The Solana Foundation claimed ongoing network congestion could be attributed to the high demand for Solana block space and increased network activity.
Solana developers have released a mainnet beta update, v1.17.31, to deal with the ongoing network congestion on the Solana blockchain.
The update was released on April 12, and now, after three days of testing, it is being recommended for general use by mainnet beta validators.
This patch contains enhancements that will help with some of the ongoing network congestion and will be followed by further enhancements in v1.18.