Phantom experienced delays due to a significant spike in user activity, processing millions of requests.
Despite the congestion, Phantom handled $1.25 billion in volume and 10 million transactions in one day.
Jupiter also faced high traffic, issuing an apology and working to restore service.
Phantom, a self-custodial crypto wallet that allows users to buy, store, and trade cryptocurrencies and , has successfully the issues caused by a massive surge in activity, with the platform now operating smoothly once again. The platform, which had been processing over 8 million requests per minute, experienced significant delays and difficulties with transactions. However, as a result of the swift efforts of its technical teams, transactions are now processing without issues, and all systems are expected to remain stable moving forward.
The team revealed that despite the challenges, Phantom was still able to handle $1.25 billion in trading volume and process 10 million transactions today. The surge in activity tested the platform’s capacity, but the team managed to keep operations going while working on solutions. The platform acknowledged Mert Mumtaz, CEO and co-founder of Helius Labs, and Ethan Chan, CEO and co-founder of Allium Labs, for their assistance in resolving the issue.
Phantom confirmed that transactions are now working smoothly and all systems should be back to normal. The company has expressed its gratitude for the patience shown by users throughout the disruption and assured them that further improvements are being made to better handle future spikes in demand. The team said:
“We truly apologize for the issues today. Everyone’s patience is appreciated as we make sure to make the necessary improvements to better handle scale.”
“We truly apologize for the issues today. Everyone’s patience is appreciated as we make sure to make the necessary improvements to better handle scale.”
Users had mixed reactions to the resolved situation. While some praised Phantom’s quick response, others expressed frustration that fees were deducted despite failed transactions.
Jupiter Faces Similar Challenges amid Growing Traffic
Jupiter, a decentralized exchange platform, similar traffic congestion issues, announcing that all its systems were under extreme load and the team was working to restore operations. Jupiter stated:
“All our systems are under extreme load right now, working to restore proper services as soon as possible. incredibly sorry for any inconvenience caused, please file tix on discord for serious issues, we will try our best to handle them asap. on the bright side, welcome to mass adoption ”
“All our systems are under extreme load right now, working to restore proper services as soon as possible. incredibly sorry for any inconvenience caused, please file tix on discord for serious issues, we will try our best to handle them asap. on the bright side, welcome to mass adoption ”
Trump’s Crypto Move Triggers Mass Adoption and Platform Strain
The massive congestion may be attributed to the growing crypto awareness following the release of the TRUMP meme coin by elected US President Donald Trump. His pro-crypto stance, along with the launch of the TRUMP token and the MELANIA meme coin , has fueled the mass adoption of crypto, leading to traffic congestion on some platforms. A top crypto commentator Ash Crypto on X that Trump has broken Solana as Phantom and Jupiter are down.
The Trump effect on crypto is leading to the mass adoption of digital assets. However, while some are praising his move, others see the launch of the TRUMP and MELANIA tokens as a .
