Solana Trading Halted at 86%, with 28% of Stakes Remaining Inaccessible
On Wednesday, August 12, the Solana network came within 14% of a complete outage, narrowly avoiding a crash after 28.83% of staked $SOL fell out of consensus. The issue stemmed from a payment delay at hosting provider Teraswitch, which affected several data centers and caused nearly 90 validators to go offline. Had the unaccounted staked $SOL reached 33.34%, the network would have halted.
The incident, which lasted 33 minutes, was resolved after Teraswitch engineers identified and isolated a problematic router. During the outage, validators missed approximately 333 SOL in rewards, valued around $25,600, with losses absorbed by operators, not stakers. Major validators like Helius were affected, though services like laine and Cogent Crypto recovered smoothly.
This near-miss occurred just two days after Solana marked 30 months of uninterrupted uptime, a streak previously broken by a five-hour outage in February 2024. Network reliability improvements, including QUIC transport, priority fees, and the launch of the independent Firedancer client in late 2025, are designed to prevent single points of failure. Solana's status page continues to report 100% uptime for the past 90 days.
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