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Blockchain

Arbitrum Announces The Suspension Of The Odyssey Activity

June 30, 2022 - Around 2 mins mins to read
Immediately after the recent news of Arbitrum’s “congestion” as reported by CoinCu, this Layer-2 network announced the suspension of Odyssey activity.
Arbitrum Announces The Suspension Of The Odyssey Activity

Specifically, Odyssey is an activity to encourage users to use products in the ecosystem. However, because of the “hot” activities from the airdrop hunting team, this Layer-2 network is almost overloaded and the transaction fees sometimes exceed Ethereum.

In its latest announcement, Arbitrum said it will suspend Odyssey and will restart once the Nitro upgrade is complete.

According to the latest announcement, the project’s Twitter page says that the network faces similar problems as Ethereum when it can only handle a certain amount of traffic. Waiting after the Nitro upgrade will give the network more room to handle this volume of transactions.

For users who performed Odyssey week 2 tasks on projects GMX and Yield, these actions will still be recorded. At the same time, the ecosystem said it will announce the upcoming schedule for the Nitro upgrade.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Harold

CoinCu News

Arbitrum

ETH

gas fees

GMX

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Nitro upgrade

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Arbitrum Announces The Suspension Of The Odyssey Activity

Immediately after the recent news of Arbitrum’s “congestion” as reported by CoinCu, this Layer-2 network announced the suspension of Odyssey activity.
Arbitrum Announces The Suspension Of The Odyssey Activity

Specifically, Odyssey is an activity to encourage users to use products in the ecosystem. However, because of the “hot” activities from the airdrop hunting team, this Layer-2 network is almost overloaded and the transaction fees sometimes exceed Ethereum.

In its latest announcement, Arbitrum said it will suspend Odyssey and will restart once the Nitro upgrade is complete.

According to the latest announcement, the project’s Twitter page says that the network faces similar problems as Ethereum when it can only handle a certain amount of traffic. Waiting after the Nitro upgrade will give the network more room to handle this volume of transactions.

For users who performed Odyssey week 2 tasks on projects GMX and Yield, these actions will still be recorded. At the same time, the ecosystem said it will announce the upcoming schedule for the Nitro upgrade.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News