![]() ![]() ![]() Ethereum’s gas fees have hiked because of the release of 55,000 NFTs by Yuga Labs. SOL happens to be the second network that was affected negatively due to an increase in transaction volumes related to NFTs. Any outage on the coin’s blockchain network will hurt transactions that come to a halt during such a crisis. The coin has seen about 11 such incidents during the first quarter of 2022. The Solana community has specifically been affected by these outages. This constant problem of outages has in fact caused the crypto community to worry significantly. The outages were caused due to excessive duplicate transactions leading to congestion again. In January during the first and the second week, the network of the altcoin had faced quite a several issues which caused the crashing of the network for even 18 whole hours.ĭuring the end of January 2022, a total of close to 30 hours of network downtime was reported to occur during the third week of the month. The price of the altcoin currently stood at $88 after the network recovered. This outage had caused the coin to lose 7% of its market value as it was seen exchanging hands at $84. These transactions are typically completed by the bots themselves. Metaplex also stated that it shall be implementing 0.01 Solana (SOL), or $0.89 at the charge on wallets that shall help complete the invalid transactions. Related Reading | Solana’s Network Blackout Puts It In Dire Straits Among Competitors Outage Caused Solana To Plunge By Almost 7%Īs bots were primarily responsible for hoarding the network and causing an outage, Metaplex tweeted confirming that traffic from their bots was also responsible for causing the crash. Network operators and dapps will continue to restore client services over the next several hours”. “Validator operators completed a cluster restart of Mainnet Beta at 3:00 AM UTC, following a roughly 7-hour outage after the network failed to reach consensus. ![]()
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