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29.12 - 09:03
Solana Falls After Slowdown in Transaction Speeds, Attack Accusations
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The Solana network’s native token SOL fell in the crypto market today after concerns had been expressed related to an unexplained slowdown in transaction processing speeds on the network, and suggestions by some that it could be related to an attack on the network.
At 11:13 UTC, SOL traded at USD 178, down 5.5% for the past 24 hours and 23% for the past week.
However, the drop in price today was not very significant relative to other coins, with for instance bitcoin (BTC) trading down by 2% and ethereum (ETH) trading down by 5% over the same time period.
The falling price of SOL today followed concerns related to a slowdown in the transaction processing capacity of the network, which according to users had dropped well below its normal
Read more on cryptonews.comAbout this in other media
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Solana on-chain development increases after a recent DDoS attack cointelegraph.com /2 years ago
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