Solana Blockchain Experiences Transaction Difficulties; Reports ‘Intermittent Instability’

Solana Blockchain Experiences Transaction Difficulties; Reports ‘Intermittent Instability’

Solana is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.

Today, transaction blocks appear to be not processing on the Solana blockchain, according to available data and complaints from the network’s users.

Data published by block explorers SolScan and Solana Beach indicate that the last transaction block occurred roughly two hours ago.

“Solana mainnet-beta is experiencing intermittent instability,” a message from a Twitter account run by the Solana Foundation reads, posted at 8:38 a.m. ET. “This began approximately 45 minutes ago, and engineers are investigating the issue.”

 

 

Phantom, a wallet service built on Solana, said in a tweet at 9:57 a.m. EST that “the Solana network seems to be experiencing intermittent instability right now. Phantom and other applications are having trouble connecting.

“We will keep you updated on the status of the situation.”

At the same time, Solana CEO Anatoly Yakovenko called for network validators to join the project’s Discord. “its beta time,” he wrote.

Over the last month, Solana crypto asset has been surging upwards. This year alone, Solana has become quite a hot project in the crypto space. A few days ago, it made a new all-time high (at a price of $213). At the time of writing, SOL is trading at around $162.59

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