Solana Network Suffers ‘Major’ Outage, SOL Slips 2%

Solana suffered a “major outage” on Tuesday, the network’s system status page shows.

“Solana Mainnet-Beta is experiencing a performance degradation, block progression is currently halted, core engineers & validators are actively investigating,” said Laine, a Solana validator, in an X post.

Core engineers have identified a fix and are building a new version for validators to upgrade, network validator @mtromp said in an X post.

In a follow-up post, Laine said that validators had begun generating snapshots using their local ledger state – or the most recent data before the outage – to prepare for a restart.

Validators are entities that utilize computing power to maintain a blockchain and process transactions. Snapshots refer to an exact copy of blockchain data at a certain point in time.

Blocks seem to have last processed at 09:52 UTC, data from Solana blockchain trackers show. At the time of writing, Solana’s SOL tokens fell over 2% to $94 after the news came out.

The halt comes nearly a year after the Solana network for down for almost two days in April 2023.

UPDATE (Feb. 6, 10:46 UTC): Updates with SOL price and system status page.

UPDATE (Feb. 6, 11:37 UTC): Updates with comment on network fix and snapshot plans.