UPDATE (9/14 3:15 p.m. EST): In a new statement, the Solana Foundation explained that "Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused the network to start forking."
"This forking led to excessive memory consumption, causing some nodes to go offline. Engineers across the ecosystem attempted to stabilize the network, but were unsuccessful," the group continued. "The validator community elected to coordinate a restart of the network – the community is preparing a new release, and instructions will be posted in Discord."
Transaction blocks appear to be not processing on the Solana blockchain, according to available data and complaints from the network's users.
Data published by block explorers SolScan and Solana Beach indicate that the last transaction block occurred roughly two hours ago.
“Solana mainnet-beta is experiencing intermittent instability,” a message from a Twitter account run by the Solana Foundation reads, posted at 8:38 a.m. ET. “This began approximately 45 minutes ago, and engineers are investigating the issue.”
Phantom, a wallet service built on Solana, said in a tweet at 9:57 a.m. ET that "[t]he Solana network seems to be experiencing intermittent instability right now. Phantom and other applications are having trouble connecting. We will keep you updated on the status of the situation."
At the same time, Solana Labs CEO Anatoly Yakovenko called for network validators to join the project's Discord. "its beta time," he wrote.
In a 10:26 a.m. ET tweet, the Solana Foundation said: "Resource exhaustion in the network is causing a denial of service, engineers are working towards a resolution. Validators are preparing for a potential restart if necessary." A patch has since been made public in an effort to address the issue.
This is a developing story and will be updated as more information becomes available.
Updated with new information regarding the network issue and efforts to rectify it. Clarifies that Anatoly Yakovenko is CEO of Solana Labs.
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