As network traffic drops, Solana developers have addressed the “durable nonce transaction” flaw that sent the network offline for the seventh time this year earlier this month.
“The durable nonce transaction feature was disabled in releases v1.9.28/v1.10.23 to prevent the network from halting if the same situation were to arise again.”
“Durable nonce transactions will not be processed until the mitigation is performed and the functionality is re-enabled in a future version,” they said.
The phrase durable nonce transactions refer to a form of Solana transaction that is not intended to expire, as opposed to a conventional network transaction, which typically has a brief lifetime of roughly 2 minutes until a block hash becomes too old to be confirmed.
According to Solana Documentation, it is often used to support transactions connected to routes such as custodial services that take longer time than normal “to create a signature for the transaction.”
According to Solana Labs, durable nonce transactions require a separate “mechanism to prevent double processing and are processed serially,” but a runtime bug appeared after a durable nonce transaction was processed as a regular transaction and failed, but was then re-submitted, resulting in the network grinding to a halt.
“The user resubmitted the identical transaction for processing after the unsuccessful transaction was processed but before the nonce was used again.” “This resubmission activated the problem in the runtime,” according to the p report.
Since the mainnet failure on June 1, the price of Solana’s native asset SOL has plummeted around 13.9 percent to $39.08 at the time of writing. Investor interest in the asset has only grown, with 24-hour trading volume growing by 61 percent to $2.141 billion within the same time period, according to CoinGecko statistics.
Data from the Solana-focused analytics platform Hello Moon demonstrate that the overall value transferred on-chain (successfully) in terms of a seven-day rolling average has dramatically decreased since late March.
After reaching an all-time high of about $3.18 trillion on March 24, the value has since dropped to roughly $159.71 billion as of June 4.