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Hassan Maishera
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Solana
Solana SOL isometric token symbol in digital circle on blue back

The Solana network is finally online 24 hours after going dark, with the engineers working overtime to ensure everything worked as expected.

Solana’s Network Went Dark Yesterday

The Solana blockchain went offline yesterday, affecting the activities of thousands of people on the network. The transactions of thousands of people on the network were paused as the blockchain experienced its first major outage since its mainnet event.

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However, the network engineers got to work immediately to restore normal activities on the blockchain. One developer on the Solana discord server revealed that the network is now back online after spending nearly 24 hours in the dark.

The network was restored in the early hours of Wednesday, with Solana users now relieved that they could continue their activities without any hitch. The Solana network validators also came back online and are already approving transactions on the blockchain.

However, the service remains spotty right after the patch. According to a Twitter account operated by the Solana Foundation, the developers need to do more work to ensure the network operates smoothly.

 

Solana is one of the leading projects in the cryptocurrency space. The availability of smart contract features means that it is expected to provide stiff competition to the likes of Ethereum, Cardano and the Binance Smart Chain (BSC).

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Solana Is Trading Below $160

Solana has been one of the top-performing cryptocurrencies in recent weeks. However, it has underperformed over the past few days, with yesterday’s network outage contributing further to its downward movement.

SOL/USD chart. Source: FXEMPIRE

SOL is down by 1% over the past 24 hours and is trading at $158 per coin. In the past three months, Solana’s price has surged by 302%. Solana’s strong performance comes despite the broader cryptocurrency market recording losses.

SOL reached a new all-time high above $200 earlier this month. Market analysts are expecting it to reach $400-$500 before the end of the year.

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