With the crypto market witnessing one of the most bearish weeks in recent memory, Solana, the much-heralded rival of Ethereum, saw a network outage that lasted for more than 24 hours which led to massive losses for users of the blockchain.
Solana goes off again
On January 21, the Solana network team revealed that the network was suffering an outage. Then, the cause of the “performance degradation” was unknown, but 24 hours after investigation, it was revealed that the issue was caused by bots performing “excessive duplicate transactions.”
Notably, this outage coincided with when the global crypto market was experiencing a heavy fall on Friday. Aside from this, it would be the second time that the Solana network would go offline in this year alone.
DeFi users count their losses
Available information has shown that DeFi users of the blockchain were left to rue their losses due to the network outage.
Users of Solend, a decentralized protocol for borrowing and lending on the Sola
We współpracy z: https://cryptoslate.com/latest-solana-outage-leave-users-liquidated/
