NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Zcash Foundation Investigation Closed: SEC Decision Sparks 12% Jump In ZEC Price
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Zcash Foundation Investigation Closed: SEC Decision Sparks 12% Jump In ZEC Price

How Solana Was Brought Down By This dApp Launch

Reynaldo Marquez
Reynaldo Marquez
Last Updated: December 13, 2021 9:01 pm
2 mins read
Crypto Solana Ethereum Terra

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Solana has been taking market share out of Ethereum across several sectors. The platform has seen the expansion of its NFT based projects with SolChicks, one of its latest on-chain games with a play-to-earn (P2E) model, causing a lot of hype amongst the users.

Related Reading | Grayscale Launches Solana Trust Following Investors ‘Appetite’

The game was built with SolChick, one of Solana’s NFT Collections, and let players take their assets and using as their main characters. Launched with a Player-to-Player (PvP), a Gameplay with raids characteristics, SolChicks has set out to “revolutionize the industry”.

The hype around this Solana project translated into a slowdown in the network’s activity as too many users tried to access the platform via Raydium and Solana, the blockchain backing the launch, and crashed it. The team behind the project posted the following via their Twitter account after its problematic token generation event (TGE):

We apologize for the inconvenience of this delay, but tens of thousands of people are trying to buy $CHICKS and the Raydium server has crashed. It appears SolScan is also not loading our contract address right now either.

The team behind the project tried to fix the issue while, according to the official post, working on deploying a liquidity pool that will support the game and its GameFi model. As revealed pre-launch, users need to claim their SolChicks.

The increasing demand for SolChicks and the platform’s native token CHICKS, caused Solana to congest. Thus, slowing down transactions in the network and the users’ capacity to claim and transact with these digital assets.

The team behind SolChicks called the event a “record breaking launch” and transferred the responsibility on the event to Solana:

The token claiming dashboard has crashed, as the Solana network is extremely congested. We’ve had tens of thousands simultaneous claims and buys and there simply isn’t enough capacity in the network. This is something that is completely out of our hands, and rests solely with the Solana network.

A Solution For A Problematic Event On Solana

In the coming day, the team behind SolChicks prepares to airdrop their tokens for the users that meet the requirements. In order to achieve this objective and contribute with reducing congestion levels on the Solana network, the team is currently creating a plan.

In addition, the team warned users about potential fake and scam accounts and addresses looking to use the project’s popularity for personal gains. Finally, they added the following as a special message to the community:

Once again, we sincerely apologise for the hiccups on launch day. No one likes or wants these holdups; however you can rest assured that our entire team is working around the clock to actively rectify these issues, including liaising with Solana and Raydium directly.

Related Reading | Solana Tops Cardano, Ethereum To Become The Most Staked Cryptocurrency

As of press time, Solana (SOL) trades at $151 with a 13.1% correction in the past day.

Solana SOL SOLUSDT
SOL trends to the downside in the 4-hour chart. Source: SOLUSDT Tradingview
Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

solana price sol solusd

Solana Builds Strong Case for Higher Valuations as ETFs and Network Metrics Surge

Investors are expecting Solana (SOL) to gain momentum in 2026, driven by rising on-chain activity, expanding DeFi participation, and increasing...

James Halver 1 week ago
Solana

Solana Shatters Records: 2025 Annual Review Reveals New All-Time Highs In Key Metrics

Solana (SOL), one of the foremost blockchains in the cryptocurrency sector, recently released its annual review for 2025, showcasing major...

Ronaldo Marquez 1 week ago
Solana

Solana Stalls At The Edge, But This Level Holds The Key As Momentum Dries Up

Solana is treading a fine line as price presses against a key technical barrier with momentum visibly fading. Repeated rejections...

Godspower Owie 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Solana Price Jumps, But Network Adoption Remains Weak

Keshav Verma 2 days ago
Solana

Solana Structure Suggests One Final Test Before Bulls Can Step In

Godspower Owie 2 days ago
Solana

Solana Accumulation Narrative Strengthens With Big Institutions, A Rally Imminent?

Godspower Owie 5 days ago

Premium Sponsors

Press Releases

  • モネロが686ドルで史上最高値を更新、時価総額トップ11入り──1月に注目のアルトコインは?

    ...

    15 hours ago
  • ChatGPTが分析:2026年の仮想通貨 1000倍候補はどれか

    ChatGPTが分析:2026年の仮想通貨...

    15 hours ago
  • 新しい仮想通貨:2026年に注目すべき3銘柄、次に急騰するコインはどれか

    ...

    16 hours ago
  • ドージコイン 今後:ミームコイン市場に投機売買が再び戻る

    ドージコイン...

    16 hours ago
  • XRP価格予測:SECの暗号資産ルールに反発するリップル 今後、法的枠組みを突破できるか

    ...

    16 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.