Solana Suffers 5th Outage in 2022, SOL Dives

Altcoins Blockchain Market Solana
Last updated:
Author
Author
Ruholamin Haqshanas
About Author

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Source: AdobeStock / JorgeEduardo

 

The Solana (SOL) blockchain suffered its 5th outage of 2022 on Wednesday after the production of new blocks on the network ceased due to a consensus failure.

The blockchain went offline at 16:55 UTC and resumed block production at 21:06 UTC, after more than four hours, according to the official incident report.

Solana’s native token SOL plunged during the outage, diving by as much as 14% at one point. At 7:31 UTC, the 9th coin by market capitalization is trading at USD 39.84, down by more than 11% over the past 24 hours and nearly 17% in a week. Notably, the coin is down by 85% compared to its all-time high of USD 259 recorded in November 2021, according to CoinGecko.

SOL 7-day price chart. Source: coingecko.com

Meanwhile, a bug that led to consensus failure was the culprit, according to Solana Status.

“Earlier today a bug in the durable nonce transactions feature led to nondeterminism when nodes generated different results for the same block, which prevented the network from advancing,” Solana Status said.

Durable transaction nonces are “a mechanism for getting around the typical short lifetime of a transaction’s block hash,” according to the official Solana documentation.

A bug in the mechanism caused part of the network to consider a block invalid, preventing a consensus among validators, Solana Labs co-founder Anatoly Yakovenko explained in a tweet.

Meanwhile, according to the Solana uptime tracker, the network has experienced five outages so far this year and a total of seven since September 2021, when it suffered an 18-hours long network outage as the result of a massive increase in transaction load.

Solana’s worst outage so far was in early January this year — this one lasted from January 6 to 12. The network also saw another outage in late January and had a 96.4% uptime during the month.

And just last month, the Solana blockchain suffered an outage caused by bots trying to trade non-fungible tokens (NFTs) on the network.

While Solana outages are no longer out of the ordinary, there was still a fair amount of backlash coming from the community. “Get it together Solana. We should be past this already. I’m big believer but I’m even doubting at this point,” one Twitter user said.

____

Learn more: 
Another Solana Outage Shows That Price Impact Is Minor
Solana’s Network Congestion Prompts Liquidations, Drives Away Users

Solana Labs CEO Denies That Solana Went Down After a DDoS Attack (UPDATED)
Ethereum Co-Founder Raises USD 450M & Bashes Solana

Top 3 Play-to-Earn Games on Solana
OpenSea Now Supports Solana NFTs in Beta

More Articles

Altcoin News
Filmmaker Indicted for Misusing $11M Netflix Funds on Stock & Crypto Gambling
Ruholamin Haqshanas
Ruholamin Haqshanas
2025-03-19 06:56:33
Blockchain News
Crypto.com’s Controversial $5B Token Mint Sparks Insolvency Fears Among Community
Shalini Nagarajan
Shalini Nagarajan
2025-03-19 05:37:13
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors