On Wednesday, February 2, one of the most popular crypto bridge networks connecting the Ethereum and the Solana blockchains has faced a massive hack of a staggering $320 million. Warmhole has appraised this event on its Twitter handle stating that the hackers managed to steal a staggering 120K wETH or wrapped Ether. The official announcement

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The Solana network was down again for 48 hours, but this time users who took loans were forced to pay the price as they faced heavy liquidations.

Once again, on Saturday, the Solana Status page confirmed rumors that there was a high number of transaction failures for the past 2 to 3 days after some of the network’s users voiced concerns. “Solana mainnet beta is experiencing high levels of network congestion…..The current issue experienced by validators is due to excessive duplicate transactions.’ […]

The crypto market cap is down by roughly $100 billion in a day as bitcoin and most altcoins went on another ride south.

Solana could take away some of Ethereum's market share and become "the Visa" of the crypto world, Shah said.

Solana’s congestion problem continues to devour the L1 network with the latest grumbles coming from Binance users, prompting the exchange to issue a notice on Tuesday. “The Solana (SOL) network is currently experiencing congestion due to an increase in high compute transactions, which is reducing its network capacity to several thousand of transactions per second […]