Blockchain

SundaeSwap launches on Cardano, but users report failed transactions

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Cardano’s first decentralized application (DApp), SundaeSwap, has been launched, but it has caused user dissatisfaction due to congestion, platform bugs, and failed transactions.

Is this just the initial hassle expected from the influx of excited users, or is there more?

SundaeSwap is a decentralized exchange (DEX) and token staking platform. Its mainnet launch today marks a milestone for Cardano (have) ecosystem, becoming the first DApp to utilize its smart contracts.

Ahead of the launch of SundaeSwap, the ADA price had risen by 50% in the past week, which means that a successful launch is a high-stakes game for Cardano.

Trading on the DEX began on January 20 at 9:45pm UTC. Users on the project’s Discord server began complaining about failed transactions and network congestion within two minutes.

As of 10:07pm UTC, SundaeSwap CEO Mateen Motavaf posted a message in bold and all caps in an attempt to address the flood of complaints in the server:

“If your order is on-chain, it will be processed. Order failed due to congestion, please be patient”.

The SundaeSwap team hosts a Twitter space but At around 1AM UTC, further resolve any issues traders have with the platform. One user asked about the expected effects of the upcoming Cardano node upgrade, given the massive order backlog or “scoop” known as the swap on SundaeSwap. CTO Matt Ho replied:

“Once the 25th changes, we expect the throughput of the memory bump itself to increase by more than 2x, strictly speaking, as additional protocol parameters become available.”

Another user noticed that orders on the DEX were completed before they were launched on the website. Tech-savvy traders can bypass the website UI and execute trades directly on the underlying smart contracts of any DEX.

Ho replied: “There are so many things to deal with that we may not believe that naive people would manually construct transactions ahead of time.”

By 2:40 a.m. UTC, users were still complaining about failed transactions and more than four-hour waits for orders. CIO Pi Lanningham responded on Discord: “Orders will continue to be processed (currently ~2,500 orders per hour; ~11,000 orders currently on-chain, of which ~1,600 are within slippage tolerance).”

The SundaeSwap team has yet to respond to Cointelegraph’s request for further comment.

Based on the performance of the testnet about a month ago, the project core team expects a large order backlog before going live.on January 8 blog In the post, the team wrote:

“We would like to inform everyone that while orders may take a few days to process, everyone’s orders will be fairly processed in the order in which they were received.”

related: Cardano ‘Sends All Out’ With 50% ADA Rally Ahead of SundaeSwap Launch

Using the performance of the SundaeSwap platform from the previous test phase, the team first acknowledged the possibility of poor performance, but said “we are very confident that once things settle down, the protocol can handle normal day-to-day loads.”

Cardano Blockchain Introduce smart contracts The platform after the Alonzo hard fork last September.Over 2000 smart contracts in one week Deploy on the blockchain There are time locks without starting operations.