over $9.3 million.

But crypto analysts say that’s just a warm-up. The Rollblock GambleFi protocol is expected to pull another 510% increase before its launch rolls around. And once the altcoin debuts in the open market, some market pundits posit it might deliver a 50x explosion!

Tokens are selling out like hotcakes at $0.047 toward the end of stage 9, and only a few days remain before the price jumps to $0.052 in stage 10.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

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