Home » Solana logs again in after a five-hour outage, SOL rebounds

Solana logs again in after a five-hour outage, SOL rebounds

by CoinVeem

Solana’s community has come again on-line after an outage on Tuesday. The blockchain’s native token, SOL, briefly dipped however has since recovered. 

“The outage started at roughly 09:53 UTC, lasting 5 hours. Core contributors are engaged on a root trigger report, which might be made out there as soon as full,” the Solana Basis said on X (previously Twitter). 

Solana is a well-liked blockchain for decentralized finance functions and non-fungible tokens (NFTs). However because the community launched in March 2020, it has confronted technical challenges as a result of frequent community outages.

Nevertheless, the blockchain has been working with out interruptions for nearly a yr. The blockchain’s final outage occurred final April, when it was down for nearly two days, in accordance with CoinDesk

Solana is the second-most fashionable blockchain for NFTs with recorded US$4.87 billion in historic gross sales quantity, behind Ethereum’s US$42.32 billion, CryptoSlam information reveals. 

SOL fell to as little as US$93.36 previously 24 hours. It traded at US$95.10, as of midday ET. 

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