The Solana network crashed again on 1 June night. It was a 4 and a half hour-long crash that was reported by the Solana team via tweets instantly. This is the latest crash in a series of network outages in less than a year.<\/p>\n
Power failure is price failure<\/h3>\n
Solana was down again on 1 June with a four and a half hour power outage across the network. This is the latest server crash after last month’s crash that caused a huge outrage at the time. The crash comes at a very bad time as users are already disgruntled over the crypto crash in May.<\/p>\n
The official channel from the Solana team stated,<\/p>\n
\n“Validator operators successfully completed a cluster restart of Mainnet Beta at 9:00 PM UTC, following a roughly 4 and a half hour outage after the network failed to reach consensus. Network operators an dapps will continue to restore client services over the next several hours. “<\/p>\n<\/blockquote>\n
The Solana team has ensured users that the network is secure as are all the funds.<\/p>\n
\nNetwork state is secure, as are funds. Validator operators are coordinating a restart from the highest confirmed block in public on mb-validators in Discord.<\/p>\n
– Solana Status (@SolanaStatus) June 1, 2022<\/a><\/p>\n<\/blockquote>\n
Despite the assurances of the Solana team, users were visibly taken aback by the network deficiencies. SOL prices soon took a hit and slumped to below 14% around $ 38.5. This prompted SOL to its lowest prices since August 2021.<\/p>\n