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Solana - but no DDoS attack, NFT game SolChicks paralyzes the network



the Solana network recently went down. Co-founder Raj Gokal has now commented on the incident - the failure was due to network congestion and not, as initially assumed, a DDoS attack.


Co-founder Raj Gokal made it clear that the network did not collapse and that there was no DDoS attack earlier this month.


“Two people who wanted their 15 minutes of fame yesterday, neither of whom had ever used the web, decided that 'slowing down a little bit' means 'crashed and critically flawed'. They tweeted that and a lot of people spread this misinformation. "


For Raj Gokal, the reason for the network congestion is to be found in the NFT game SolChicks.


From the picture from SolanaBeach we can see that there were actually some aborted transactions in the network. The temporary drop in performance on the network is believed to be due to tens of thousands of people trying to secure NFTs called CHICKS. As a result, the network of the Raydium DEX from Solana was overloaded. Thus, during the IDO of SolChicks, the average transaction volume fell to 1,000 per second - normally around 50,000 TPS (transactions per second) run over the SOL network.


Solana price continues in the downtrend


The Solana price has been in a clear downward trend since the beginning of December. It is questionable whether the news about a possible DDoS attack and the current information about the network failure contributed to a price drop.


The SOL price is currently at 160 US dollars, so it is still a long way from the last all-time high on November 6, 2021 at 259 US dollars. BeInCrypto recently stated that the SOL price is facing strong resistance at $ 170. The Solana course has now broken through this. Now the Solana price support awaits at $ 140 and $ 110.


Is Solana decentralized enough?

The Solana network was struggling with network problems before the most recent incident. Accordingly, the question arises again and again whether the Solana network is designed to be decentralized enough. On the network outage in September, Bloomberg quotes Teddy Fusaro, President of Bitwise Asset Management:


“This is something that we have seen over and over in the cryptocurrency markets since they became a phenomenon. And it reflects how new the industry is, that the industry has to scale. "



And this is how the token distribution at Solana looks in comparison:


It is clear that a large part of the tokens are held by "insiders". In addition, over 70 percent of all SOL tokens are stroked to support the network. However, Solana is still at a very early stage of development, so the “decentralization” factor could change significantly in the next few years.


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