Solana (SOL), the relatively new blockchain network which grew enormously this year, was yesterday again the target of a so-called distributed denial-of-service attack, or a DDoS attack.
The incident was initially reported by Blockasset, a new non-fungible token (NFT) on Solana. It is remarkable that Blockasset deleted the message of the incident from Twitter. Despite this, Solana developer ‘GenesysGo’ has confirmed the attack on Twitter:
The #Solana validator network is experiencing issues this morning. TPS issues as the network works to process txn requests.
Remember, this is blockchain ???? If your txn ID went through then it’s not lost, just pending. Growing pains is all! pic.twitter.com/2Zfagq092M— GenesysGo.sol – Shadowy Super Coder DAO (@GenesysGo) December 9, 2021
In a DDoS attack, an enormous amount of traffic is sent to a server. Then the server can no longer handle the traffic and the network crashes. In a distributed attack, the flood of traffic comes in from different sources. This is often done on the basis of a bot network.
By mid-September, Solana was already the target of such an attack. Then the network was overloaded by bots during a initial DEX offering (IDO) on Raydium. This resulted in the Solana network being down for no less than 16 hours. For a large blockchain network like Solana, that was a major blow to reputation.
This time Solana stays upright
Rumors circulated that Solana was out again. According to GenesysGo, this is not true, he reports that the network demonstrably remained intact. He does admit that several transactions on the network experienced delays.
However, it is not known exactly what happened or who was behind the attack. The Solana Foundation itself does not report anything about the incident. Perhaps more news will come out later.
The SOL price made a small correction in September, around the time of that attack, and after the price rose sharply in August. After that correction, SOL resumed its rally in October, establishing its all-time high around USD 259 a month ago. However, since then SOL has corrected down 30%. The expectation was that the price might find support around $200, but because the entire market is turning red, SOL recently fell through this.
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