• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana: Blockchain Network Outages and Achievements

user avatar

by Giorgi Kostiuk

a year ago


Five years ago, Solana embarked on its journey in the Web3 space with backing from major players like Visa. Known for its fast transactions, Solana has repeatedly faced network outages, raising questions about its reliability and decentralization.

History of Network Outages

Since 2021, Solana has experienced several outages, some minor, others significant enough to take down the entire network. These outages have occurred almost every few months. Here are some of the most notable episodes:

* September 2021 (Memory Overflow): The Grape Protocol's token sale attracted a flood of bots, overwhelming the system and causing block production to halt. * January 2022 (Compute Overload & Duplicate Transactions): The network struggled with high compute transactions and an influx of duplicate transactions. * April/May 2022 (Consensus Failure): NFT minting bots overloaded the network with transactions, peaking at 4 million per second, causing a crash.

Even with all that chaos in its rearview, Solana pulled off an impressive rebound in 2024.

Causes of Failures

Solana's issues are tied to congestion, validator challenges, and consensus failures. Initial problems were worsened by compute overloads and duplicate transactions. Additional significant outages were caused by validator failures and the 'Turbine' protocol malfunction. Despite past complexities, Solana is making strides in improving its network.

Stabilization in 2024

In 2024, Solana achieved an impressive recovery. With only one recorded outage in February, it has exceeded 40 weeks without major disruptions—its best stability metric since 2020. This demonstrates crucial improvements in stability and efficiency. Solana continues to attract users and developers, remaining the leading blockchain for active wallet addresses.

Though Solana is stable for now, the question remains: can it maintain this pace? Users are watching closely to see if it can fulfill its promises of fast and reliable transactions. Optimism is growing, but Solana's history shows that anything can happen.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

OpenAI's Sam Altman Critiques Anthropic's Super Bowl Ads

chest

OpenAI CEO Sam Altman critiques Anthropic's Super Bowl ads, praising their humor but calling them dishonest, highlighting the rivalry between the two AI companies.

user avatarTenzin Dorje

Anthropic Takes Aim at OpenAI with Super Bowl Ads

chest

Anthropic launches its first Super Bowl ad campaign targeting OpenAI's decision to include ads in ChatGPT, highlighting potential disruptions to user interactions.

user avatarBayarjavkhlan Ganbaatar

Increased Social Media Interest in Ethereum Amid Market Fluctuations

chest

Ethereum is seeing heightened interest on social media due to its price movements and investment strategies.

user avatarElias Mukuru

Leaked Emails Show Bill Gates Foundation Evaluating Ripple's Technology

chest

Leaked emails from the Bill Gates Foundation reveal early assessments of Ripple and Stellar compared to the Mojaloop payment platform.

user avatarMohamed Farouk

Luke Dashjr Demands Adam Back Resign Following Epstein Document Release

chest

Luke Dashjr calls for Adam Back's resignation following Epstein document release linking him to the cryptocurrency industry.

user avatarDiego Alvarez

Shiba Inu Marketing Lead Emphasizes Execution Over Price for Recovery

chest

Lucie, the Shiba Inu marketing lead, emphasizes the importance of execution over price for rebuilding confidence in the Shiba Inu ecosystem.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.