As a seasoned researcher and crypto enthusiast with a memory as long as the blockchain itself, I must say that the recent downtime incident at Phantom Wallet seems to be another chapter in the book of crypto’s rollercoaster ride. While it’s never ideal for any platform to encounter such issues, especially during high-traffic events like airdrops, it’s important to remember that these incidents are part and parcel of the evolving landscape of decentralized finance.
According to Phantom Wallet, they are currently experiencing an outage and request that their users remain patient while they work diligently to fix the problem.
On October 28th, the Phantom Wallet team reported on their platform that there was an “up-time issue” with their Solana (SOL) web3 wallet. As explained by the developers of this multi-chain wallet, certain functionalities experienced a short-term interruption.
Users have been advised to use decentralized applications if they need to make urgent transactions.
Right now, we’re facing a situation where our service might briefly stop working due to an ongoing maintenance issue. However, if you urgently need to complete a transaction, disregard any error messages that might appear and give it a try using a decentralized application (dapp).
Based on information from SolanaFloor, the current downtime affecting the Phantom Wallet is attributed to a back-end issue connected to the Grass Airdrop One event.
On October 28, 2024, the eagerly awaited airdrop of Grass – an artificial intelligence data layer built on Solana – was released. Not long after, its tokens became available on well-known cryptocurrency exchanges such as Bybit, Bitget, KuCoin, and Crypto.com.
Despite some effects on Phantom Wallet, it’s important to note that the Solana network itself has stayed active during this period. At the moment of writing, the SOL blockchain network showed 100% online status, showcasing its strength compared to the more frequent outages experienced a few years ago.
📣UPDATE: The Solana network continues to run smoothly without interruption, as the ongoing token airdrop from @getgrass_io – the largest in Solana’s history in terms of user involvement – progresses.
— SolanaFloor (@SolanaFloor) October 28, 2024
As an analyst, I’m noting a significant milestone in Solana’s history: SolanaFloor claims that the distribution of the meme coin GRASS has reached unprecedented levels, considering the number of active users. In the recent past, it’s been reported that approximately 2 million users have shown interest in trading their GRASS tokens within just a few hours.
In August, the Dogs (DOGS) token caused disturbances across various cryptocurrency exchanges, including Telegram Wallet. This disruption lasted for several hours, resulting in numerous periods of inactivity for the Telegram Wallet.
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2024-10-28 19:18