The world’s largest cryptocurrency exchange also faced some performance issues last week.
Binance, the world’s largest cryptocurrency exchange, has intermittently suspended withdrawals to the Solana network, due to “increased volume of transactions.”
Binance expects to implement a solution and resume withdrawals starting March 9, according to a Binance announcement released on March 6.
“Withdrawals on the Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization and is working to provide a stable and long-term solution. The estimated implementation date of the solution is 2024-03-09 18:00 (UTC).”
