Solana

[This is Solana's second complete outage in under nine months](https://email.mg1.substack.com/c/eJwlkN2KxCAMhZ-mXhartl0vvFhY5jUkrWlHxmrRyNC3XzsDIYH8nHC-FQj3lC9zpkLsTpauE03EdwlIhJnVgtl6Z_TI9c8wMWf4LNZ5Yb7YLSMe4INhZ12CX4F8ivfyMPFhZE-zDE5zIXGeN61GrlBLFFzPE4oFlBLfl1Cdx7iiSTFc9gTvWDBPorN08rcTjxaFgGrpSwoQoV_T0Xr1JH9gJx8n7K38CeaN4ELwsSXBJee97Pnk1Da5bQWl-aRdp_ixD32pS5NcX7cUy-adssPYR6AnxLay364-s2bMtnrU6OmyGGEJ6Azlioy-1D4E7I4Rc6PpLFCzPw6j0LxB0OrrsUEZpVDDJCRrz11qV9EsEF8BS_kHsimC2Q), as the blockchain experienced 17 hours of downtime following a similar incident in September 2021.

The network saw an additional nine days of partial outages in January 2022.
These incidents are a stark reminder of the importance of transaction fee markets for blockchains. While it can increase the cost of transacting (_as we’ll see later_), fee markets are a disciplinary mechanism that deter blockchains from being swarmed by spam attacks and transaction overload.

It brings me no pleasure to report this, as the majority of my crypto portfolio is in Solana. Still, it's important to constantly evaluate the strengths and weaknesses of your investments.

It remains to be seen whether or not Solana’s persistent performance issues deal long-term damage to its promising DeFi and NFT ecosystems, but are the latest demonstration of the design flaws present in [monolithic blockchains.](https://email.mg1.substack.com/c/eJwlkMtugzAQRb8GL5Ex2MQLLyq1WXXfpeXHQJyATf0o4e9rEmk0I83r6h6jMswhHmILKaMzyXxsIDzsaYGcIaKSIEpnBaeYXzqGrMAjMaNGLskpAqzKLQJtRS_OqOyCP5c7hjuKbgIIw3wkE8V6uqiRctVZYFbbgWnWU_KWVMU68AZE8MshN-UsWsQt5y01_UdDrjX2fW-PUHLR0Jqwnh2Vza3pr39N__m8P4_7_ON-v7-QEwQTgmlNBPcYt32LmR0mZiejBo4Zt82A17lrU9EpK_M4H6Io9hAt-NarfFO-rsyns9esmpO1rsW7fEjwSi9gRY4FUH6Te1GQM3iIlaiVKlcEtKOE4wqCD2-fFQztydAx0qMqbkO98kIr_1ggpX_Gk4VK)

Source: [Bankless](https://newsletter.banklesshq.com/p/crypto-broke?token=eyJ1c2VyX2lkIjo5NTA5ODE2LCJwb3N0X2lkIjo1MzI0MTYyMywiXyI6IkdiOHJvIiwiaWF0IjoxNjUxNTMwMTE4LCJleHAiOjE2NTE1MzM3MTgsImlzcyI6InB1Yi0xNjAxNSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.C2Vy53ZN0638kMWawNjJPnJLwvuTyxtm8hNrbXMAXa4&s=r)

![](https://cdn.commonstock.com/a7bc4928222efe1425a95eab0b4ddda0020229daf56c895953936bff7024e6a7-1204x592.png)

At the end of the day, $SOL.X is already outcompeting $ETH.X on many fronts. NFT developers are moving to Solana because the system is faster and cheaper to use. But the security aspect is why institutions continue to go for the Ethereum network over the Solana network.

Dissecting the Markets

In a special State of the Nation episode, David and Ryan unpack the concept of 'modular blockchains'. Are modular blockchains the path to ultra blockchain sc...

https://email.mg1.substack.com/c/eJwlkMtugzAQRb8GL5Ex2MQLLyq1WXXfpeXHQJyATf0o4e9rEmk0I83r6h6jMswhHmILKaMzyXxsIDzsaYGcIaKSIEpnBaeYXzqGrMAjMaNGLskpAqzKLQJtRS_OqOyCP5c7hjuKbgIIw3wkE8V6uqiRctVZYFbbgWnWU_KWVMU68AZE8MshN-UsWsQt5y01_UdDrjX2fW-PUHLR0Jqwnh2Vza3pr39N__m8P4_7_ON-v7-QEwQTgmlNBPcYt32LmR0mZiejBo4Zt82A17lrU9EpK_M4H6Io9hAt-NarfFO-rsyns9esmpO1rsW7fEjwSi9gRY4FUH6Te1GQM3iIlaiVKlcEtKOE4wqCD2-fFQztydAx0qMqbkO98kIr_1ggpX_Gk4VK

Ultra Scalable Ethereum - Modular vs Monolithic Blockchains

https://email.mg1.substack.com/c/eJwlkN2KxCAMhZ-mXhartl0vvFhY5jUkrWlHxmrRyNC3XzsDIYH8nHC-FQj3lC9zpkLsTpauE03EdwlIhJnVgtl6Z_TI9c8wMWf4LNZ5Yb7YLSMe4INhZ12CX4F8ivfyMPFhZE-zDE5zIXGeN61GrlBLFFzPE4oFlBLfl1Cdx7iiSTFc9gTvWDBPorN08rcTjxaFgGrpSwoQoV_T0Xr1JH9gJx8n7K38CeaN4ELwsSXBJee97Pnk1Da5bQWl-aRdp_ixD32pS5NcX7cUy-adssPYR6AnxLay364-s2bMtnrU6OmyGGEJ6Azlioy-1D4E7I4Rc6PpLFCzPw6j0LxB0OrrsUEZpVDDJCRrz11qV9EsEF8BS_kHsimC2Q

Solana Status - Uptime History

Solana goes down, Fantom in Crisis, and Apes Waste $100m in Gas...is crypto broken?

https://newsletter.banklesshq.com/p/crypto-broke?token=eyJ1c2VyX2lkIjo5NTA5ODE2LCJwb3N0X2lkIjo1MzI0MTYyMywiXyI6IkdiOHJvIiwiaWF0IjoxNjUxNTMwMTE4LCJleHAiOjE2NTE1MzM3MTgsImlzcyI6InB1Yi0xNjAxNSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.C2Vy53ZN0638kMWawNjJPnJLwvuTyxtm8hNrbXMAXa4&s=r

Crypto Broke on Bankless

Solana was down for 7 hours on Saturday

New position in SOL

This member connected a brokerage account and is sharing trades and portfolio performance with the community. 