Solana (SOL) is increasingly worrying when faced with another network problem that invites panic among investors and consumers of decentralized finance (DeFi).
What happen?
Fixed on Friday, the Solana network faced problems for the second time and it lasted up to 48 hours.
It is understood that the issue was first identified on Friday, January 21 at 8 am Malaysian time and the investigation team took more than 24 hours to identify the issue.
Apparently the issue stems from a bot that produces a dumping of duplicate transactions.
However, the issue was resolved at around 1am on Sunday after the presence of the v1.8.14 update which was introduced to prevent a more severe impact.
Meanwhile, DeFi users are outraged by the effects caused by the massive thawing done when the Solana network is down.
When the market records a price correction, the average investor takes the opportunity to add more to his existing assets.
But it’s unfortunate for Solana users who make loans with collateral assets like SOL from the loan platform, Solend - they fail to recover their assets when the market collapses due to a troubled network.
As a result, Solend is trying to find ways to repair relationships with its users, including sympathizing with what has already happened.
At the time of writing, SOL is trading at $ 86.98, down more than 13% in 24 hours. The asset has fallen nearly 47% over the past week, from a high of $ 148.23 to a daily low of $ 86.54.
Hopefully there is hope for Solana to rise again.
