News

OP traffic is overloaded after launch OP Drop #1, causing mainnet and RPC delay

Optimism experienced high loads waning after its OP governance token was launched, OP traffic causing delays on the Optimism blockchain mainnet, and remote procedure calls (RPC).

OP traffic is overloaded.

The network’s delay OP’s traffic is particularly notable as Optimism’s token drop has been noticed, after other popular airdrops were hit with turbulence and in the wake of the effort. them to donate tokens to community members and other stakeholders. Compounding the issue is an indication that some participants were able to claim tokens prior to the official announcement.

Optimism Responds to Trading Delays After Launch of Token on Twitter

RPC is a set of communication protocols that allow another entity, such as MetaMask, to interact with other protocols, such as Optimism’s layer 2 blockchains. With Optimism’s RPC decreasing, users cannot buy or sell OPs as they cannot access the Optimism blockchain through the default applications on its RPC.

This also means that many default applications on Optimism’s RPC, such as Uniswap or MetaMask, cannot communicate Optimism’s request to execute transactions.

As an updated article on Coincu News, after launched 248,000 addresses were allocated 214 million OP tokens (5% of 4.29 billion supply), with a qualified addresses bag average of 860 OP tokens. However, after that, 17,000 addresses were excluded, reducing the total number of wallets expected to 231,000

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

Foxy

Coincu News

Victor

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

1 hour ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

4 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

6 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

7 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

10 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

13 hours ago

This website uses cookies.