The Question :

Solana experienced another outage on 6/1 where validators were forced to restart the network. The network experienced a similar problem back on 5/1. After the restart happens during these outages, how do users on the network generally respond?

Does the price of SOL drop because users lose confidence in the network? Is there more swapping behavior and more stablecoin activity? What protocols seem to have more activity after these types of events that on the average day in the Solana ecosystem? Is there more fear from defi Solana users than NFT enjoyers?

Approach :

• this dashboard includes :

• solana price over time

• solana price over time vs total number of daily transactions

• solana price over time vs total number of daily swaps

• top 20 tokens which user swapped sol for them on outage week

• amount and number of swaps from sol to stablecoins

• amount and number of swaps from all tokens to stablecoins

• total transactions break down by label

• total transactions break down by some protocols

solana price over time vs total number of daily transactions

solana price over time vs total number of daily swaps

top 20 tokens which user swapped sol for them on outage week

amount and number of swaps from SOL to stablecoins

Amount of swaps from all tokens to stablecoins

total transactions break down by label:

total transactions break down by some protocols

Findings :

• on first outage, the number of transactions raised from 10M on May 1st to 25M on May 4th , and on second outage, the number of transactions raised from 22M on June 1st to 30M on June 4th

• on first outage, the number of swaps raised from 314K on May 1st to 506K on May 6th , and on second outage, the number of swaps dropped from 389K on June 1st to 375K on June 6th

• usd coin, wrapped sol, gst, gmt and usdt are top 5 tokens which users swapped sol for them on second outage

• on both outages, the number and amount of swaps of sol for stablecoins raised dramatically, specially on outage one and the usdc was more on demand

• on outage one, the number and amount of swaps of all tokens for stablecoins raised dramatically, and the usdc was more on demand . but on outage 2, the number of this kind of swaps had no change , aven had a decrease

• on both outages, the number of interactions with chadmin,dex and nft raised dramatically, but in terms of defi, that was inverse!