On Tuesday, the Solana mainnet encountered an issue that induced the community to be offline for 5 hours, in accordance with Solana Standing, a SOL tracker and explorer.
This problem has since been resolved.
The downtime induced SOL’s value to drop, dipping to a seven-day low of $93.10 earlier than making a restoration. SOL is buying and selling for $103.03 at time of writing, up by 1.95% over the previous 24 hours.
“Solana is likely one of the few altcoins outperforming Bitcoin this week, surging again above $102. Previously 36 hours, SOL/BTC is +4.5%.”
Santiment says that Solana’s growth exercise – a metric used to point if builders suppose a crypto undertaking might be profitable or certain to roll out new options – dropped amid the outage.
Nonetheless, the analytics platform says that the concern, uncertainty and doubt (FUD) surrounding Solana as a consequence of its troubles turned out to be a boon for the good contract platform.
“The outage that involved merchants Monday ended up being a neighborhood backside, with the FUD fueling this value rebound.”
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