Key Takeaways:
- Solana Network has not experienced an outage since February.
- The network was notorious for having embarrassing outages.
- Since then, Solana’s transactions per second have also increased.
YEREVAN (CoinChapter.com) — In an impressive streak, the Solana Network (SOL) has not had an outage since February. For a network infested with service interruptions, maintaining 100% uptime for six months straight is monumental progress.
The network performance comes following a series of upgrades that the developers had focused on to stabilize the Solana ecosystem.
On Feb. 25, Solana (SOL) experienced a network outage lasting over 18 hours, temporarily halting user transactions. Solana engineers faced severe challenges in identifying the root cause of the issue.
The embarrassing incident drew criticism from rival blockchain communities, including Ethereum (ETH).
Solana’s co-founder, Anatoly Yakovenko, committed significant resources to enhance the blockchain’s stability throughout the year. Six months since then, it seems he has delivered on the commitment.
According to crypto investor Mike Dudas, who is also the co-founder of The Block, Solana has shown commitment to network improvement. As a result, traders have enjoyed a summer of prolonged stability.
Solana network outages show the door
In its July report, the Solana Foundation highlighted the impact of various upgrades in enabling the network to handle increased traffic and demand efficiently. These upgrades include the implementation of QUIC TPU, Stake-weighted QoS, and localized free markets,
Block production time, which measures the speed at which the network adds new “blocks” to the blockchain, has maintained a consistent trajectory through this period.
Furthermore, the average transactions per second on the Solana network have remained relatively stable since December 2022.
According to the foundation, the maximum daily transactions per second have steadily increased since January. Data from Dune Analytics indicates a current figure of 4,127 TPS while writing.
Despite the improvements, the network’s native token, SOL, remains over 90% down from its all-time high of $260 nearly two years back. Year-to-date, the altcoin has lost about 40% in its price.
At the time of writing, SOL exchanges hands at $19.57, according to TradingView charts.
Meanwhile, Solana’s emphasis on stability could signify a change in the mindset of the SOL community and investors.
