$96,711.00
1.62%$1,825.39
0.51%$2.21
0.32%$598.46
-0.50%$149.56
-0.61%$0.999978
0.01%$0.180677
2.66%$0.704958
0.98%$0.244797
-1.75%$1,823.56
0.48%$96,696.00
1.68%$3.48
-1.36%$14.74
-1.03%$21.39
0.53%$0.275698
0.91%$8.95
-0.03%$3.20
2.19%$0.00001348
0.88%$0.187801
1.65%$1.00
0.01%$2,188.08
0.33%$370.61
1.38%$20.35
1.91%$88.69
3.60%$4.22
1.88%$1,827.43
0.62%$1.00
0.06%$4.39
0.75%$273.85
-1.29%$1.001
0.08%$29.22
0.62%$0.596443
-2.40%$1,945.38
0.51%$96,761.00
1.69%$0.00000876
-1.60%$5.54
2.13%$5.31
0.24%$364.68
1.15%$2.55
1.05%$51.23
-0.18%$1.05
0.02%$1.00
0.00%$0.906193
-0.91%$21.74
-1.20%$4.96
-0.48%$174.02
2.24%$17.15
2.48%$31.86
1.70%$12.53
-4.95%$0.737304
-0.65%$0.09492
0.60%$0.089893
0.07%$4.58
1.06%$0.02734059
1.40%$1.001
0.13%$0.242422
0.75%$1.17
0.02%$4.45
2.17%$96,694.00
2.18%$2.89
3.77%$0.718517
-5.42%$0.217172
-2.62%$4.29
0.33%$0.312881
-3.52%$0.546931
-1.01%$2.62
-5.23%$0.33825
1.28%$4.14
0.05%$96,692.00
1.72%$0.998901
-0.01%$0.00001865
-3.65%$1.042
-3.26%$10.76
-0.28%$0.460088
-3.59%$1,543.57
2.38%$0.831834
-0.49%$1.23
1.06%$0.743889
1.69%$156.62
-0.78%$83.81
8.99%$0.077184
-0.33%$1.19
-4.80%$0.649807
14.59%$0.750895
11.01%$4.20
5.20%$0.220087
-1.42%$0.01760493
-1.35%$1.71
5.74%$1,826.85
0.60%$1,900.37
0.44%$1.00
0.14%$10.20
0.02%$0.100541
2.73%$0.716511
-3.45%$1.00
0.06%$1.00
0.04%$598.88
-0.41%$2,070.80
0.55%$2.92
2.40%$0.01724343
2.57%$0.00008589
-2.23%$1.00
0.01%$3,270.84
0.91%$40.36
5.66%$0.212008
1.36%$0.791035
0.03%$0.629085
7.20%$192.72
-0.58%$3,273.72
0.79%$96,653.00
1.59%$0.855005
1.20%$0.01718943
0.63%$165.20
-0.56%$0.756699
-0.38%$13.21
-0.61%$96,428.00
1.96%$0.304575
1.44%$96,455.00
0.51%$3.87
-3.65%$0.00000071
-0.03%$0.119102
3.42%$1,942.45
0.55%$0.0105347
-3.23%$2.07
-0.64%$0.997697
0.00%$0.065461
-0.03%$0.406533
0.22%$0.999025
0.05%$18.60
0.53%$0.612199
-2.02%$2.90
-1.35%$1.86
2.27%$0.01785076
-0.79%$37.19
3.45%$1.10
-0.72%$0.317595
0.43%$0.564359
0.18%$1,912.28
0.66%$3.61
1.92%$0.151352
-1.71%$0.00948404
3.20%$0.663758
-3.88%$0.00573441
5.28%$0.442232
2.45%$7.88
13.86%$0.553433
-2.03%$0.658627
-0.12%$17.79
-1.56%$97,466.00
-0.46%$0.999107
0.05%$0.99999
0.01%$96,645.00
1.56%$1.40
2.03%$0.195619
-22.08%$1,907.77
0.43%$0.067017
-2.38%$0.438749
-1.04%$0.188404
-2.52%$0.9999
-0.00%$0.180403
2.57%$93,101.00
-0.14%$0.146188
-1.27%$0.00002287
2.88%$96,515.00
1.76%$110.89
0.01%$0.549348
1.17%$6.20
1.19%$1.57
-0.27%$0.447778
-8.46%$0.00811515
-9.55%$2.61
3.52%$1,826.82
0.59%$0.00000042
0.45%$0.080479
-0.81%$3.46
-1.24%$1.085
0.00%$0.999713
-0.15%$0.04235152
1.22%$1.63
-5.48%$0.087786
-3.67%$0.242448
0.93%$1,825.25
0.50%$1,943.79
0.63%$0.191414
1.50%$1,827.66
0.65%$1.41
11.36%$0.377326
-3.81%$0.00530009
17.53%$0.386573
-0.16%$0.03662961
-4.98%$22.13
3.26%$32.92
4.84%$40.45
-0.10%$0.998885
-0.22%$0.562912
0.69%$1,819.68
0.32%$0.132666
0.52%$0.00411462
-0.74%$0.00006349
4.09%$0.01777215
-0.53%$0.81865
1.71%$1,894.72
2.35%$1.00
0.00%$0.737171
3.84%$0.733201
0.95%$0.302061
7.12%$1.002
0.31%$1.00
0.03%$0.999856
0.04%$96,434.00
1.46%$2.73
-3.29%$0.299462
13.77%$0.239969
-0.85%$0.00000144
-0.66%$112.97
0.10%$1,816.45
0.69%$0.00291685
1.27%$0.208923
-0.48%$21.40
0.45%$0.137972
-1.29%$23.18
-0.87%$20.43
2.43%$0.03331866
5.78%$0.483713
-2.64%$96,441.00
1.17%$3.41
-2.24%$0.998998
-0.01%$3,259.24
0.76%$0.271364
-0.43%$0.999937
-0.00%$0.00303444
4.83%$1,932.61
0.56%$0.53344
-0.22%$2.82
0.53%$0.03785208
-0.04%$15.83
1.37%$1,938.91
1.45%$0.00347595
-0.80%$3.13
5.24%$0.970574
1.16%$0.01311313
0.23%$0.00247946
-5.46%$0.109068
-1.15%$1.097
0.07%$0.726856
0.13%$2,002.72
0.51%$96,549.00
1.68%$1,991.24
0.63%Reading
Rising blockchainblockchain network Solana hit a roadblock on Tuesday when the network shut down due to overwhelming transaction volumes. Solana was ultimately offline for nearly 18 hours before validators were able to successfully restart the decentralized network, but coming back online and resuming block production isn’t as simple as flicking a switch.
“Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality should be restored,” the official Solana Status Twitter account tweeted at 2:01am ET. Shortly before then, an administrator in the official Solana Discord server wrote, “and we’re back.”
It’s unclear whether “full functionality” has been restored at this time. Solscan shows transactions processed less than a minute ago, as of this writing, but has displayed longer lag times over the past hour. Solana validators stopped producing blocks just before 8am ET on Tuesday, and the network was unable to process transactions until the network was restarted.
Solana Foundation representatives did not immediately respond to Decrypt's request for further information about the network restart process.
In a statement yesterday, the Solana Foundation attributed the network outage to a flood of transactions that overwhelmed the network, and said that engineers could not stabilize the network in time.
The Solana validator community successfully completed a restart of Mainnet Beta after an upgrade to 1.6.25. Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality should be restored.
— Solana Status (@SolanaStatus) September 15, 2021
“Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 [transactions per second],” the statement reads. “These transactions flooded the transaction processing queue, and the lack of prioritization of network-critical messaging caused the network to start forking. This forking led to excessive memory consumption, causing some nodes to go offline.”
Solana Labs CEO Anatoly Yakavenko tweeted yesterday that the transactions were sent to Raydium, a leading decentralized financedecentralized finance protocol on Solana. Raydium was about to begin an IDO, or initial decentralized exchange offering, a type of tokentoken sale that is comparable to an initial coin offering (ICOICO). In this case, however, it takes place on a decentralized platform rather than a centralized exchange.
The IDO in question was for Grape Protocol, a popular toolset for developers of DeFi apps, such as peer-to-peer trading and lending platforms. Yakavenko added that Solana engineers had already started addressing the issues prior to yesterday’s outage, but that the planned software update had not yet been released.
The price of Solana’s native SOL cryptocurrency dropped during the outage, falling from a high yesterday of $169 to a low of just above $145, per data from CoinGecko.
Solana has been one of the hottest cryptocurrencies of late, rapidly rising in value from a price of about $37 one month ago to an all-time high of nearly $197 today, according to CoinGecko. Rising network activity is credited for that swing, and now even comedian and television host Steve Harvey is getting in on the “Solana Summer” NFT hype. Today, Harvey changed his Twitter profile picture to that of an NFT from the Solana Monkey Business collection, a set of 5,000 randomly-generated images of...
However, it has rebounded as the network has restored functionality, with the price currently sitting at about $163. SOL has seen a surge in value in recent weeks, rising from a price of around $35 at the start of August to an all-time high above $213 just last week.
Developers working on Ethereum are about to finalize two complementary standards that could solve one of the network's persistent user experience problems: how to clearly point to addresses across different chains. "Users and apps need ways to unambiguously refer to an address on a specific chain," Wonderland, a multi-protocol team contributing to Ethereum and other decentralized networks, explained. Right now, "there's no standard way for wallets, apps, or protocols to interpret or display thi...
The promise of free crypto in exchange for your biometric data is now live in the U.S., courtesy of World, the eyeball-scanning project co-founded by OpenAI CEO Sam Altman. It announced Wednesday that it is officially rolling out its orbs in six major American cities: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. While it toured its orbs around the U.S. in earlier promotional efforts, it stopped short of offering full services stateside. The U.S. debut for World, formerly kn...
Cryptocurrencies have failed to deliver on their promises, cryptography pioneer Adi Shamir suggested at the RSA Conference in San Francisco, California, on Tuesday. "My personal opinion is that the world would have been better without cryptocurrencies," he told attendees of an expert panel at the conference, per an initial report by The Register. Shamir, co-inventor of the RSA encryption algorithm, was unequivocal about his position. While praising Satoshi Nakamoto's seminal whitepaper on Bitco...
