Solana Came 20M SOL From Full Network Freeze
A Teraswitch routing failure knocked nearly 29% of staked SOL offline and exposed how much of the network's stake was concentrated behind a single connectivity provider.
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A Teraswitch routing failure knocked nearly 29% of staked SOL offline and exposed how much of the network's stake was concentrated behind a single connectivity provider.
It's the second major outage for the Coinbase-backed Ethereum layer-2 in under a year, and the root cause still hasn't been named, putting the network's reliability thesis back under the microscope.
Base is a Coinbase-incubated layer-2 with billions in TVL; sustained downtime on a venue that size tests the assumption that rollups inherit Ethereum's uptime guarantees.
The Coinbase-incubated layer-2 hit its second notable outage this year, freezing deposits and withdrawals and exposing the operational risk of a low-redundancy sequencer setup.