Network Disruptions Hit Solana Again, Sinking This Top Crypto 9% Today
Today, top 5 cryptocurrency Solana (CRYPTO: SOL) has been crushed by the weight of the market. As of 11 a.m. ET, it saw declines of 9.4%, losing approximately $4.5 billion in market capitalization today alone.
This move came a day after Solana reported "degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second" and that led to some failed transactions.
The fourth such incident in the span of a few months, this is the second in the past week. Some investors appear to be growing concerned about the integrity and longer-term network performance of Solana, given these hiccups.
Source Fool.com
