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Solana records 1 outage in H1 2023, 100% uptime in Q2

Published on

July 21, 2023
Read Time:2 Minute, 26 Second

Based on a report by the Solana Basis, the Solana layer-1 blockchain community has proven enchancment in reliability and uptime thus far this yr and has seen only one outage in 2023.

On July twentieth, the Solana Basis launched their newest efficiency report It stated it had improved the community by means of the primary half of 2023, measured by uptime and the ratio of non-voting to voting transactions.

Lately, Solana has struggled with reliability and uptime points that its co-founder Anatoly Yakovenko beforehand referred to as a "bane," however stated the community's low-cost transactions had been on the root of the outages.

The latest report states that Solana has had 100% uptime since February 25, which means a full quarter with out an outage. A single outage in February noticed the community offline for nearly 19 hours.

Solana achieved 100% uptime within the second quarter of 2023. Supply: Solana

The report added that the ratio of voting to non-voting transactions has improved. Voting transactions happen when a validator votes to validate a number of proposed blocks of knowledge, and non-voting transactions are triggered by consumer habits on the blockchain.

"Over time, we anticipate the ratio of voting to non-voting transactions to lower as the general proportion of voting transactions ought to lower because the community turns into extra environment friendly."

Apart from the spike throughout the outage, block occasions, which measure how rapidly new blocks are added to the chain, have additionally develop into extra constant.

1/ The Solana Basis has launched the newest model @Solana Community Efficiency Report.

Solana community efficiency has improved within the first half of 2023, as measured by uptime, the ratio of non-voting to voting transactions, and extra.

Learn the complete report: https://t.co/naOftyknLA pic.twitter.com/yI9Q8swWdT

— Solana Basis (@SolanaFndn) July 20, 2023

Transactions per second (TPS) can be used to measure community efficiency and throughput. Solana's most day by day TPS has elevated since January, with important will increase correlating with new community upgrades, it stated. Dune Analytics reports The present quantity on the community is 3,777 transactions per second.

Associated: Solana value hits 2023 excessive, however are robust fundamentals supporting the SOL rally?

The Artemis dashboard experiences a day by day transaction depend of 19.2 million for Solana, which was the chief on this metric till it was just lately hijacked by the Sui Community because of the reputation of a Web3 recreation.

The worth of the blockchain’s native token, Solana (SOL), is down 4.5% on the day — round $25.50 on the time of writing, in line with Cointelegraph information.

The token has carried out nicely over the previous month, up 50% however nonetheless down 90% from its all-time excessive of $260 set in November 2021.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : July 21, 2023
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