“Massive” failure in Solana network, SOL falls 2% | CoinDesk JAPAN

Transaction activity on the increasingly popular Solana network has suffered a “massive outage” amid “degraded performance,” the network’s validators confirmed on February 6.

“Solana Mainnet Beta is experiencing performance degradation and block progression is currently halted and core engineers and validators are actively investigating,” Solana validator Laine said. As stated in X’s post.

The failure was also reflected on the network system status page.

According to data from the Solana blockchain tracker, the block was last processed at 9:52 a.m. Coordinated Universal Time (UTC). At the time of writing, Solana (SOL) is trading around $94, down more than 2% after this news broke.

The outage comes nearly a year after the Solana network went down for nearly two days in April 2023.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Danny Nelson
｜Original text: Solana Network Suffers Brief Outage, SOL Slips 2%