Solana Network has stopped processing transactions due to an outage

Solana mainnet beta is experiencing an outage. investigations are ongoing to find the root cause of the downtime according to SolanaFloor official X account .

The outage is now going for 10:45 UTC .

The $Sol is down 4% after the downtime was reported.

Solana Mainnet-Beta is encountering performance issues, with block progression currently suspended. Core engineers and validators are actively investigating the situation

Engineers are building a release containing a remediation for the Solana network outage

and from 30 minutes ago Validators have begun generating snapshots using their local ledger state to prepare for a restart. Solana ecosystem Core engineers are still preparing the remidiation build release for the outage.

We should also say that Solana Experiences the First Network Outage in 282 Days.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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