The Solana Network (SOL) experienced a 7-hour shutdown overnight between April 30 and May 1 due to a large number of transactions from the nonfungible token (NFT) minting bot.
Up to 4 million transactions or 100 gigabits of data per second. This congested the network and knocked the validators out of the consensus, causing Solana to shut down at around 8:00 p.m. UTC on April 30.
Until 7 hours later on May 1st, 3am UTC validators were able to successfully restart the main network.
Metaplex confirmed that traffic from bots in their app was responsible for the network crash.
Metaplex states that 0.01 SOL or $0.89 will be kept in the wallet that attempts invalid transactions.
The outage caused the price of SOL, the original blockchain coin, to drop nearly 7% to $84 before witnessing a $90 recovery.
The latest disruption marks the seventh time this year Solana has encountered a problem, with between January 6th and January 12th in 2022 the network experienced a partial outage lasting between 8 and 18 hours.
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