🗞️PROBLEM

PROBLEMS WITH SOLANA EXCHANGES

The introduction of layer 2 solutions in the crypto market has revolutionized trading by offering gasless transactions which are associated with executing trades on the blockchain. This breakthrough has sparked a boom in the industry, attracting more traders and investors due to the lower costs and improved efficiency of transactions. Layer 2 solutions enable users to conduct transactions off-chain or in a separate layer atop the main blockchain, thereby alleviating congestion and reducing the burden on the network.

However, despite the benefits of gasless trading facilitated by layer 2 solutions, one major concern is the ability for users to purchase new tokens quickly and efficiently. Solana's Raydium swap is a DEX that has emerged as a leading choice for decentralized cryptocurrency swaps, boasting an average daily transaction volume exceeding $300 million. It features 539 currencies with 704 markets. However, despite its popularity, users often encounter glitches and swap failures, hindering their ability to capitalize on buying tokens quickly. These issues underscore the need for a more robust and reliable swap solution on the Solana blockchain.

Glitches and swap failures are common occurrences within the Raydium Swap which often result in missed opportunities and user frustration. The existing swap infrastructure occasionally struggles to efficiently manage high transaction volumes which leads to delays and missed trades. Such instabilities can detrimentally affect the overall user experience, potentially discouraging users from engaging actively within the ecosystem.