Solana Arbitrum

A spike in transactions has caused a major shutdown at Solana. This problem hasn’t been solved at the time of writing this article. Also, Arbitrum went down for just 45 minutes in an unrelated incident. 

According to the official response on Twitter, Solana shut down by a large increase in transactions per second, reaching 400,000.

A Forking Big Mess

On the other hand, Solana stated that the massive surge in transactions flooded the transaction processing queue. The network started forking due to a lack of network critical messaging prioritization. Look at the official tweet below:

Also, the director of research at The Block, Larry Cermak, postulated that Solana’s network demand was due to a scheduled IDO.

Also, there is a possibility of an orchestrated attack. One Ethereum developer pointed out this, who reported that an attempt was made on the Ethereum, which managed to survive unscathed.

As a result, Solana’s native token, $SOL, dumped 12% in a slide to $150 before recovering to trade at $162 at the time of writing.

Arbitrum Down for 45 Mins

Arbitrum’s outage was minor in comparison to Solana’s problem, which lasted only 45 minutes. The platform stated that it was not a network outage but a bug that caused the shutdown.

The firm behind the protocol technology, Off-chain Labs, released a report on September 15th detailing the situation and confirming that funds were not at risk.

The sequencer allows users to post transactions directly to the Arbitrum chain for high-speed responses. Arbitrum, which is still in beta version, has also been under heavy load following the launch of a layer 2 yield farm called ArbiNYAN.

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