February 28, 2023, 10:52AM EST
• 5 min read

Layer by Layer: Solana's Struggles Continue as New Network Issues Surface

Quick Take

  • The Solana network faced another prolonged downtime incident in late February that resulted in user transactions being paused for over 13 hrs and ultimately required a network restart
  • Although the underlying issues in the latest debacle differ from previous cases, Solana’s network instability continues to be a major concern for an ecosystem that is still trying to recover from the fallout of the FTX/Alameda collapse in 2022
  • Meanwhile, the Solana DeFi ecosystem has seen some notable shifts, including the rising adoption of Uniswap V3-style concentrated liquidity and priority fees for transactions

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