Solana, a high-performance blockchain known for its fast transaction speeds and low fees, has recovered from a significant network outage that lasted nearly 24 hours.
The outage, caused by a surge in bot activity during an NFT minting event, overwhelmed the network with over 4 million transactions per second, leading to a complete halt.
Solana’s development team quickly issued a software update to address the issue and prevent future occurrences. Despite the setback, Solana’s price remained relatively stable, and the community has expressed confidence in the network’s resilience.
The incident has sparked discussions about the need for more robust security measures and scalability solutions in the blockchain space.
