Category: SOL

Solana Restarts Mainnet, SOL Users Complain, Dev Says Network Stall Not Similar to ETH in 2016

Solana Restarts Mainnet, SOL Users Complain, Dev Says Network Stall Not Similar to ETH in 2016

The blockchain network Solana had issues processing blocks on September 14 and according to a status report on September 15 at 2: 01 a.m. (EST), the Solana validator community “successfully completed a restart of Mainnet Beta.” Solana Validators Restart Mainnet Beta Solana is now a member of the club of blockchains that have stalled for […]

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Solana blockchain validators restart network after transaction stoppage

Solana blockchain validators restart network after transaction stoppage

The Solana blockchain is back online after an hours-long outage. As previously reported, Solana’s transaction blocks came to a stop on Tuesday. Developers later said that Solana’s mainnet “encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused […]

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Solana ($SOL) Mainnet is Back Online, Here’s What Happened?

Solana ($SOL) network’s bullish momentum came to an abrupt halt after the mainnet beta experienced a transaction glitch. The glitch led to very high transaction frequency up to 400,000 transactions per second. These transactions flooded the transaction queue but the absence of prioritization of network-critical messaging led a to fork in the network which in […]

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Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix

Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix

According to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. Solana’s Network Stalls In recent times, solana (SOL) joined the top ten crypto assets by market valuation and today, […]

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Solana experiences transaction stoppage as developers report ‘intermittent instability’

Solana experiences transaction stoppage as developers report ‘intermittent instability’

Transaction blocks appear to be not processing on the Solana blockchain, according to available data and complaints from the network’s users. Data published by block explorers SolScan and Solana Beach indicate that the last transaction block occurred roughly two hours ago. “Solana mainnet-beta is experiencing intermittent instability,” a message from a Twitter account run by […]

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Solana nets its first million-dollar NFT sale and it’s for a Degenerate Ape

Solana nets its first million-dollar NFT sale and it’s for a Degenerate Ape

The Solana blockchain has now seen its first million-dollar NFT sale. Blockchain advisory firm Moonrock Capital purchased one of the Degenerate Ape Academy NFTs for 5,980 SOL on Saturday, worth $1.1 million. Moonrock bought Degen Ape #7225, a scarred zombie version of an ape with a halo, a gold tooth and a brain in its […]

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Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days

Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days

The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency’s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana’s crypto market capitalization has managed to surpass XRP’s overall valuation, taking the sixth position in the top ten this week. […]

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Liquid staking protocol Lido now supports Solana’s SOL token

Liquid staking protocol Lido now supports Solana’s SOL token

Lido Finance, a liquid staking protocol which currently supports Ethereum 2.0 and Terra blockchains, has expanded to Solana. The news means Lido’s users can now stake Solana’s native SOL token through the protocol and receive stSOL in return. With centralized staking services such as crypto exchanges, when you stake a token, it gets locked up […]

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