Solana Outage – DIGIT INFO

Solana outage triggers ballistic reaction from the crypto community

DIGIT — Mon, 27 Feb 2023 10:41:40 +0000

A community member argued that outages are putting decentralized finance protocols running on Solana at risk of insolvency.

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Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’

DIGIT — Sat, 01 Oct 2022 16:00:21 +0000

The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the […]

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Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised

DIGIT — Wed, 03 Aug 2022 13:30:02 +0000

The Solana smart contract project is suffering from issues once again after it was discovered that close to 8,000 Solana-based wallets have been compromised. Solana is asking victimized wallet owners to complete a survey and the team stressed that “engineers are investigating the root cause.” Solana Investigates Massive Wallet Exploit, Root Cause of the Hack […]

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Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized

DIGIT — Wed, 01 Jun 2022 20:30:38 +0000

On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto […]

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Solana suffers 7th outage in 2022 as bots invade the network

DIGIT — Mon, 02 May 2022 04:25:59 +0000

NFT minting bots on Solana contributed over 4 million transactions per second, knocking validators out of consensus and crashing the network for around seven hours.

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After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours

DIGIT — Sun, 01 May 2022 18:30:07 +0000

While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana’s blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana’s mainnet to lose consensus for roughly seven hours. Solana’s Mainnet Loses Consensus for 7 Hours […]

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Better call SOL: Month-long consolidation puts Solana price en route to $275

DIGIT — Fri, 15 Oct 2021 15:50:04 +0000

SOL has been forming a Bull Pennant following its 14,200% year-to-date price rally.

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Solana-Powered Defi Platform Orca Raises $18 Million — AMM Commands Over $300 Million TVL

DIGIT — Thu, 23 Sep 2021 06:30:53 +0000

The decentralized exchange (dex) platform Orca has announced the platform has raised $18 million in a Series A financing round with Polychain, Placeholder, and Three Arrows co-leading the funding. The dex platform is a Solana-based project that aims to be the “go-to swap” platform for Solana. Solana’s Orca Gets an $18 Million Capital Raise On […]

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Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week

DIGIT — Fri, 17 Sep 2021 17:45:28 +0000

Meanwhile, the SOL’s latest downside move forms a classic bullish continuation structure, with a profit target above $250.

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