Solana came 86% of the way to a halt as 28% of stake went dark

Solana’s network came within 14% of crashing to a halt early on Wednesday, August 12, after 28.83% of the network’s staked SOL fell out of consensus. 

The delinquency that occurred on Teraswitch, and reported by the Marinade Finance staking protocol, would have ended Solana’s 30-month uptime streak. However, the network only got 86% of the way. 

If the amount of unaccounted staked SOL on the network reached the 33.34% mark, Solana would have blown a fuse, and the network would have gone offline. 

Why does the Solana network crash? 

Solana stops finalizing blocks when more than one-third (33.34%) of all SOL tokens staked on the network go delinquent. Delinquency occurs when a network validator suddenly drops out of the consensus lineup. 

The network came very close to the 33.34% trip line, reaching 28.83% before things started to level out.

According to Marinade, the delinquency affected 90 validators, who lost 333 SOL in rewards while they were offline. Ironically, at SOL’s trading price of $76.9 as of this Cryptopolitan report, the entire Solana network could have been temporarily halted because of a $25,600 anomaly.

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