Solana Is Bleeding With Network Issues!

Solana (SOL), which is said to replace Ethereum (ETH), continues to bleed due to network outages and disruptions.

Years ago, Bitcoin emerged to rival traditional financial products. The excitement created by Bitcoin led to the launch of many altcoins. Projects like Ethereum, Ripple, Stellar have managed to attract crypto investors for years.

The rising crypto currency frenzy brought with it the competitive environment. Solana, which emerged for the scaling and speed problems of Ethereum, was launched as the new Ethereum. But Solana has been struggling with network outages and glitches for years. Does this blood loss in the popular project indicate the end of another era?

Solana Suffers Network Outage Again And Again

Decentralized smart contracts platform Solana (SOL) continues to bleed due to the disruptions it has experienced in its crypto journey as Ethereum’s biggest competitor.

Last weekend, Solana experienced interruptions and slowdowns in network activity. Problems in Solana’s network created a bombshell effect with the decision of the developers to freeze the network. “Again?” In the face of this situation, where questions echoed, the developers could not explain the reason for the last network outage.

Focusing on the problems experienced, the developers conducted a trial to make the network ready again. However, this first attempt failed to restart the network. Focusing on Solana’s infrastructure, the developers focused on hard fork and synchronous working principles. Comments from the ecosystem indicated that the Solana network is experiencing “forking” and needs to be restarted immediately.

As a result of this chain of events that marked the weekend, the network could be activated after the second attempt as a result of intense efforts of the developers. Network activity, which dropped from 5,000 to 85 transactions, started to revive after the reboot was successful.

However, these problems experienced in the past days have also caused repercussions in the Solana ecosystem. There has been an increase in the number of users who have begun to be disturbed about these problems, which have not improved for years.

Solana Has Been Struggling With Network Outages for Years

Popular crypto project Solana (SOL) has come to the fore again with the network outages it has experienced recently. These network outages were neither the first nor will they be the last for Solana. Because Solana developers have not yet found a complete solution to network outages.

In October of last year, Solana had an interruption of about 6 hours and fell into difficult processes. Solana, who could not perform transactions on the network for a full 6 hours, frequently stated that they spent a lot of time to solve the problems.

Facing a similar network outage in October, the popular project found the remedy by asking validators to reboot the system. The developers, who could not find out exactly what the problem was at that time, produced a temporary solution by restarting the network they stopped.

An explanation came from Solana co-founder Anatoly Yakovenko for these network disruptions that took place in October. Yakovenko said in October that a fix is ​​on the way to address the network outages in Solana.

Yakovenko said the October cuts could be due to errors made by the validators. The project, which is shown as a competitor of Ethereum, stated that it experienced network disruption due to problems caused by validators.

However, this outage in October went down in history as the sixth outage of the Solana network. Encountering the same problems over and over, crypto users began to lose their trust in the Solana network. In a survey conducted in late October, experts in the crypto industry asked, “Do you trust the Solana team?” a question was asked. 33 percent of those surveyed said they no longer trust the developer team.

Solana, which experienced 6 network outages in 2022 alone, brought similar problems to the New Year. The network of the popular project became the agenda on social media by experiencing interruptions in the past day.

Solana’s Waist Doesn’t Straighten! What Will Happen After Network Outages and Power Losses?

Solana (SOL), which is called Ethereum’s biggest competitor, could not straighten its back due to network outages and projective power losses.

Recently, Solana has experienced network outages for the seventh time since 2022. Many crypto developers, tired of this situation, started to flock to the new project, Aptos. After the sixth network outage, many DeFi platforms moved to use the Aptos network instead of Solana.

The Solana developer team has yet to find a complete solution to these network problems that have occurred over and over for years. From the times when the SOL price saw triple-digit levels, to the periods when prices fell into single-digits. Ethereum’s rival is working hard to straighten out.

In addition, Solana also suffered a great loss of power with the bankruptcy of FTX. Between the intense news wave that started with the bankruptcy of FTX, the news of Solana also started to fall into the agenda. It was also on the agenda that SBF, the former CEO of FTX, invested in Solana.

Joining the wave of bad news in FTX’s bankruptcy process, SOL had a decrease of about $ 7 . Struggling with a wave of FUD after network outages, the project managed to rise above $20 again with the collaboration of the ecosystem. The biggest factor in this period was the Bonk frenzy initiated by the entire Solana ecosystem. Bonk, Solana’s meme coin, has managed to spark network activity. At the same time, these network activities led to sharp rises in the price of SOL.

The popular project, which has fallen to the bottom many times, has managed to get rid of these bottom regions many times. However, it seems that the project, which is touted as the killer of Ethereum, is struggling with network outages and FUD waves.