Solana Hit By “Intermittent Instability” Again, Arbitrum Suffers Outage

The Solana Foundation reported that the high-throughput blockchain was experiencing “intermittent instability” earlier today. Meanwhile, the Ethereum Layer Two solution Arbitrum is also down. 

Solana, Arbitrum Face Network Issues 

Solana and Arbitrum are down. 

Solana Status, a Twitter page run by the Solana Foundation, posted an update reporting that the issue had been ongoing for 45 minutes at 12:38 UTC Tuesday. It read:

“Solana mainnet-beta is experiencing intermittent instability. This began approximately 45 minutes ago, and engineers are investigating the issue.”

The team added that resource exhaustion had caused a denial of service and that engineers were looking for a resolution. “Validators are preparing for a potential restart if necessary,” the announcement read. 

Data from SolScan, a popular block explorer for Solana, indicates that the last block on the network was processed roughly three hours ago. Many users have also reported that their funds are stuck as a result of the incident.

Phantom, a popular Solana-based wallet, confirmed that it was “having trouble connecting” along with other applications. 

Solana, which bills itself as a high-throughput blockchain, has faced other performance issues in recent weeks. On Sep. 2, Solana Status posted a similar message that the network was experiencing “intermittent instability,” which was the result of performance degradation. The issue reduced throughput on the network and reportedly lasted for about 62 minutes. 

Solana’s SOL token took a dip around the time the issues started, hitting a low of $156.36. It’s slightly recovered since, trading at $162.41 at press time. 

Following Solana’s update, the Ethereum Layer Two solution Arbitrum reported that its Arbitrum One mainnet had suffered an outage. A tweet read:

“We are currently experiencing an outage on Arbitrum One. Our team is working on it and we will post updates here.”

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article

click fraud detection