The digital currency Solana (SOL) began to fall in price after another network outage. It lasted four hours and had a negative impact on the investment attractiveness of the underlying asset.
SOL lost about 13% in value over the past day. The coin fell to $38.6 on Thursday morning and only bounced back to $40.4 in the afternoon. The Solana blockchain suffered its second failure in a month.
As a result, network users were unable to perform transactions, and all applications were forcibly closed.
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The validators restarted the blockchain, after which they managed to resume its work. Services recovered within a few hours, Solana developers said in a statement.
One of the team leaders Anatoly Yalovenko announced on Twitter that the failure was due to a software error. He also promised to promptly restore full service to users.
This is not the first Solana network outage. In January, the blockchain suspended user services due to its overload caused by a surge in transactional activity of bots.