Yesterday, the blockchain battled through an outage for more than four and a half hours, according to Solana status. It was the first outage in the past month, with the previous outage occurring on May 1, 2022.
The blockchain has struggled to provide 100% uptime (a measure of availability) over the past 3 months.
The network faced its worst outage in January 2022, crashing the network every day for seven consecutive days.
“Cleared out all the bots” tweeted Anatoly Yakovenko, the co-founder of Solana after fixing the latest outage.
Amid the outage, interest in Solana NFTs also plummeted. Per data from Cryptoslam, the overall NFT sales on Solana dropped by 61.30% to $1.72 million.
Okay Bears, the Bored Ape Yacht Club-like NFT collection on Solana showed decreased user interest, with the 24-hour trading volume dropping by 43.40%, according to data from OpenSea.
Trading volumes of other popular NFT collections on Solana including Trippin’ Ape Tribe, DeGods, and FatCats Capital also dropped at least 40% over the same period of time.
As for the leading cryptocurrencies, Bitcoin is down 4.87% in the last day and is trading hands at around $29,968. Ethereum is trading at $1,826, a drop of over 5.5% over the past 24 hours.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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