Key Takeaways
How did Solana handle the AWS outage?
Solana stayed fully operational with zero throughput drop, thanks to its independent validator network and minimal reliance on centralized cloud services.
What could this resilience mean for Solana’s future?
Institutional confidence rose as Solana’s stablecoin market cap topped $15B, suggesting growing trust and potential price upside despite short-term chart resistance.
On the 20th of October, an hours-long outage at Amazon Web Services (AWS) sent shock waves across the digital economy. The outages also rippled through the crypto sector — a space that prides itself on decentralization.
According to past reports, the disruption hit major platforms hard. Even non-custodial wallets that give users full control of their funds were not spared.
Coinbase’s Base, MetaMask and Crypto.com all came to a near standstill.
But while the majority stumbled, SOL stood tall
However, Solana [SOL] recorded zero throughput drop during the AWS disruption. In fact, Solana was ranked the best-performing blockchain among Layer-1 tokens during the AWS Cloud outage.
Transactions per second (TPS) remained stable, and validator participation was unaffected.
This stability puts Solana ahead of its peers on other Ethereum [ETH] Layer-2 networks that struggled due to their reliance on AWS and Infura.
Source: X
Solana stayed almost unaffected
Solana owes its resilience to a diversified validator network and minimal reliance on centralized cloud infrastructure.
Most SOL validators run on independent setups or alternative providers, while only a small fraction operate on AWS.
The decentralization of the physical layer — not just the protocol — meant that Solana’s network integrity held firm even as half the internet flickered.
By design, Solana uses a Proof-of-History (PoH) consensus mechanism that prioritizes high throughput and global validator participation, reducing the risk of dependency on any single cloud service.
Could the resilience also reflect on SOL price action?
AMBCrypto’s close analysis of the Stablecoin Market Cap Circulating on the Solana network indicates a sharp rise after the recent risk assessments.
Most institutions are gaining more confidence in the network as a stop point to launch more tokens. The increased activity could be depicted on SOL’s prices in the near future.
For perspective, Stablecoin Market Cap on Solana network has now crossed the $15 billion mark again since the outage.
Source: DefiLlama
Despite the strong bullish on-chain sentiments, SOL’s structure on the daily chart tells a different story.
The altcoin price structure is on the verge of forming a head-and-shoulder pattern (a pattern associated with a potential bearish reversal).
At the same time, the altcoin prices have witnessed a sharp rejection at the $198 EMA resistance.
The short bias for SOL remains bearish, but with the positive on-chain metrics and key developments, the long-term bias remains bullish.
A break above the current exponential moving average resistance could see SOL prices back on its positive trajectory.
Source: TradingView
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