There was a blockage in the Solana (SOL) network, one of the largest projects in the cryptocurrency market.
According to blockchain data, there was a transaction blockage on Solana’s mainnet. As of writing, no transactions have been made on the blockchain for an hour.
Developers of the Solana ecosystem are trying to determine what is causing the problem. It is not yet known whether this is an attack attempt or not.
SOL, which spent most of the last year losing value, started to gain value towards the end of the year. According to TradingView data, SOL collapsed after it was learned that the network had collapsed. SOL is trading at $94.61 at the time of writing.
The Solana team stated that a statement would be made as more information is learned about the issue.
