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Discussion on the recent Solana network outage, lifting of token caps in Eigenlayer, sponsorship message from DYDX, Bitcoin and Ethereum price action, total crypto market cap, layer two solutions, value locked in Layer 2, Solana outage cause and market reaction, Dencun test net update, fight for Ethereum's role, progress of Dankoon mainnet, upcoming mainnet date for Blobsbase, and collecting Ethereum hard fork artifacts.
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- Sudden Solana network outage resulted from a bug during an upgrade, causing a complete halt in transactions.
- Synthetics introducing its own chain, Snax channel, to consolidate liquidity and enhance trading experience.
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Solana experiences 5-hour network outage
Solana experienced a significant network outage that lasted for five hours, marking the first time it has been down in almost a year. The outage was caused by a bug in the BPF loader, which handles the deployment and execution of programs on the Solana network. The bug was introduced during a recent upgrade and resulted in a complete halt of transaction activity on the network. Once restarted, there was a surge in DeFi arbitrage activity as traders took advantage of stale prices that had built up during the downtime.
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