On the 14th of September, the Twitter account, Solana Status, an apprise account for the Solana blockchain, disclosed that Solana’s mainnet beta had been suffering irregular instability over a 45-minute period. Few hours later, the account explained the reason for the shakiness in a tweet stating that it was a result of a large increase in transaction load to 400,000 per second which had overcome the network and ultimately caused a denial-of-service.
The tweet reads;
Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused the network to start forking. This forking led to excessive memory consumption, causing some nods to go offline.
what is occurring now
The apprise account for the Solana disclosed before the start of the London session that the validator community has sufficiently completed a restart of the Mainnet Beta after an upgrade indicating that the network is back online. The tweet stated;
The Solana validator community successfully completed a revive 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.
According to the the tweet, the network is back online but full functionality will not be expected until after several hours. The price of SOL seems to be recovering as it now currently stands at $165 per token, almost erasing all the losses made when the news broke.