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It appears the new flying superstars of the cryptospace has landed on the ground with a few wounds and scratches hehehe. This might not greatly affect the Solana ecosystem market, however, this is a red mark on their report card. According to Solana Status, the network is being manually restarted and presently has 42% of the validators online. Solana blockchain requires 80%.

https://i.ibb.co/hZLpsjy/27-BFE87-E-4722-424-D-B0-AF-0567-E8-B0-E149.jpg

The network underpinning one of this year’s fastest-rising cryptocurrencies is having problems validating transactions, according to a Twitter account run by the Solana project.

The issue stemmed from “resource exhaustion” in the network that caused denial of service, one tweet from the Solana Status account said over eight hours ago. Third parties that validate transactions on the blockchain elected to coordinate a restart of the network and are preparing a new release, the developer team said later in a statement.  

“It has some interesting technical features, but realistically Solana hasn’t yet been fully tested in a live setting,” said Strah Savic, head of data and analytics at FRNT Financial. “What we are likely seeing is the experimental nature of blockchain tech playing out.”

Read in full https://www.bloomberg.com/news/articles/2021-09-14/blockchain-underlying-red-hot-crypto-solana-hits-processing-snag

update

Solana network was down again for 5 hours.

https://bitcointalk.org/index.php?topic=5360030.msg58894790#msg58894790

Why are you people worry about the price of Solana? Did you recently bought it? Bitcoin might have another upcoming crash so expect the unexpected. It might have another correction sooner. Thus it might affect the price of Solana. Condition your self that price might crash again. So better close the exchange site and simply HODL.

If you read his post, he define it as "flying superstar of crypto space", and obviously the price is soaring. So if you are a bagholder you will definitely be alarm as to what happen to the network itself.

And even if you are not a bagholder, it will caught your attention, as everyone here is somewhat connected. Unless you are a bitcoin or ethereum maximalist, then you don't care about what's going on the crypto space.

I dont see anywhere on OP's post any sign of complain and worry as I reaf it. He just simply state the current status of solana due to its break down yesterday.

Its not normal to have this kind of incident and kinda worry, but this rising star will definitely fixed this and Im sure they wont waste their current status due to this.

Welp, probably a similar case where the infrastructure wasn't built properly but it had to be launched/deployed because they want to meet target date and customer demands. Luckily for Solana, they had an excellent marketing team but the devs should be able to keep up. The stakes are too high for them.

this is normal for a new network. the lack of validators puts the network in trouble for a while, but not forever. and this is not a red report card for me, this is a common problem, and often happens for a new network. and their team is working on solving the problem. they are working on restarting the network and trying their best to solve this problem.

How long do you think this crash will last? I'm curious but many say until the middle or end of this month. and i'm holding a few coins from the solana network so it's currently going through a pretty deep drop.

Solana should be valued similar to its competitor NEAR protocol, 5-10 USD. I will buy in when it gets back to that point. Until then I will farm on Ref Finance and collect my rewards. No outages on NEAR protocol, it scales infinitely with horizontal sharding.

I don't think anyone will be able to predict how long this decline will take, but because the reason for price drop is the issues in the Solana network it will really depend on the Solana dev team how to quickly solve it, you have to be prepared to see a drop in coins you hold because it will be very depending on the performance of core coin.
Keep up with the progress and if you feel you have to cut loss then don't hesitate to do it, unless you target is a long term.

Incredible how SOL can still have a high price when the network can down like this. So basically they were trolled with DOS attack ;D
I think this event serves as a wake up call, just like EOS in the past, to prove that SOL network isn't robust and valuable. I'm pretty surprised with the rebound shortly after the dip, is the market so irrational? Or is this just a dead cat bounce? Do SOL bag holders here are still optimistic?

They can make a solution for that and will fly again for sure because i believe solana is one of the most promising tokens nowadays in the market and indeed solana had a great team behind as well so it just s normal situation and they can fix it as soon as possible..by the way yesterday there's a great progress of sola but unfortunately it fluctuate back to the support, probably they still working in it.. So lets wait instead..

Solana is an interesting protocol and is backed by institutional investors. Many people see it as a credible threat to ethereum. People who invest in these hyped altcoins are willing to overlook certain flaws if they believe this coin will make them rich. We can see this situation and point to Ethereum and their unplanned network forks. Ethereum has come out fine after these issues and that gives Solana investors confidence in their protocol.

I dont see anywhere on OP's post any sign of complain and worry as I reaf it. He just simply state the current status of solana due to its break down yesterday.
Its not normal to have this kind of incident and kinda worry, but this rising star will definitely fixed this and Im sure they wont waste their current status due to the end and this is normal for a new network. the lack of validators puts the network in trouble for a while, but not forever. and this is not a red report card for me, this is a common problem, and often happens for a new network. and their team is working on solving the problem. they are working on restarting the network and trying their best to solve this problem.

i keep it for the medium term or rather i have held it since may and will sell it at the end of the year, that also applies to all my other coins, i hope this problem is resolved quickly. :'(

Solana was down for 17 hours and it was recently priced above 200 usd. Meanwhile NEAR protocol, which has better tech and no downtime is valued at under 10 usd. Solana was way overhyped for what it can do in reality and a lot of people fell for scam projects on that platform. I put my money into DeFi on NEAR using Ref Finance, and as the story goes, the turtle wins the race.

It is only similar to Ethereum after the DAO failure or Ava’s own downtime because of its own blockchain failure hehehe. We are also in a bull market. If this was a bear market, it would be dumped -50%. Also, I speculate Sam Bankman-Fried supported much of the market during the downtime to save the Defi liquidity pools from being liquidated.

@RussianEnglishTranslation. It is not tested because no one uses Near. Solana was doing a peak of 400,000 transactions per second before the failure.

So this is the reason why I cannot withdraw my Solana on Binance the other day because of the downtime, I still consider Solana a very promising project and one of the closest competitors of Ethereum  29,000 TPS is such a huge achievement and huge 310005 for just a year is a great milestone for a new project like Solana, I expect Solana to have another huge pump in the coming months.

Solana hit 400k tps because it was spammed until it broke and they had to reboot the blockchain. Nobody ever had to reboot NEAR protocol because it has preventative measures for spam. In fact, one of the head devs warned the head dev of Solana in public that Solana is susceptible to spam attacks just like this, but nothing was done to prevent it.

Indeed, if we look at Solana's progress from the last few months, we know that this is a potential and promising project for the future.
but anyway we can't jump to conclusions just like that and need to see it in the long term

After Solana flew so high a while ago, maybe it's time for Solana to take a break and give traders a little space to get Solana at a low price. correction will always occur when a coin has pumped so strongly, thus making traders who already hold Solana a little worried about the accident that just happened. But this is not the end of Solana, After the storm ends we will see a clear sky.  

This kind of news creates a chit chat situation among the Market and people who hold it or don't wants to talk about it so it's normal thing as Solana was skyrocketing in prices within few months and was doing good but suddenly the blockchain went offline and the network has to be rebooted then it's kind of surprise as it was considered one of the best blockchain.But things are getting normal and the prices are slightly increasing also.

Solana and Cardano will end up being the affordable platforms of choice for people trading video game weapons and pics of pickles smoking joints.

The grownups will use Ethereum for all the important stuff.

And it is centralised, who wants this vapourware  ;D

Such news can have some consequences for the untrained human brain. After the rapid growth, the blockchain suddenly breaks down. What can you think? What if it’s some kind of global fraudulent scheme came into play. We've seen so much already. And suddenly it happened. Nobody wants to lose their money.

what a joke. This would never happen to Bitcoin

This was an unfortunate incident for SOL, it resulted in 250 million being badly liquidated. Not only Sol, the Arbitrum network also encountered problems when the error showed offline status and even Ethereum was attacked. I don't think there are any parallels when it comes to intraday events for altcoins.
Sol price is back today but it looks like it will come with cracks before stabilizing again.
https://pbs.twimg.com/media/E_Q_xPBXEAYjAGB.jpg
Detail from @SolanaStatus: https://twitter.com/SolanaStatus/status/1437856638279487493?s=20 (https://twitter.com/SolanaStatus/status/1437856638279487493?s=20)

I think Solana's current blockchain system is still running smoothly, despite the bottlenecks or overloads of the blockchain system. But I think Solana will be the best alternative going forward in the future blockchain system. The increase in users of the Solana blockchain system is currently getting higher which makes the system must be improved.

What I have read is that due to excessive users giving out transactions for the IDO of grape protocol, the transactions in the meme pool exceeded the normal transactions and the size of these transactions went way up, the validators who are required to use 128 gigs of RAM to validate transactions on the SOL chain had to plug in their additional hard drives to complete the task which too got full due to an excessive number of transactions, this was when the validators decided to switch off their Nodes which led to this breakdown, SOL team later updated the version with a bug fix and ensured the chain moves smoothly.

This is why, despite the fact that I was unable to withdraw my Solana on Binance the other day due to the outage, I still consider Solana to be a very promising project and one of Ethereum's closest competitors.  I expect Solana to have another massive pump in the coming months.

 The SOL token pumped a lot for a while. There I bought and invested at a high price. I bought and hold each token for 208$. But now it has decreased a lot.Today it has decreased a lot in a short time.However, this token will be recovered very soon.

I think the SOL token for this year will only reach a maximum of $214 USD due to the current unsupportive market factor which looks bearish for the next 1-2 months. Solana's project is already strong enough in developing this technology, it just takes time for the SOL to be pumped again

The technical problem of Solana network is that it is very difficult to operate a node, people need equipment with powerful configuration. I saw the problem before looking at the 'Proof of history' consensus method. It is really recursive and makes the blockchain more and more heavy.

It like after the price of Solana dropped few days ago after it attained ATM at $216 while it was on the verge of resuming it bullish run then Bitcoin dumped massively which started yesterday consequently culminated to almost all the altcoins dumping too including Solana which had earlier started to trend bullish, I believe after this price correction, hopefully Solana would resume it earlier bullish sentiment and recover, thus another opportunity to buy at dip and accumulate

The wounds are serious but they are holding up in valuation because even when the market corrected a lot in the overall market Solana went down 17% and during a outrage like that the market should crash usually but it is still holding up in valuation which is strange. I am not following their development but this was one of the hottest coins in the market for weeks.

The market is on a red candle sticks again and that is because of Bitcoins movement so technically, this is just a corrections and this is temporary only. If you really want to make profit have a strong hands to hold, SOL is a great project and for sure, it will recover in time.

Is this because of the spam transaction attack that made the system down? Like it took advantage of the cheap transaction fee and sent out tons of transactions?

I think the system is great when people try to put their work into the network and make NFTs or something. I believe it has the potential to rise higher but it's time who is going to tell what would happen.

SOL couldn’t deal with all the people using the network. This is why I switched to NEAR because NEAR is ready for mass adoption. I found the project during the bull run and it’s charts are very similar to SOL charts before it blew up, this is why I looked into it. NEAR has a world class team of devs behind it and is backed by top VCs. I personally fell in love with the community and the project when I looked into it further, I definitely recommend giving NEAR a look.

Solana have bigger community and now best moment to buy back, don't worry solana coin is the best right now with faster recovery and price keep going up, although dump under $130 now have raise up above $140 and keep touch higher price if bitcoin up. I will buy back if have money now for Solana coin maybe today or tomorrow will up again.

The solana ecosystem is currently starting to develop, after going through some difficult times in the market, with a lot of correction happening for the coin as a whole, it is necessary to upgrade some of the existing solana network, so the red flags in the report may be disappearing slowly, the current 20% support is quite affecting solana developing in the future, with many considerations that will have a good impact in the future, I think solana has a good chance in the future, just waiting for the right time and moment.

Yep, the community of Solana tested with these recent downtimes of Solana ecosystem, as validators agreed to restart, a lot of people telling that the community was superb even the founder of Solana.
I believe that what happened on Solana recently will make the ecosystem stronger.

And the reason I think of the downtime was the bot on Raydium, as I saw one of the tweets of the Anatoly, fonder of Solana.

It is just a matter of time for Solana to rise back from the lower price to the higher price. Besides that, Solana has much time to increase the price step by step. If the price can not jump to the high price, it is better to lift the price for a small price but constantly because that will be better for the coins to have a stable increase. All in all, Solana needs to stay strong to compete with the other coins/tokens which already have support from traders and investors and that is not easy to compete with them.

This is probably the best explanation for what happened I read here.

It just goes to show how if a coin has an inherently centralizing design (however by accident), it can lead to long-term problems for the success of the coin.

As I was just mentioning in another thread, a pretty bigtime blockchain game has adopted Solana for their game NFTs. Imagine if you wanted to play the game and couldn't because its host blockchain was "down." That would be quite unacceptable. Hope they get it together.

The outage of Solana network for more than 16 hours was very disappointing for Solana investors because it raises question about capacity of network to handle transactions load as well as people are  asking questions whether Solana is really Decentralized. New buying interest is again seen on Technical charts of Solana and it  looks good buy at current price after having shredded extra fat due to the incident of network outage.  

The Solana blockchain is still very young, but rapidly developing. It is quite natural that unexpected difficulties may appear in the process of rapid growth. This has already happened with other popular blockchains, so there is nothing extraordinary here. I see such events as another chance to increase my SOL balance in my wallet at a discounted price.

What happened to Solana of course no one predicted, the surge in the number of active Solana users skyrocketed in a short time so the network was very busy, a few days ago I sent Solana and it took up to 6 hours to get 3 confirmations, now the network is stable and hopefully it doesn't happen another network problem.

Just found it today and looking some stuff on google before, I never though it's going to make Blockchain network more heavy since basically solana was more distributed and their maintain it's own while the others need interact intensively and need to wait block confirmation on the network, I'm not really understand the whole process though but thanks for sharing this so i can learn more details about this downtime.

I believe, the future of Solana Token is bright. It may crash for a while due to the impact of the market, but it is likely to move to a much better position in the future. I also invested in this Solana token. Hoping to get better results in the future.

It was really not good to see Solana like this. I know that it is still in beta phase but still this is not ideal for a promising project. Because people couldn't do anything while this problem was going on. This could besmirch Solana's reputation a little bit. I hope to see Solana solving this kind of problems after the beta phase. Otherwise, the number of people using Solana could start going down. By the way, Solana price was also affected negatively by this.

SOL blockchain is a superior technology (super fast, secure, modern features and low transaction fee..etc). Thus, this market niche can be significantly attempting. The next security module update could be released to fix/enhance this issue and its unveil pumping price.

The news came out and people started talking about it more than the mixed and supportive opinions only fueled its spread.
And as I feel, this is a pretty good opportunity for those who are looking for an opportunity to hold more SOL at a good price. Honestly, after many years I have to admit that it is better to act on your own rather than listen to other people's thoughts, and always question it before any news.

Heavy traffic in my view has an impact as you said above and I'm sure the developer will quickly resolve this problem regarding the convenience of its users. Soluna itself has been fundamentally proven and will focus on decentralized as well as Cardano.

Although SOL has a good price to buy, the price is already increasing too high so I think people can wait for a while to enter the market.
With $141 for the price now, I am worried that the price can down for more and maybe it will reach $120 so if you decide to buy right now, you should consider buying from a small part and see where the price will go later.
Yes, you do not need to listen to other people's thoughts because we will have our own analysis that we used to give us a different conclusion from them.
We do not know how deep the SOL price will be down and if you buy SOL at a big amount, you should prepare for the next dip that can happen to SOL.

Thanks for your feedback. That's my understanding at the moment, and someone has found it helpful. If you are looking for a blockchain project with high consensus and not too congested that must collapse as well as high decentralization (the ability to set up individual nodes easily), then maybe Lamden (TAU) is responding to the above problems.
I'm really impressed with their consensus building philosophy.

High Performance and Scalability on a Python Blockchain
https://blog.lamden.io/high-performance-and-scalability-on-a-python-blockchain-47c0200c3ef6

One more problem of Solana is that they use RUST as the programming language for the project. RUST is a powerful but difficult language to use. When creating DAPPs developers need to be knowledgeable about this language because if something goes wrong it will be difficult to fix. As a result, it took Solana 12 hours to bring her blockchain back online.

Of course, no one will force you to buy or keep it :)
As you can see, I wonder if $120 vs $140 is that much of a difference for a future patient, even though it's increased a lot, but admittedly it's worth it. So I expect a lot of things they build, and that's the basis that makes me think that SOL is really having a clear opportunity.

Due to transaction overload, the Solana network was down for over 16 hours. The number of failed transactions surged to more than 400,000. As a result, the network is paralyzed. Additionally, “the lack of prioritization of network-critical messages caused the network to start branching out.” It is said that the problem is in the first layer, so it will affect all Solana based content. Since Solana is currently in beta, this mitigates the impact of the outage to a certain extent. Due to Solana network issues, prices plummeted. Immediately after the news was announced, the price dropped by 10%. At the same time, Solana recovered in time and was only able to record a decrease of 2.5%.

I read too much about this and after checking few charts and analysis I personally fell in love with Solana because it's really decentralized. New buying interest is again seen on Technical charts of Solana, and it looks good, even too much hype about this downtime but team done good job and now all things working smoothly. Solana blockchain is still very young, and it's in beta version, we all know that many difficulties will happen in start and growth.

Until now, we have too many talk about price and other things, but I feel members need to do some own search and then do any decision about their investment, never go on hype.

Ever since SOL team decided that they could stop the blockchain anytime they want and fix stuff and then revert the wrong stuff and then restart the whole blockchain, I am out.

You can read about it a lot more here; https://dailycoin.com/solana-comes-to-a-halt-ethereum-killer-killing-itself/ and you can see that it was stopped by the team itself, which is peak centralization and there is no situation in the world that could make me invest into something that is this hardly centralized. Even BNB is basically all the centralized things you can imagine but they never stop it.

If you want to invest, which you should if you want to, then you should do it knowing that they could literally take money out of your wallet too if they want to, or they could stop it anytime they want or revert it or change anything they want at anytime these are all risks. Know the risks before you get in, if you are fine with them then many people who were fine with it made money when it skyrocketed recently so I hope you do make profit too.

Solana is still in its infancy when compared to ethereum and the giant,  bitcoin. Struggling in the early stage in the cryptocurrency market is quite normal and should be expected  of new tokens. Price is back up and soaring.  Let's just hope it won't be needing any maintenance any time soon.

Well, if we compare Solana to bitcoin, then it's clear that its too far from bitcoin's achievements. But when it comes to ethereum, there are really chances that it can replace ethereum from its position because Solana is definitely gaining more supporters which makes it a bigger community today. And if ethereum cannot resolve its issue on high gas fees, might as well those projects will shift into Solana's network because the trasaction fee is lesser. Solana has really good potentials that has developed overtime and even if there is a sudden crash, i think it will easily recover.

This is really bad, As a project that is getting huge they shouldn’t allow such a thing to be happening to them. Right from time they should have had this in mind when the project started growing and booming in price, they should have expected more people to join the platform and they should have prompted them to create and improve their platform to a higher level than what it is so that there wouldn’t be a need for such occurrences.

Rather they chose to neglect such, anyways let’s just hope that they will get better from here and wouldn’t let such a thing to repeat itself as time goes on, because if it continues there are lots of other projects that are ready to replace them immediately because people are going to be discouraged.

ethereum does seem to still have its own charm for investors, with evidence that eth is currently increasing despite having high transaction fees. while solana is actually not too bad, because it had undergone a correction and is now rising again. but obviously big investors know better where the money is going

I think you are right and I agree with you, indeed solana is considered a new coin and is still growing to rise, even now solana coin is still in a period of correction and that's normal in the crypto world, and I'm also sure the price will increase again, so  from that it did not dampen my enthusiasm in holding this coin.

but it seems that what happened did not affect the price of SOL, so you certainly won't lose. SOL is very lucky to have so many investors who believe in it, so the price doesn't have much of an impact. after it can be repaired and can run well or maybe it will get better.

all of them can certainly have different characteristics, what you say that maybe ethereum can be a good player, also of course has its own problems so far. so once again all of course have different problems to be able to immediately improve themselves in the future. so that the main goal that investors do not leave can be achieved, because without investors there will certainly be many obstacles.

Solana was not particularly affected by this incident. The project is still very young and is developing successfully, and such misunderstandings, all the more successfully overcome, will only be a plus. Investors did not turn away and this is the most important thing. The SOL price moves within the normal market movement. So there is nothing extraordinary.

Well, once you see that Solana has has high potentials to even grow in the future, no matter how often it gets its price corrected, it will always bound to recover again. And we can really tell by its own community that is growing now. Ethereum may have the fame and reliability that it gets from its own investors, but it should not be totally confident because Solana is rising now and could even have the chance to outgrow ethereum knowing its high gas fees transaction until now is not yet resolved.

I guess it is certainly a level where I would not consider it "new". It could be new compared to most other coins at the top of the list that is for sure, but it has been around for a while and it has lived to see a high level anyway. Right now it is the 7th biggest coin and even with 8x and passing ethereum, that seems like the only path left, so 8x is literally the all it can do above the usual market ups and downs.

I am not saying 8x is bad, but "new" coins could do as much as 100x because they usually lack liquidity and go viral time to time, even old ones listed a lot lower end up doing better than that if they go viral (look at doge in 2021). So all in all I would say that it is definitely not new in mindset, it is already high, and the biggest I could ever imagine it doing is 2x right now, that's it, nothing more seems likely.

Let's see how the ecosystem grows and what it will do, without the ecosystem there isn't going to be anything that worths much in SOL world. It is obvious that we are in a situation where SOL doesn't have a big ecosystem and it is not really providing much funds to anyone to make their projects there neither, and yes there will be "some" eventually that grow big but it could be too late and too little.

This is why I believe we should not be focusing on SOL price ups and downs all that much, we should be focusing on projects that are in the SOL ecosystem, if they grow big then SOL will go up, if they fail to grow then I do not see how SOL could become big. People keep claiming how awesome and cheap and fast SOL is, but TRX was very cheap and incredibly fast as well, yet it is nowhere to be found, and same could be said about Nano which back in the day talked about being insanely fast and free, and try to find where it is. Being fast and cheap doesn't make a chain great, getting used does.

Well thats solana for you I never see ETH having downtimes like that but the way I see this case is we are going to have growth in those ecosystems and as far as it doesnt cause catastrophic issue then normal They just look into the issue and try to fix it so as it never happens again..But for sol I think it has grown so tremendous and it has large amount of backing so worry not It shall pass gracefully ;D

Solana will always have the chance to grow more in the future and there's no doubt no it. Let it experience its own dumps because its a  natural thing in this crypto market. No project would ever pump so fast without even having some minor dumps in its first stages. Solana will always recover from any dumps because it is one of the most anticipated projects for now that has a great community that support it and has a great team that is actively working on its process. If you are now convinced with it, then having it in our portfolio will definitely turn into big profits in the future.

The same thought.
I even hold a few Solana in my portfolio just for the hope that someday it will grow and cut my earning and hold again the rest. Yes they are, they had a great team that actively having progress right at this moment so there is a good chance that someday it will be grown fast like other previous projects that have its own blockchain. One of the best promising coins and I think I will not hesitate on it to hold a  large part of my portfolio, everyone who will read this will simply not follow because of what I have said, just do your own research before putting your money.

Exactly that's the first thing to do. Even a lot of investors have believed in the potentials of Solana, but it will always give you an advantage to know more the coins well you plan to invest. Solana has its own way of making us more thrilled and excited. There might be some time that it will experience dump moments but it should never make us worried. We already know that all coins have been doing that and yes, its certainly a normal one. But that won't stop us from trusting Solana because it has a bright future ahead so buying and hold it would be very perfect. Maybe we should be more patient instead while waiting for its peak.

I think that the network itself has been down for many hours. Imagine that the transactions that did not went through ballooned to more than a quarter of a million transactions. The result of which is that the network has been paralyzed. Also, there has been perceived as lack of the prioritization of the "network-critical messages" that caused the network to start branching out. Prices plummeted as a result. It dropped to a worrying amount.

Solana is a very active coin and has increased dramatically, this makes the transaction volume very crowded so that the Solana network is unable to serve a very large number of transactions, of course this is a consideration for devs. to always pay attention to network speed and security so that the staking program is the most useful thing to test coins in the future.

When the activity is too high, some networks offer just bigger transaction fees (Ethereum), but continuing stable work. And some networks break down like Solana did a month ago. It shows that Solana has not been perfect yet, but I am sure that developers took this case into account and they are working on this issue, so just give a discount for the youth of the project.

This is the reason why Ethereum, Cardano and many other smart contracts will have an advantage over Solana which will cause future FUD sell off. Solana needs the 80% validators to keep the network working at it's best.

their attention to the development of solana can be seen until now solana has finally returned, let alone positive sentiment also occurs in bitcoin, of course it also indirectly affects other altcoins including solana, after a rather deep correction, solana finally bounced back, and on the other hand confidence investors are also influential

According to the twitter account called @Wublockchain, the Solana network was again down from 2:00 in the morning to 7:00, UTC +8. This is 5 hours. The attacker was suspected to be using spam to direct a ddos attack.

I was before optimistic on Solana and I was also speculating it to be the Binance smart chain killer. However, it appears that Justin Sun’s supposed to be scam Tron network is doing a better performance record that Solana hehehe.

Would Sam Bankman-Fried, who is Solana’s biggest supporter, begin to copy CZ’s strategy for BNB and create a blockchain network for FTX’s FTT?

Wouldn't be surprising at all.

At the end of the day the altcoin scene is just a giant circlejerk where all the founders come together and copy each other/fork each others' projects to raise capital.

Most of these transactions will be completely useless in nature and people don't care as long as they make money - just look at how people are ignoring these huge issues with the SOL blockchain.

Securing the network or protecting against DDOS is very hard with small fees or no fees. Eventually they will figure it out. But if you are a pioneer you will need to solve issues not seen before.