Solana Nears Halt as 28.83% of Staked SOL Goes Offline, Marinade Highlights

Solana Nears Halt as 28.83% of Staked SOL Goes Offline, Marinade Highlights

N
News Editor
2026-08-12 11:12:54
Marinade Finance reported early today that Solana nearly stalled after a routing failure at infrastructure provider Teraswitch knocked 28.83% of staked SOL offline. The number sat just below the 33.34% threshold that could trigger a chain-wide standstill. The incident affected 90 validators and cost roughly 333 SOL in rewards. A faulty route from a Miami node spread to Europe and Asia-Pacific, leaving 12 nodes (LON1, AMS1-3, DUB1-2, FRA2, SGP1-2, TYO1-3) without valid routes. North America was unaffected and the problem was fixed within 10 minutes. Marinade also flagged concentration risk around AS20326, an ASN that hosts more than a quarter of all staked SOL. During the failure, 94% of its stake went offline at once, equal to 27.34% of total staked SOL and above SFDP's 25% cap. The second-largest validator, Helius, stayed offline for 33 minutes, with only a few nodes achieving clean failover. Marinade said it will review its staking concentration ceiling and push validators to publicly disclose failover capabilities.

Solana came close to a full network halt this morning after a routing failure at infrastructure provider Teraswitch knocked 28.83% of staked SOL offline. The percentage was just shy of the 33.34% threshold that could trigger a chain-wide standstill.

The incident hit 90 validators and cost the network roughly 333 SOL in lost rewards. Marinade Finance, which disclosed the details on X, said the trouble began when a faulty route from a Miami node was broadcast to Europe and the Asia-Pacific region. Twelve nodes — LON1, AMS1-3, DUB1-2, FRA2, SGP1-2, TYO1-3 — lost valid routes. North America was not affected. The fault was cleared within 10 minutes.

Marinade also highlighted a concentration risk tied to AS20326. That ASN controls more than a quarter of the entire network's staked SOL. During the outage, 94% of its stake went offline at once, equal to 27.34% of all staked SOL network-wide. That reading breached the 25% cap set by SFDP.

The second-largest validator node on the network, Helius, remained offline for 33 minutes. Only a few nodes managed a clean failover. Marinade said it will review its staking concentration ceiling and push validators to publicly disclose failover capabilities.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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