Solana Network Nearly Halts, Losing Approximately 333 SOL Staking Rewards

Marinade Finance, a Solana staking platform, reported that the Solana network came close to a halt this morning, with 28.83% of staked SOL going offline, nearing the 33.34% threshold that would trigger a halt. This affected 90 validator nodes, resulting in a loss of approximately 333 SOL in rewards. The issue stemmed from a routing error by service provider Teraswitch, where a Miami node's incorrect routing was broadcast to Europe and the Asia-Pacific region, causing 12 nodes to lose effective routing. North America was unaffected, and the issue was resolved within 10 minutes. Marinade pointed out that ASN AS20326 hosts over a quarter of the total staking volume on the network, and during the outage, 94% of its nodes were offline simultaneously, with the actual percentage reaching 27.34%, surpassing the SFDP's stipulated 25% limit. The second-largest node on the network, Helius, was offline for 33 minutes, with only a few nodes managing a smooth failover. Marinade stated that it will review the staking concentration limits and promote the disclosure of failover capabilities by validator nodes.

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