Solana Thrives Despite Network Issues, Records 4% Uptick Amid Downtime

Share on Facebook Share on Twitter

Solana Defies Network Issues and Shows Strength

The cryptocurrency Solana (SOL) has shown remarkable performance in recent days despite network issues. The coin even managed to record a price increase while the network was offline.

SOL Outperforms BTC by More Than 4%

The Solana blockchain remained online after a major issue a few days ago. The recent Solana network outage attracted considerable attention, especially as it represents a significant weakness. Nevertheless, the SOL price was able to shine.

Solana Continues Upward Trend

An analysis of Solana’s price trend on a daily basis showed an upward trend over the past three days. This surprising trend follows the recent challenges the network faced. In the last three days, SOL has grown by over 5%. On February 7, the price experienced a surge of more than 4%, closing the trade at $101.11. At the time of writing, SOL was trading with a slight increase and was hovering around $101.6.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

Solana Remains Online After Outage

An examination of Solana’s status showed that the network had remained online for the last 90 days prior to its outage on February 6. The status overview showed an impressive uptime of 99.77%, with the outage on February 6 lasting over four hours. It is worth noting that all other systems, except for the mainnet, were operational on the day of the outage.

Development Activity and Social Dominance Increase

An analysis of Solana’s development activity on Santiment showed a notable increase as the mainnet went offline. The chart shows that the development activity on February 6 rose to about 149 and has risen to 153 at the time of writing. This suggests that the developers on the network intensified their efforts on the day of the outage and this increased activity continues.

Another significant indicator that recorded an increase was social dominance. Solana’s social dominance rose to nearly 7% on February 6, meaning it claimed this percentage of the total discussion in the space. At the time of writing, social dominance had dropped to about 3.5%.

Sources: Trading View, Santiment

Share on Facebook Share on Twitter
Casinos: 11
Profile Solana
Symbol SOL
Coin type Alt Coin
Transaction Speed High
Pros
  • Secure payment method
  • Very fast transactions
Cons
  • Not widely used
Best 3 Solana casinos

Latest News

Paula Winkler

Created by

After over 6 years in print journalism, I stumbled into the iGaming niche in 2017. One thing became evident to me quickly: Online Casino Reviews need more transparency! I joined the Kryptocasinos.com Team in 2023 and are the main expert for all topics related to „Player Security“.
In my private life, I am an active member of the volunteer fire department and enjoy the outdoors with my dog Ruby.
Reviewed by
Nerd of Numbers

Last update: 24. June 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.