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Reading: Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
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Mycryptopot > News > Crypto > Solana > Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
Solana

Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop

October 29, 2024 3 Min Read
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Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
mycryptopot

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Downtime amid airdropTalked about on this article

Pockets supplier Phantom providers skilled almost three hours of downtime on Oct. 28 amid customers’ rush to assert GRASS tokens. Customers on X reported lacking balances and an lack of ability to carry out transactions.

In response to Phantom Standing, a serious incident with the pockets’s again finish made the service unresponsive at 1:36 P.M. UTC and went again stay at 4:20 P.M. UTC. That is the second time Phantom providers have gone down this month, with an 8-minute shutdown reported on Oct. 3.

After resolving the problem, Phantom shared on X that its staff would “proceed to actively monitor the scenario,” including that vital steps could be taken to stop related points.

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Furthermore, Phantom reported 12 main backend incidents in 2024, 7 of which occurred on Feb. 1, totaling almost one and a half hours of downtime. Two days later, on Feb. 3, the pockets supplier reported delays with token balances.

As of April this 12 months, Phantom reported 7 million customers, shortly making the scarcity noticeable to Solana customers. 

In the meantime, the Solana community’s techniques remained totally operational when Phantom went down, as Solana Standing knowledge exhibits whole uptime for the previous 90 days.

Downtime amid airdrop

Notably, Phantom’s points began six minutes after the declare of GRASS tokens went stay, prompting observers to tie each occasions as customers went to gather their rewards for interacting with the protocol.

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The tokens are native to the Solana-based decentralized bodily infrastructure (DePIN) community Grass and are utilized to reward customers that lend unused web bandwidth. The community capability is then used to coach and fine-tune synthetic intelligence fashions. 

The official Grass documentation reveals that 100 million GRASS tokens, representing 10% of the availability, shall be distributed on this first airdrop.

GRASS’s value has fluctuated right now. One hour after its launch, it fell 28% to achieve $0.65 and has recovered 9% since then. In response to knowledge from CoinGecko, the token is priced at $0.71 on the time of writing.

Talked about on this article
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Reading: Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
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