And Solana is down again! People are unable to transact and even the Oracles are broken.

January 22, 2022 1 min read

As liquidations cascaded, Solana went down again.

Coinbase says network wide degraded performance

One of the main oracles of Solana, Pyth Network is broken and is not able to tell the prices of assets across the network.

As a result, many services running on Solana are either broken or are going to liquidate users with the wrong price feed.

As of this moment, there is no update on the solana status twitter page on the state of the network. The main status page shows “network instability”