Solana Blockchain Network Outage Lasted For 7 Hours

It took seven hours for the Solana blockchain to come back up after it was knocked down by a large number of bots attempting to generate non-fungible tokens on the cryptocurrency network.

Bots attempting to mint NFTs triggered a 7-hour downtime on the Solana network around 8 p.m. UTC. According to Solana’s developers and engineers, there were 4 million transactions per second. For the first time in history, more transactions were processed on the blockchain per second than at any other time in history.

The Solana blockchain was delayed to start this morning after validators conducted a cluster restart because it takes time for each node to re-establish connectivity.

Solana Blockchain is already one of the top 10 cryptocurrencies in terms of market capitalization. It also has the second-largest NFT volume after Ethereum.

Must Read, Ethereum Crashes as Yuga Labs Otherside Metaverse Projects hits the market

In the face of a large number of bots, Solana Blockchain is struggling

solana-blockchain-network-seven-hours-outage

One of Solana’s servers was down for 18 hours back in January. Due to many NFT bots flooding the network, the blockchain has gone down twice. Because they can’t purchase or sell anything while Solana is down, Solana NFT traders suffer.

Solana’s value fell 7.4% overnight due to the latest downtime. “It was great to see that the network was back up so rapidly,” stated Solana co-founder Anatoly Yakovenko.

In the wake of the recent Solana outage, it is a clear reminder of why the network’s NFT scope and volume will never be able to compete with Ethereum’s in terms of scale. As more and more individuals lose trust in the network as a result of occurrences like this, the dominance of ETH will only increase. As a result of this, Solana is experiencing the highest volume they have ever experienced. There is a silver lining to the current blockchain outage, despite the present unavailability.


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