Categories: Payment system news

Solana is Down: SOL Price is Dipping

Solana is down. The popular layer-one hasn’t been offline for quite a while, but it appears that the network isn’t functioning for a bit.

According to an official update from the Solana Status account, the “mainnet-beta” experienced an outage, and engineers across the ecosystem are working to identify the issue.

The update is from 10:22 UTC, which means that, at the time of this writing, the network is down for more than half an hour.

Engineers from across the ecosystem are investigating an outage on mainnet-beta. This thread will be updated as more information becomes available https://t.co/rfeioQ6BG9

— Solana Status (@SolanaStatus) February 6, 2024

Meanwhile, SOL’s price is feeling some pressure following the news as it’s currently trading at a 2% discount compared to less than an hour ago.

The post Solana is Down: SOL Price is Dipping appeared first on CryptoPotato.

superadmin

Recent Posts

Ripple’s XRP Risks Losing Spot Among Top 10 Cryptos by 2030 Unless This Crucial Shift Happens, Pundit Warns

Ripple-linked XRP may be one of the biggest names in the cryptoverse today, but its…

1 hour ago

Billionaire Investor Chamath Palihapitiya Says Bitcoin Will Eventually Be Hacked by AI and Go to Zero

The debate over whether Bitcoin’s hashing algorithm can be hacked continues to evolve. This time,…

2 hours ago

Cardano Foundation Pushes Back on New MiCA Rules for DeFi and Staking

The Cardano Foundation has urged the European Commission not to broaden the Markets in Crypto-Assets…

6 hours ago

“1% of Global Capital Being Invested in Bitcoin Would See a Price of About $275,000,” Market Expert Reveals

Matt Crosby, a research director at Look Into Bitcoin, said in a recent interview that…

6 hours ago

Cardano Gains 1.7M New Traders Thanks to Pump.fun Integration Amid Midnight’s 2027 Block Production Shift

Cardano could be heading toward a fresh wave of adoption as market analyst Lana Valentis…

1 day ago

Ripple’s XRP at $1.3: Is a 6.8X Rally Next as Ledger Transaction Volume Explodes to $49.7 Billion?

XRP bulls may have a reason to smile after a sharp surge in on-chain transaction…

1 day ago