The Solana blockchain recently encountered technical issues, resulting in its temporary suspension of operation. Chinese journalist and expert Colin Wu reported that the last transaction on the network was recorded at 12:52 Moscow time on February 6, 2024, after which network activity ceased. Developers have not yet provided official comments on this incident.

Due to the issues on the Solana network, the South Korean exchange Upbit has taken measures to temporarily suspend the deposit and withdrawal of digital assets in SOL, GMT, RAY, and ACS tokens. Despite the lack of official statements from blockchain security services, the market has reacted to these events with a 2.75% decrease in the price of the cryptocurrency Solana (SOL) over the last 24 hours. At the time of the news, SOL was trading at $95.1, with a total circulating supply of $41.47 billion and daily trading volumes of $1.4 billion.

Solana is known as a high-performance and scalable blockchain platform capable of processing thousands of transactions per second. The founder and chief architect of the platform, Anatoly Yakovenko, has significant experience in cryptography and software development, which has enabled the creation of a network capable of handling over 65,000 transactions per second.