• 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

Floki Expands Utility Amid Price Volatility

chest

Floki is focusing on real-world utility and community engagement despite recent price dips.

user avatarLeo van der Veen

Shiba Inu Faces Uncertainty as Market Sentiment Weakens

chest

Shiba Inu's price remains stagnant, with bearish indicators causing concern among traders.

user avatarLi Weicheng

Strategic Alliances to Enhance AI Initiative Implementation

chest

The execution plan involves forming a dedicated team to collaborate with universities and industry allies for knowledge sharing.

user avatarKenji Takahashi

Institutional Investors Make Strategic Moves

chest

Institutional investors, including BlackRock, transferred over $250 million in Bitcoin and Ethereum to Coinbase Prime during a market panic, indicating potential ETF rebalancing or accumulation ahead of recovery.

user avatarAisha Farooq

Bitrue Launches 420,000 XRP Promotional Campaign

chest

Bitrue announces a promotional campaign distributing 420,000 XRP to encourage platform activity.

user avatarTenzin Dorje

Coinbase's Legal Chief Critiques ICBA's Opposition to Trust Charter

chest

Coinbase's legal chief criticizes ICBA's opposition to its trust charter application, highlighting the need for regulatory clarity in the cryptocurrency sector.

user avatarElias Mukuru

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.