DeFi traders complain about network instability that hit Solana this weekend, four months after its last outage; Solana pushes update to fix “the worst effects”
There Will Be Blood — Cryptoasset markets have had their worst … Scott Chipolina / Decrypt : Solana Tanks 16% Amid Ruthless Crypto Market Crash Bhushan Akolkar / CoinGape : SOL Tanks 6% As Solana Faces Another 48 Hour Outage, Boom and Bust Moment for Solana? Joanna Ossinger / Bloomberg : Solana Suffers Network Instability in Brutal Week for Crypto Tweets: @aeyakovenko : Huge thanks to all the folks that debugged these issues over the last 48 hours. @leolukde @CertusOne @buffalu__ @BlockdaemonHQ @triton_one @ShinobiSystems @Neodyme and the folks at solana labs who didn't sleep for 48 hours. https://twitter.com/... Frank Chaparro / @fintechfrank : My latest - Traders are complaining about Solana's network performance, raising questions about whether it's ready for Wall Street https://www.theblockcrypto.com/ ... @metaverse_llc : Impactful reporting from @fintechfrank. For these very reasons, we recently made a difficult decision to step away from #Solana for greater focus on #Avalanche and #ICP both of which are more robust and better architected. SOL will survive, though. https://www.theblockcrypto.com/ ... @petermccormack : Solana has been down for around 72 hours now? Can't scale Won't scale Sean Lee / @algoseanlee : Not cool. Reliability and stability are the fundamentals for any distributed systems, blockchain or not. https://www.theblockcrypto.com/ ... Katie Greifeld / @kgreifeld : “I don't care about the price,” @jgreco said in a message to The Block. “But I can't get anything done on the network. How many times is this going to happen at exactly the time when the network needs to perform the most?” https://twitter.com/... Jim Greco / @jgreco : My favorite response to this is “what did you expect, Solana is in beta”. This was a coin with a $75b market cap and billions more in assets on the platform. The cavalier attitude about it by the Solana devs has been infuriating. https://twitter.com/... @mattsenter : The Solana official status tracker is using some Orwellian Newspeak considering all the reports of lost transactions and involuntary liquidations over the past 3 days.. stay safe, y'all.. https://twitter.com/... @mattsenter : @PeterMcCormack I love the official status the most.. https://twitter.com/...