Solana, a crypto project that has been making headlines after the stellar performance of its native token, has come back online after its mainnet suffered a downtime for the better part of yesterday. The project’s developers unveiled this news earlier today, noting that blockchain validators came back online engineers worked tirelessly to restore the service. The network was out for almost 20 hours.
Reportedly, the developers brought the network back to life shortly after 5:30 AM UTC after creating a patch that held across a network of validators. The overall sentiment across the Solana community on Discord was that of relief after the developers announced that they had broken through. However, the service did not run at full capacity following the fix, according to a tweet from the Solana Foundation.
What happened?
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According to the Solana Foundation, the Solana mainnet experienced a massive increase in transaction load, which peaked at 400,000 transactions per second. As a result, the transactions flooded the transaction processing queue. Due to a lack of prioritization of network-critical messaging, the network started forking.
The forking resulted in excessive memory consumption, which caused several nodes to go offline. While engineers attempted to deal with the matter immediately, they were unsuccessful, resulting in a prolonged outage.
After receiving the news of the network coming back online, the Solana community seemed cheerful, helping Solana (SOL/USD) recover some of its losses. The coin plunged to $143.55 (£103.90) after opening the day at $169.77 (£122.85). At the time of writing, the coin is changing hands at $159.83 but is still down 5.13% over the past 24 hours.
This news comes after SOL became the center of attraction in the crypto space after making moon shots over a short period. The coin surged to set a new all-time high (ATH) at $214.96 (£155.59) before an overall bearish trend took over the market, sending it on a steep decline. While the coin’s current price represents a 25.49% drop from its ATH, it is worth noting that it also denotes a gain of over 300% over the last 30 days.
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