Transactional activity on the buzzing Solana network has briefly halted amid a “performance degradation,” validators for the network confirmed Tuesday.
“Solana Mainnet-Beta is experiencing a performance degradation, block progression is currently halted, core engineers & validators are actively investigating,” said Laine, a Solana validator, in an X post.
The network’s system status page also reflected the outage.
Blocks seem to have last processed at 09:52 UTC, data from Solana blockchain trackers show. At the time of writing, Solana’s SOL tokens fell over 2% to $94 after the news came out.
The halt comes nearly a year after the Solana network for down