Solana Routed: Network Avoids Disaster as 28.83% of Stake Goes Dark

Solana's network came perilously close to halting finality due to a routing failure, which left approximately 28.83% of staked SOL offline.

This incident exposed a scenario where the chain could remain technically 'up' while losing its ability to confirm that transactions are permanent.

Solana's uptime streak had been impressive, with no full network halts since February 2024 and all systems operational for over 30 months straight.

The lack of slashing penalties on Solana has drawn renewed debate among proponents and critics, with some arguing it keeps the validator set accessible while others counter that it lacks meaningful financial consequences for downtime.