Solana: As SOL hits its second major downtime of 2022, should investors be worried

Yesterday was not a remarkable day for the owners of the native token for the “Ethereum Killer”.  The team announced that Solana suffered a major outage which led to over a seven-hour downtime on its Network.

Timeline of Solana

Engineers were still investigating why the network was unable to recover from the crush of transactions that caused the outage, a Twitter post said. The post Solana restarted after seven-hour outage caused by surge of transactions appeared first on The Block.

The Solana blockchain network suffered a major outage in the hours leading up to press time. The current downtime is attributable to a known issue of increased bot usage, a plague that has afflicted the so-called “Ethereum killer” since its rise to prominence.

Solana, is an emerging Layer 1 blockchain designed to facilitate smart contracts and the creation of new decentralized applications (DApps). When looking at the top 10 ‘fastest developing assets' by analyzing developer contributions and activity, Solana bagged second place.

Maple (MPL), an institutional crypto-capital marketplace powered by blockchain technology, today announced its launch on the Solana blockchain. This launch makes Maple the first undercollateralized lending protocol on the Solana blockchain, and the first to be multi-chain. “In less than one year since launching on Ethereum, Maple proved to be a critical infrastructure provider to

TORONTO--(BUSINESS WIRE)--SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to provide its investors with unaudited financials for the first quarter ended February 28, 2022, and a general...

SOL price continues to trade lower but hovers near the vital support. The price remains pressured near the descending trend line, which indicates a complex correction in the price.

The gaming industry is one of the most successful and quickly growing industries, and along with it, the crypto space is growing just as quickly. Combine these two, and what you get is looking to become the next big thing since, with the explosion of NFTs and Metaverse, it already has the attention of crypto leaders.

DeGods, the biggest NFT project on the Solana network by market cap, confirmed today that it has acquired one of the basketball teams in Big3, a professional basketball league founded by rapper and actor, Ice Cube. Earlier this month, Big3 revealed plans to fractionalize team ownership by issuing NFTs for each of the 12 teams in the league.

Evolve Markets, a crypto-denominated margin trading platform, announced today that Solana (SOL) accounts and deposits are now available on its web trading app and MetaTrader 5. SOL accounts enable a new, super-fast deposit option for traders.

Solana decentralized autonomous organizations (DAOs) are pushing harder to foster governance voting. The Notifi Network is planning to boost the rate of participation in governance [.