• 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

8 months 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

Trump Proposes Revolutionary Income Tax Cut Plan

chest

In a stunning economic announcement, President Donald Trump has revealed plans for a significant income tax cut that could reshape America's fiscal landscape.

user avatarLeo van der Veen

Projected Increase in XRP ETF Trading Activity

chest

Projected increase in XRP ETF trading activity as three additional funds join the market, potentially raising daily trading volume by $35 million.

user avatarAisha Farooq

USDT Flows Impact Bitcoin Price Behavior Significantly

chest

Recent data indicates that USDT net flows to exchanges significantly influence Bitcoin price behavior.

user avatarLi Weicheng

Bitcoin Munari Launches with Transparent Token Structure

chest

Bitcoin Munari has launched with a fully disclosed token structure, completed audits, and early contractual documentation available to presale participants, appealing to risk-averse investors amid increasing regulatory scrutiny.

user avatarBayarjavkhlan Ganbaatar

Japan's FSA Proposes New Legislation for Crypto Exchange Reserves

chest

Japan's Financial Services Agency (FSA) is set to introduce legislation requiring crypto exchanges to maintain liability reserves to protect customers from losses due to hacks or operational failures.

user avatarTenzin Dorje

Bitcoin's Influence on Ethereum's Trading Dynamics

chest

Bitcoin's performance continues to influence Ethereum's trading behavior as both assets show synchronized movements.

user avatarMohamed Farouk

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.