The Solana network faces an outage
The company informed in a Twitter Publish that the heavy load on the Solana flooded the network, exceeding 100gbps. This led to the mainnet’s inability to produce blocks. After a thorough investigation by engineers and continued efforts by operators to restart the mainnet, it ascended at 3:00 UTC.
Solana Mainnet Beta lost consensus after a huge amount of incoming transactions (4 million per second) flooded the network, exceeding 100 Gbps. Engineers are still investigating why the network failed to recover, and validation operators are preparing for a restart.
— Solana Status (@SolanaStatus) May 1, 2022
The main reason for the incident was the fashionable NFT strike. Network instability for 7 hours frustrated users who were unable to sell their positions as trades failed on the Solana network.
This is not the first time that the Ethereum killer has been criticized for its outage situation. In September 2021, the network went offline following the heavy transaction load. During an interview with The Block at the time, Solana Labs CEO and Solana co-founder Anatoly Yakovenko said:
“I don’t know. It doesn’t really matter, though.
In January, the protocol faced more than six severe outages lasting more than eight hours, attributed to excessive duplicate transactions causing a “high level of network congestion”.
The native token, Solana, is down more than 5% in the past 24 hours and sits at a market capitalization of $29.79 billion.