(Twitter) Solana’s native token fell more than 11% in 24 hours after the network went down for four hours, prompting a restart by validators.
Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord. https://t.co/gRJJRqEMPn
— Solana Status (@SolanaStatus) June 1, 2022
Solana validators worked to restart the network while the durable nonce feature was disabled. Co-founder Anatoly Yakovenko said that the bug which caused the outage would be fixed in a future update.
The latest network outage adds pressure to Solana validators after a series of other hitches in the past. The network has become a popular alternative to Ethereum for NFT collectives, dApps, games, and DeFi services.
In September last year, the Solana network went down for almost 8 hours after getting overwhelmed by transactions being sent to a DeFi protocol.
The latest outage is the fifth in 2022, with the challenges now a concern on whether the “Ethereum killer” will live up to its expectations.
SOLUSD is down -0.98%.
