Solana: Despite poor performance on the charts, SOL continues to expand its reach

The persisting problem of the network outages on Solana has left investors annoyed and frustrated. Still, the larger impact this problem can have is completely overlooked at the moment.

Timeline of Solana

Okay Bears NFTs are the first Solana-powered NFT collection to achieve 24-hour sales records on the world's largest NFT marketplace, OpenSea. This is not only a significant milestone for the collection, but also a celebration of the entire Solana blockchain.

January has been a tough month for Solana as the coin encountered a total of six outages. This time Solana again faced a downtime as there has been an increased number of transactions flooded by the Candy Machin NFT bots causing network congestion.

After at least 9 days with reported outages so far in 2022, the price of solana (SOL), the 7th largest cryptoasset by market capitalization, does not appear overly affected by the network troubles, with prices for the most part staying rangebound between USD 80 and USD 120 since late January.

The Solana blockchain is back online following a 7-hour interruption due to many bots attempting to generate NFTs on the cryptocurrency network. Late Saturday, an NFT casting application for Solana known as Candy Machine suffered under a deluge of load from bots attempting to force actions, making Solana's mainnet go down.

Yield Guild Games (YGG) SEA has teamed with Solana Ventures, the investment arm of Solana Labs, to help grow the platform's subDAO operations in Southeast Asia. Solana and YGG SEA will work together to establish training programs for building projects on the Solana blockchain, according to the agreement.

Solana is recovering from another outage which is being attributed to a swarm of bots that overwhelmed the Candy Machine, a tool for minting non-fungible tokens (NFTs). “Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord,” Solana Status said on Twitter. Solana Status noticed an The post Solana Faces Seven-Hour Outage After Bots Overhwhelm NFT Minting App appeared first on Coin Bureau.

Solana went dark for 7 hours because of a bot traffic issue but it wasn't immediately clear how the traffic overcame network safeguards so let's read more today in our latest blockchain news today. Solana stakeholders rushed to right the network on Saturday with what one insider called an “insane amount of data” which flooded

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.

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.