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News Report

Solana Technical Issues Resolved After More Than 24 Hours

2 mins
Updated by Ryan James

In Brief

  • Solana had a technical issue that lasted for around 24 hours.
  • Solana status page said the community restarted the cluster around 01:28 UTC on Feb. 26.
  • SOL's price was largely unaffected, rising 0.41% to $22.
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Solana is back and fully operational after a major technical issue caused a disruption that prevented users from completing transactions on the mainnet.

The issue appears to have begun during the early hours of Feb. 25. At the time, the network had completed an upgrade to the network; however, problems began to arise as transactions were slowed down significantly. Solana Status confirmed that the upgrade from 1.13 to 1.14 caused block finalization issues for the network.

Meanwhile, the initial attempt to restart the network failed as validators were forced to pause the restart. The problem was eventually fixed even though there was no adequate information. During this period, Solana users could not process transactions or move their assets on the platform. 

The incident report on Solana Status page is titled “cluster instability.” According to the page, the Solana community restarted the cluster around 01:28 UTC on Feb. 26.

Solana’s Recurrent Network Issues

Although this technical issue did not lead to a complete outage, it reminded many of the Solana network’s several outages in the past. In 2022 alone, the network suffered several outages for different reasons. Earlier this year, Solana Foundation-ran Remote Procedure Call (RPC) endpoints went offline because of a bug.

Meanwhile, Solana enthusiasts pointed out that the recent technical issue showed its level of “decentralization.” Staking solutions provider Chorus One said validators debated on what version to run, adding that “without all these debates, we would be back up in an hour. But, every decision along the way – whether to downgrade, whether to restart, when to switch from the downgrade approach to the restart approach – is debated. Voting happens. We end up taking 8-10 hours to recover instead of 1.”

SOL Price Unaffected

Despite the issues, SOL is up 0.48% in the last 24 hours and is trading for $22.88 as of press time, according to BeinCrypto data,. The digital asset has risen by 107% in the last 60 days, making it one of the best-performing assets in 2023.

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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.