Solana Records First Network Outage in 282 Days

Solana DeFi & Network Activity Increasing But Road to Recovery Is Long

The Solana blockchain network, known for its high-speed transaction capabilities, encountered a significant hiccup on Tuesday as validators reported a temporary stop in transactional activities due to “performance degradation.”

This issue marks a momentary pause in the network’s operations, with block progression coming to a standstill. According to a statement by Laine, a noted Solana validator, on X, the network’s Mainnet-Beta is under scrutiny by core engineers and validators to address the halt.

“Solana Mainnet-Beta is experiencing a performance degradation, block progression is currently halted, core engineers & validators are actively investigating,” Laine detailed.

Insights from Solana blockchain trackers indicated that block processing ceased at 09:52 UTC, putting the network’s efficiency in question. Despite this setback, Solana’s SOL tokens have not suffered in value, maintaining stability amidst the outage.

Read more: How to Buy Solana (SOL) and Everything You Need To Know

Solana Price. Source: BeInCrypto

This disruption surfaces almost a year following a nearly two-day-long downtime in April 2023, challenging the network’s reliability. As the Solana community awaits a swift resolution, the focus on maintaining a robust and efficient blockchain ecosystem remains paramount.

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