Solana's price has taken a hit amid another major outage that has grinded the network activity to a halt.
Crypto pundit and host of NFT Alpha show, Nick Valdez first brought the development to public attention on Twitter after a series of speculative mentions. A few hours later, the official Solana Twitter handle confirmed the report in the early hours of Saturday.
According to the handle, the network experienced an outage and transactions were no longer being processed. The Solana team assured the community that network developers were already up and about, looking to resolve the issue.
This incident marks the fourth time Solana is experiencing a major outage this year. The network is now renowned within the crypto community for its occasional blackouts, as several proponents have cited the pattern as a reason to steer clear of the chain.
Following confirmation of the outage, Solana shared a document with instructions to validators on steps to take in order to assist in solving the...
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