Solana Full Service Expected Soon, SOL Recovering

Following the issues faced by Solana that caused an outage and the network to go offline, the service is expected to return in hours’ time, and the network’s SOL coin has started to recover.

At 8:16 UTC, the 7th coin by market capitalization, SOL, was down 2.5% in a day, and 6% in a week, trading at around USD 163. Between its highest point on September 14 and the lowest reached at the start of September 15, SOL had dropped 14%. It has since then recovered nearly 9%.

SOL price chart:

Solana validators have successfully restarted its Mainnet Beta after nearly a day of downtime, expecting block explorers, dapps (decentralized applications), and supporting systems to recover within hours, followed by the restoration of full functionality, the team said.

Solana Status Twitter account announced yesterday that Solana’s mainnet, which is still in beta mode, was experiencing “intermittent instability,” and that “resource exhaustion in the network is causing a denial of service.”

They came back with more information, stating that the mainnet beta saw a massive increase in transaction load, which “flooded” the transaction processing queue. That resulted in the lack of prioritization of network-critical messaging, which then caused the network to start forking.

“This forking led to excessive memory consumption, causing some nodes to go offline,” with engineers unable to stabilize the network, due to which the validators decided to restart the network. The validator community members also commented during the process how quickly they were able to organize.

Add a comment

Xpert Crypto Admin

Xpert Crypto Admin

Typically replies within an hour

I will be back soon

Xpert Crypto Admin
Hey there 👋
How can I help you?
Start Chat with:
chat Need Help?