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Breaking Crypto News Flash: What happened to Solana?
This past weekend has been very disturbing for Solana users. Starting from midnight on Friday, there has been a huge decline in transactions on the network. So much so that the number of transactions is close to zero.
After the network went into decline, the network transfers started to malfunction. According to on-chain data, the number of transactions per second (TPS) in the network decreased from 5,000 to 93.
After that the developers restarted the network. However, it became known that the problem was not solved at the first reboot. After the second reboot, the network returned to normal. According to Explorer, the network is currently running at standard speed.
However, the problem has not yet been identified. Solana developers, who also made an official statement on the subject, reported that research on the source of the problem continues: "Solana Mainnet Beta experienced a significant performance drop on 08.46 February 25, which eventually led to the validation community deciding to restart the network. The cause is still unknown and is being actively investigated".
In addition to the negative outlook on the market, the decline in SOL Coin price deepened along with the problems. In this process, Solana (SOL) tested the level of $21.
