Category: Solana

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been […]

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The Weekly Recap: BTC Encounters $48k, Cardano’s Hardfork, Solana’s Downtime

This week, even though tumultuous to some extent, was positive for the cryptocurrency market and Bitcoin, particularly in terms of prices. BTC managed to increase by about 2.5%, reclaiming an important level while doing so – $47.2K – an important confluence of technical indicators to consider. It’s still rather early to state it for sure, […]

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Layer by Layer Issue 7: Update on Solana, Binance Smart Chain, Cosmos, Terra, and Arweave

Layer by Layer Issue 7: Update on Solana, Binance Smart Chain, Cosmos, Terra, and Arweave

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Layer 1 blockchain foundations continue to release incentive programs to attract users and developers, with a flurry of launches in the past month […]

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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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As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise

As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise

Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that the crypto economy and these coins have dipped in value, the TVL across defi has continued to rise, […]

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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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