16. Bankless - Crypto Broke
by 습관중독2022-05-03. Ben Giove
past weekend in crypto, In under 24 hours, we saw:
- A 7-hour network outage on Solana
- A multi-billion-dollar liquidity crisis on Fantom
- A $100M gas war with the BAYC land mint
- Two 8-figure DeFi exploits on Saddle Finance and Rari Capital
Let’s go through each of the weekend’s major incidents and see what we can learn.
1. Solana Network Outage
1) Solana, the third largest smart contract platform by market cap, experienced a seven-hour outage, losing consensus after the network was overwhelmed by a barrage of NFT minting bots.
2. Fantom Liquidity Crisis
3. APE Mint Gas Spike
4. Fuse and Saddle Exploits
End: Crypto Is Resilient
It bent. But it didn’t break.
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