I am surprised nobody is mentioning this. But in desperation to get transaction through on the Solana network transaction fees have soared as high as 1 SOL or 175$, and the going rate seems to be around 0.5 SOL at this moment.
Also worth mentioning is that most transaction flat out fail, and the throughput has seen a decline in TPS.
I personally do not know if this is a temporary issue as there is no one talking about this anywhere, and I feel that the silence feels eerie.
Not looking too good for our Ethereum killer.
source:
https://beta-analysis.solscan.io/public/dashboard/06d689e1-dcd7-4175-a16a-efc074ad5ce2
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