Solana (SOL) surged 350% between August 7 and September 7. In the past two weeks alone, the native token of the red-hot Ethereum alternative flipped Dogecoin and then XRP to become the No. 6 cryptocurrency by market cap.
But then on Tuesday, the Solana network went down. The 17-hour outage sent SOL tumbling 16%.
Solana founder Anatoly Yakovenko tweeted that the outage was caused by bots „flooding the network” during an IDO (initial DEX offering) for a token called Grape on Raydium, a decentralized exchange built atop the Solana network. In reply to a Solana user asking, „Please tell Raydium not to do FCFS [first come, first serve] IDO anymore,” Yakovenko shrugged it off: „Nah, just need to fix the bugs. Part of life.” Later in the day, he reflected it was better the outage happened now than later on, when Solana has a billion users.
better now then when its a billion users
— Anatoly Yakovenko (@aeyakovenko) September 14, 2021
That’s admirable optimism. But whether Solana ever get
Źródło: https://decrypt.co/81230/solana-outage-sol-growing-pains
