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Solana Founder's ‘Lol' Amid Outages Irks Users of Crypto's Next Big Thing

  • Solana’s SOL loses 50% of its value in the last 30 days
  • ‘Ethereum Killer’ has suffered six serious outages this month
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Once billed as one of the hottest rising stars in crypto, Solana’s repeated run-ins with bots, outages and frustrated traders during the recent market crash might be about to knock the blockchain network off its pedestal.

The protocol suffered its sixth serious outage of more than eight hours this month over the weekend, which a notice on its website attributed to excessive duplicate transactions causing a high level of network congestion. Solana Labs co-founder Anatoly Yakovenko also pointed to an explanation on Twitter which cited market volatility as causing downtime, as bots rushed to earn bounties on leveraged positions eligible for liquidation.