The Solana (SOL) blockchain suffered its 5th outage of 2022 on Wednesday after the production of new blocks on the network ceased due to a consensus failure.
The blockchain went offline at 16:55 UTC and resumed block production at 21:06 UTC, after more than four hours, according to the official incident report.
Solana’s native token SOL plunged during the outage, diving by as much as 14% at one point. At 7:31 UTC, the 9th coin by market capitalization is trading at USD 39.84, down by more than 11% over the past 24 hours and nearly 17% in a week. Notably, the coin is down by 85% compared to its all-time high of USD 259 recorded in November 2021, according to CoinGecko.
Meanwhile, a bug that led to consensus failure was the culprit, according to Solana Status.
“Earlier today a bug in the durable nonce transactions feature led to nondeterminism when nodes generated different results for the same block, which prevented the network from advancing,” Solana Status said.