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