Solana's mainnet-beta network has suffered "intermittent instability" over resource exhaustion which is causing a denial of service, Solana Status, a Twitter page run by the Solana Foundation tweeted Tuesday. As of press time, the latest block on the network was processed approximately four hours ago, according to data from SolScan.
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While it remains unclear who or what exactly caused the service denial, Anatoly Yakovenko, CEO of Solana Labs, said the fixes have already been tagged in 1.6.23 release. However, it would take "a few days" before the release, he added. Solana's native token (SOl) amid the news fell by over 7% down to $160. The token's market capitalization stands at $47.5 billion.
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