Last night, Solana's network verification nodes experienced a serious malfunction -28.83% of the pledged SOL collective lost contact, almost causing the world's second largest PoS public chain to permanently shut down.
During the malfunction, 333 SOL rewards were permanently lost, at a current price of approximately $25000- but what was truly terrifying was not the money, but the fact that the network almost crossed the death spiral.
More than a quarter of Solana's total staking amount is collectively disconnected within the fault window, and if it drops another 5%, the network will trigger a shutdown condition.
ETH has over 4000 highly dispersed nodes worldwide, and Solana's node concentration problem is directly exposed to the sunlight.
After the incident, SOL plummeted 2.6% overnight, from $77.33 to $75.62, putting all Solana DeFi protocols, meme coin ecosystems, and Jupiter trading at risk of shutdown.
BTC synchronously fell below 64000, hitting a low of 63310;
ETH fell to 1900.
The Solana risk shutdown has become the biggest bearish factor in today's cryptocurrency market - when even PoS leaders can almost shut down, the trust foundation of the entire alt ecosystem is shaking.
There are only a few events left until the SEC Regulation Crypto vote (8.14), and the Solana event may become a catalyst for the SEC to accelerate the launch of the "PoS Chain Pledge Compliance Framework" - regulatory requirements for node decentralization and failover mechanisms will be significantly tightened.
Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.
