Solana is Down: SOL Price is Dipping



Solana is down. The popular layer-one hasn’t been offline for quite a while, but it appears that the network isn’t functioning for a bit.

According to an official update from the Solana Status account, the “mainnet-beta” experienced an outage, and engineers across the ecosystem are working to identify the issue.

The update is from 10:22 UTC, which means that, at the time of this writing, the network is down for more than half an hour.

Meanwhile, SOL’s price is feeling some pressure following the news as it’s currently trading at a 2% discount compared to less than an hour ago.

UPDATE:

The core engineers of the Solana network identified the fix and are in the process of crafting a new version for validators to implement, as communicated by network validator mtromp.

Later, Solana Status advised the validator operator to prepare for a network upgrade and restart. Mainnet validator operators have received instructions to upgrade to and restart version v1.17.20.

Today was the first outage experienced by Solana in 2024, which ended a streak of uninterrupted uptime that began exactly one year ago.”

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