Solana Network Faces Congestion Challenges Amid Fluctuating Cryptocurrency Prices

In response to the failed initial attempt, the Solana team and its community collaboratively re-launched the upgrade on the test network. This move came amidst heightened scrutiny over how cryptocurrencies manage network loads. The redeployment was crucial as it sets the stage for further enhancements intended for the main network, where transaction volumes are substantially higher.

Impact on Solana’s Market Performance

Following the upgrade issues, Solana’s native token, SOL, experienced fluctuations in its market price. Specifically, the price of SOL saw a drop, registering at $142.61, marking a decrease of 1.88% over 24 hours. This volatility underscores the sensitivity of cryptocurrency prices to network performance and operational stability.