#Solana-SOL

🚀Solana Experiences Major Network Outage🚀

Solana's blockchain network faces a significant outage, impacting block processing and SOL token prices.

Network Disruption:

Solana's blockchain faced a significant setback as it encountered a 'major outage' early Tuesday, prompting immediate action from core engineers and validators. The network's progression of blocks came to a standstill, detailed by Solana's status updates, and evidenced by halted block processing since 09:52 UTC, as per blockchain tracker insights.

Market Reaction:

The impact of the outage was reflected in the cryptocurrency market, with Solana's native token, SOL, experiencing a 2% drop in value to $94 subsequent to the disruption news breaking. Market sensitivity to network performance issues remains evident.

Historical Context:

This event marks almost a year since Solana's network was previously down for an extended period of almost two days in April 2023, drawing attention to the network's operational challenges. The article concludes with an update noting a further dip in SOL price and ongoing monitoring of Solana's system status.