Solana Suffers Setback After Network Is Flooded With Transactions By CoinQuora

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Solana Suffers Setback After Network Is Flooded With Transactions
  • rival fell by 15% over 24 hours following a denial-of-service disruption.
  • As per reports, a high number of transactions overwhelmed the network.
  • Other blockchains suffered setbacks on the same day; Arbitrum One and Ethereum.

Major Ethereum rival — Solana (SOL), has shed 15% of its value over the past 24 hours following a denial-of-service disruption. The entire world watched and participated as the blockchain fell from grace.

September 14, 2021, saw Solana Status’ Twitter (NYSE:) account announcing the instability of Solana’s mainnet beta at 12:38 PM UTC. It shared on Twitter that the mainnet has been suffering intermittent instability over a 45-minute period.

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