• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Solana Registers One Outage in H1 2023, Maintains 100% Uptime Throughout Q2

Solana Registers One Outage in H1 2023, Maintains 100% Uptime Throughout Q2

user avatar

by Max Nevskyi

2 years ago


Solana, a Layer-1 blockchain network, has demonstrated remarkable improvements in reliability and uptime during the current year, with just one recorded outage in 2023, as per a report released by the Solana Foundation.

On July 20, the Solana Foundation published its latest performance report, highlighting the network's advancements during the first half of 2023. These improvements were measured based on uptime and the ratio of non-voting to voting transactions.

In previous years, Solana had encountered challenges with maintaining consistent reliability and uptime. Co-founder Anatoly Yakovenko had referred to these issues as a "curse" in the past but attributed them to the network's low-cost transactions.

The recent report celebrated the achievement of 100% uptime since February 25, signifying an entire quarter without any service disruptions. The solitary outage in February resulted in the network being offline for approximately 19 hours.

Solana achieved a 100% uptime in Q2, 2023.

Solana achieved a 100% uptime in Q2, 2023.

According to the report, there has been a notable enhancement in the proportion of voting to non-voting transactions within the blockchain network. Voting transactions pertain to the actions of validators, who cast their votes to validate one or more proposed blocks of information. On the other hand, non-voting transactions are initiated as a result of user behavior on the blockchain. These improvements signify a positive development in the overall functioning and governance of the blockchain ecosystem.

Over time, we would expect to see the ratio of voting to non-voting transactions go down because the overall percentage of voting transactions should drop as the network gets more efficient.

Blocktimes, which measure the speed of new block additions to the chain, have demonstrated increased consistency, except for a spike during an outage incident. Another vital metric used to gauge network performance and throughput is Transactions per Second (TPS). Solana's maximum daily TPS has been on a steady rise since January, with significant boosts aligning with new network upgrades, currently reaching an impressive figure of 3,777 transactions per second, as reported by Dune Analytics.

Solana's dominance in transaction count was evident on the Artemis dashboard, recording a daily transaction count of 19.2 million until recently when the Sui Network surpassed it due to the popularity of a Web3 game.

In regard to the native token, Solana (SOL), its price experienced a 4.5% decline on the day, reaching approximately $25.50 at the time of writing, according to Cointelegraph data. Despite this short-term setback, the token has shown strong performance over the past month, gaining 50%. However, it is essential to note that it remains down by 90% from its all-time high of $260, which was achieved in November 2021.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Market Optimism: Traders Expect Bitcoin to Rise to $120K

chest

Data shows that 46% of traders believe Bitcoin will rise to $120K by the end of July, reflecting confidence in the crypto market.

user avatarGiorgi Kostiuk

Jonathan Gould Appointed as OCC Head: New Horizons for Crypto Banking

chest

Senate has confirmed Jonathan Gould as OCC head, which may lead to changes in crypto banking regulations and market access.

user avatarGiorgi Kostiuk

Florida Probes Robinhood: Allegations of False Crypto Service Promotions

chest

Florida has launched an investigation into Robinhood over allegations of misleading advertising of its crypto services as the cheapest in the market.

user avatarGiorgi Kostiuk

Anonymous whale deposits 4,500 ETH to Binance with $4.32 million loss

chest

An anonymous whale deposited 4,500 ETH to Binance, resulting in a $4.32 million loss, according to analyst Ai Yi.

user avatarGiorgi Kostiuk

Bitcoin Breaks Records Again: The Influence of ETFs and Politicians

chest

Bitcoin reached a new record thanks to institutional investments and political decisions, boosting confidence in cryptocurrencies.

user avatarGiorgi Kostiuk

Circle and HiFi Bridge Partnership: New Opportunities for B2B Payments with USDC

chest

Circle teams up with HiFi Bridge to introduce B2B payment solutions using USDC to Brazil and Hong Kong.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.