Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»SOL drops 4% following Solana network outage
ETHEREUM NEWS

SOL drops 4% following Solana network outage

By Crypto FlexsFebruary 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SOL drops 4% following Solana network outage
Share
Facebook Twitter LinkedIn Pinterest Email

The price of SOL fell more than 3% following a “massive outage” on the Solana network.

Solana prices fell as low as $93.36 before recovering to current levels of $93.70, down 4.1% on the day and more than 11% for the week, according to CoinGecko data.

The Solana Network’s status page shows a “massive outage” of the mainnet beta cluster, with a notification that “Engineers across the ecosystem are investigating the mainnet beta outage” as of 10:22 AM UTC.

According to the Solana Status Twitter account, which provides network status updates, engineers have released a new validation software update, version v1.17.20, which fixes “an issue that resulted in a cluster outage.”

Engineers across the ecosystem are preparing a new release of validator software with patches to fix the issues that caused the cluster outage. Validator operators must be prepared for network upgrades and restarts.

— Solana Status (@SolanaStatus) February 6, 2024

This is not the first time the Solana network has been shut down, but it is the first time in a long time. In February 2023, the network was down for nearly 20 hours. This comes just months after Solana co-founder Anatoly Yakovenko said that the upcoming Firedancer client proposed a “long-term solution” to solve this problem.

An early version of the validator client called “Frankendancer” was released on testnet in November. Jump Crypto, which has been developing a new validator client, said it aims to move Frankendancer to the Solana mainnet by the summer and have Firedancer on the mainnet “as a fully independent validator by the end of 2024.”

Broadly speaking, some of Solana’s network outages were caused by issues with the software that validators use to run their nodes. The goal of building Firedancer to make the network more resilient is to ensure that validators have backup software they can use in case other software has issues.

But it wasn’t all bad news for Solana. Last week saw a surge in network activity and token trading on the Solana decentralized exchange briefly reversed trading on the Ethereum DEX amid anticipation of the upcoming Jupiter airdrop.

Edited by Stacey Elliott.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Confirmation number 34 | Ethereum Foundation Blog

December 26, 2023

McKenna’s Crypto anon launches Arete Capital, first fund targets $20 million

April 8, 2024

EigenLayer Sapping ETH or Bulls in?

February 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.