Companies & Deals
Share
The Solana network has encountered a disruption on February 6th at 10:22 UTC, prompting a collaborative effort among engineers from various corners of the ecosystem to address the issue on the mainnet beta.
Validators and developers swiftly acted in response to the outage, with Solana validators initiating preparations for a restart approximately one hour after the onset of the incident. They began generating snapshots for slot 246464040 and are set to reboot the Mainnet-Beta cluster using version 1.17.20, alongside the availability of the jito-solana release.
During the outage, block production on the Solana mainnet stopped, halting block progression. The Solana blockchain explorer indicated the severity of the situation by flashing a "major outage" warning for the mainnet.
Social media users were among the first to notice the prolonged absence of block production, which deviated significantly from the network's typical block production time of 400 milliseconds.
Solana validator Stakewiz confirmed that developers were actively working on a release containing a fix for the issue. In anticipation of the restart, validators initiated the generation of snapshots using their local ledger state. These snapshots serve as a point-in-time representation of the global Solana state at a specific slot, ensuring consistency across the network.
Disclaimer of Warranty
The information provided in this article is for general informational purposes only. We make no warranties about the completeness, reliability, and accuracy of this information. Read full disclaimer
Version v1.17.20 was released by Solana, accompanied by instructions for validators to upgrade and restart the network. However, the outage has already started to impact cryptocurrency exchanges, with Upbit announcing the suspension of deposits and withdrawals for Solana-based tokens.
Solana has had outages before, but it's been a while since the last one. In February 2023, the network experienced a similar disruption, lasting almost 20 hours. Efforts to find a long-term solution have been ongoing, with the introduction of the Firedancer client being a significant step forward.
In general, certain network outages on Solana have stemmed from problems with the software used by its validators. For this reason, the aim of developing Firedancer is to create an additional software backup, enhancing the network's resilience in case of issues with the primary software.
It is worth noting that the recent major outage on the Solana network has had a noticeable effect on the price of SOL, causing it to drop by more than 3%.
According to CoinGecko data, SOL's price fell to $93.36 before rebounding slightly to its current level of $93.70, representing a 4.1% decrease in a single day and over an 11% decline over the past week.
Despite these challenges, Solana has had many positive moments. In fact, last week, the network saw a surge in activity, with trading volume on Solana decentralized exchanges briefly surpassing that of Ethereum DEXs.
Editor's Picks

UAE Stablecoins: Why They Are Built to Travel, Not Stay Local
Walid Abou Zaki
Feb 28, 2026
8 min

The Central Bank of the UAE Clearing the Noise Around Article 62
Walid Abou Zaki
Feb 25, 2026
5 min

Europe’s Crypto Purge: Did Lithuania Just Kick Out Innovation — and is the UAE the Beneficiary?
Salma Naueihed
Feb 18, 2026
7 min
Read More Articles
In the Same Space

Apex Group targets $100B in tokenized assets with T-REX Ledger
News Desk
Mar 19, 2026
5 min

Flow Traders launches 24/7 OTC liquidity for tokenized assets
News Desk
Mar 19, 2026
3 min

South Korea to test digital won deposit tokens for government subsidies
News Desk
Mar 19, 2026
6 min

SEC approves Nasdaq rule change for tokenized stock settlement
News Desk
Mar 19, 2026
5 min