Solana Network Unstable for Nearly 48 Hours, Excessive Duplicate Transactions to Blame

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HIGHLIGHTSDeFi users faced heavy liquidationsSolana suffered multiple network outages in JanuaryIssue resolved after release and adoption of v1.8.14

Solana’s blockchain network was unstable for a period of nearly 48 hours beginning January 22, adding to the burden of several partial network outages this month.

According to data available on the Solana Status website, the partial outage began on Friday and lasted 12 hours and 15 minutes to continue for 17 hours and 7 minutes on Saturday.

The instability was due to “excessive duplicate transactions” executed by bots, the Solana Status team said in a tweet.

The issue was resolved on Sunday after the release and adoption of v1.8.14, which was designed to “mitigate the worst effects of the issue”. Solana Labs co-founder Anatoly Yakovenko wrote on Twitter and thanked the engineering team that helped resolve the network congestion.

“Many thanks to everyone who has debugged these issues over the past 48 hours,” Yakovenko wrote.

Although the network issue was resolved, DeFi users on the blockchain had to pay a price as they faced heavy liquidations in the 48 hours the network was down.

This 48-hour instability came on top of recent partial outages experienced on the Solana network. There were a number of partial outages on the Solana network between January 6 and January 12, according to available data.

The recent outage happened when the crypto market was bleeding heavily on Friday. As of 1:39 a.m. ET, Solana was down 6.39% at $89.44, according to data from CoinMarketCap. The total volume locked (TVL) of the coin stands at $7.73 billion, according to Defi Llama.

As the overall market continues to be bearish, investors have been putting their faith in Cardano, which, although smaller, has the potential to generate gains this year. This is because of its fast transactions with no downtime.

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