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2026-08-12 11:34:05 UTC

Blockchain Report on Nostr: Solana Network experienced near-critical downtime as a routing failure at Teraswitch ...

Solana Network experienced near-critical downtime as a routing failure at Teraswitch took ~28.83% of staked SOL offline. This brought the network close to a halt, with only 4.5% margin from the finality threshold (requiring >66.67% staked SOL online).

The outage impacted ~90 validators. Marinade's AS20326 network saw ~94% of its 119M staked SOL (27.34% total) go offline. An additional 14.1M SOL from other providers was also affected.

Network requires >66.67% staked SOL online for transaction finalization. ~28.83% offline meant it was close to the 33.34% offline threshold for halt.

Disruption lasted ~33 mins. Affected validators lost ~333 SOL in rewards.

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