Solana Bot counts with seven-hour distractions after swarming – The Defiant
When the price of Solana skyrocketed last summer, that time became known on the Internet Solana Summer. It’s just May, but Solana Spring 2022 A shaky start off.
April 30 at 4:00 PM EST, Solana’s network shuts down For seven hours Due to a bunch of bots trying to mint at NFT 4M transactions per second. Solana’s mainnet beta fell out of favor and was unable to recover the legitimate network.
SOL price tank
Spammers use bots to collect highly coveted NFT. “If a bot submits a 10mm transaction, they have a much better chance than the average consumer. In fact, the consumer has no choice. ” Explains Strata Protocol, a platform for launching Solana-based social tokens.
Although Solana’s head of communications Austin Federer assured users that their The funds are secure, SOL prices are still significantly lower. After the network went down, the price of SOL dropped from 15% to $ 82. Since then they have returned to $ 88 in mid-day trading in New York time.
Solana has gained higher interest this year for being significantly faster than Ethereum with cheaper fees. The chain merged with Openness, the leading NFT marketplace, at the end of March.
There is growing interest in Solana-based NFTs, bought through the OpenSea deal Last week, Solana-based NFT project Diggs bought a basketball team league run by crypto-loving entertainer Ice Cube.
Prior to the April 30 crash, DeGods was on the 309 SOL floor (~ ,000 30,000) with a trading volume of 394,800 SOL ($ 38.3M). Prior to the crash, another Solana-based project called OK Bears was on the 180 SOL floor (~ $ 17,500) with a trading volume of 503,000 SOL ($ 48.8M). On the morning of May 2, DeGods stood on floor 315 SOL (27,000) when Okay Bears fell to floor 104.5 SOL (,000 9,000).
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