Solana suffers DDoS attack, SOL price drops by more than 6%

Solana’s blockchain performance is said to have been affected by a distributed denial-of-service (DDoS) attack in the past 24 hours. However, the network appears to be up and running.

A DDoS attack usually refers to a large number of coordinated devices or a botnet (network of robots) that floods a network with spoofed traffic in order to bring it down.

This isn’t the first time Solana has encountered this problem as Bitcoin Magazine reported in September that the network was disrupted for 17 hours by bots of mass activity due to IDO on the Solana-based DEX platform Raydium.

The latest DDoS attack was discovered on December 9th (Synthetic Team time) around 8 p.m. by Blockasset, a Solana-based NFT platform.

“It will take a long time to distribute the tokens. The Solana chain is overloaded with DDoS attacks that have clogged the network and are causing delays. “

The SOL-focused infrastructure company GenesysGo also has report causes the validator network to have problems processing transaction requests, but calls for silence:

“The SOL validation network is having problems this morning. TPS is having trouble starting the network to process txn requests. Remember, this is blockchain. If your Txn-ID is used, it will not be lost, it is just pending. “

At this point in time, the nature of the problem remains unclear as the SOL Foundation has not yet publicly confirmed any attacks, while Status.Solana shows that the network was uninterrupted and functioning normally at the time.

However, multiple Twitter accounts claim that Solana has been shut down worldwide, with Verbit CEO Roy Murphy (BSV proponent) to say “Solana crashed again and is now offline. Engineers are considering a “system restart”. Seriously, you can’t do that! ”.

This morning, members of subreddit r / Solana suppose i think The network was overloaded due to another IDO start on Raydium, whereby the user “u / Psilodelic” wrote an article entitled “Why does Raydium IDO clog the SOL network and how is it done?”.

“My biggest concern with Solana right now is the performance impact during the high volume operations and launches associated with Raydium IDO. Literally every performance issue in the past 6 months, including the 17 hour outage, was due to launching on Raydium, ”wrote Psilodelic.

In response, one of the moderators from the “Laine_sa” group did not specifically confirm that the SOL network issues were related to Raydium, but there have been coordinated “loopholes” to keep SOL online since the DDoS attack in September:

Solana (SOL) price is down 6.4% in the past 24 hours, and is at $ 179 as of press time. Amid the retracement of most of the top crypto assets, SOL is down 26.1% in the past 30 days.

SOL. Price table | Source: Tradingview

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