The SundaeSwap launch on Cardano gets off to a rocky start, with network congestion slowing transaction processing.
Cardano’s first DApp and DEX, SundaeSwap, launched on the mainnet today amid a great deal of hype however network congestion has held up swaps on the platform for over five hours since trading began.
By 10:07 pm UTC, SundaeSwap CEO Mateen Motavaf posted a message in bold font and all caps trying to address the volume of complaints on the server:“IF YOUR ORDER IS ON-CHAIN, IT WILL BE PROCESSED ORDERS ARE FAILING DUE TO CONGESTION, PLEASE BE PATIENT.”
The SundaeSwap teamhosteda Twitter Spaces AMA at about 1 am UTC to further address any issues that traders were having with the platform. In light of the tremendous backlog of orders holding up swaps, or “scoops” as they’re called on SundaeSwap, one user asked what the expected effect of an upcoming Cardano node upgrade would have. Chief technical officer Matt Ho answered:Read more: Cointelegraph »
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Here's When Flagship Cardano DEX Will Enable SwappingSundaeSwap will launch swapping later today, but user experience could be bumpy during the first days SundaeSwap BabyDoge
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January 20, 2022 By 10:07 pm UTC, SundaeSwap CEO Mateen Motavaf posted a message in bold font and all caps trying to address the volume of complaints on the server: “IF YOUR ORDER IS ON-CHAIN, IT WILL BE PROCESSED ORDERS ARE FAILING DUE TO CONGESTION, PLEASE BE PATIENT.” The SundaeSwap team hosted a Twitter Spaces AMA at about 1 am UTC to further address any issues that traders were having with the platform. In light of the tremendous backlog of orders holding up swaps, or “scoops” as they’re called on SundaeSwap, one user asked what the expected effect of an upcoming Cardano node upgrade would have. Chief technical officer Matt Ho answered: “Once the change happens on the 25th, we expect greater than a 2X throughput increase from strictly the memory bump by itself as additional protocol parameters become available.” Another user noticed that an order was filled on the DEX before it was launched on the website. A tech-savvy trader can bypass the website user interface and execute trades directly on the underlying smart contracts for any DEX. Ho responded that “there were so many things to deal with, we didn’t believe maybe, to our naivete, that someone would have constructed a transaction by hand ahead of time.” By 2:40 am UTC, users were still complaining of failed transactions and orders pending for over four hours. Chief investment officer Pi Lanningham responded on Discord: “Orders will continue to be processed (currently around 2500 orders per hour; currently ~11k orders on chain, ~1600 of them within slippage tolerance).” The SundaeSwap team has not yet responded to Cointelegraph’s request for further comment. The core team of the project expected a large backlog of orders ahead of the launch based on the performance of the testnet about one month ago. In a Jan. 8 blog post, the team wrote : “We want to inform you all that while orders may take days to process, everybody’s orders will be processed fairly and in the order they were received.” Related: Cardano goes ‘full send’ with a 50% ADA rally ahead of SundaeSwap launch By using the performance of the SundaeSwap platform from a previous test phase, the team acknowledged the possibility of poor performance at first but said, “We’re very confident that the protocol can meet the normal day-to-day load once things settle down.” The Cardano blockchain