Block production stopped in Solana: SOL price is down

In Solana, one of the leading blockchains, as of 17.00 CET, new blocks could not be mined for about an hour and transactions cannot be made.

In the last statement made by the Solana team at 15:38 CEST, there were intermittent instability problems and the problem started 45 minutes ago. reported. It was also informed that the engineers were investigating the problem.

In the last block, the number of transactions remained at only 35, while the cause of the problem is not yet known. However, there are allegations that demand for the highly sought-after Parrot IDO, which started 13 hours ago, may have caused a cut.

After the decrease came the increase

With this disruption, the price of SOL decreased to $ 155, while trading at levels close to $ 170. Later on, around 17.45 TSI, the price went up to $ 164, although transactions could not be made on the blockchain.

“There is a connection problem with wallets and applications”

In a statement made on the Twitter account of Phantom, a wallet application running on Solana, the following statements were used:

“The Solana network seems to be experiencing intermittent instability at the moment. Connection problems occurred in Phantom and other applications. We will update as soon as there are new developments in the situation.”