Ethereum DeFi apps struggle to keep up with surging demand
In brief
The Graph, a blockchain infrastructure company, experienced an outage that affected some of the most popular DeFi applications.
The outage came as a result of a rapidly growing number of complex queries being processed by The Graph.
The Graph has outlined a number of actions they’ll take to avoid a similar outage going forward.
DeFi is growing so fast, infrastructure providers are struggling to keep up.
The Graph, a backend service for making blockchain data more digestible for decentralized applications, released on Thursday a “post-mortem” report on outages in their system on Wednesday.
The outage caused issues for some of the most popular and rapidly growing DeFi applications, such as lending protocols Aave and Balancer.
As DeFi users and transactions continue to surge, the pressure is on for The Graph and others to provide a seamless and, eventually, completely decentralized infrastructure.
The outages returned HTTP 500 errors (internal server error code) for queries sent to The Graph starting June 24 at 12:00pm PST, and the issue was resolved about 11 hours later at 11:10am PST, according to The Graph’s internal report.
A second, shorter outage also returned similar errors to queries for about an hour between 11:35 PST and 12:20 PST.
Lending protocol Aave and 1inchexchange, an aggregator for token swaps on decentralized exchanges, were among the services that experienced frontend disruptions as a result of the outages.
The outage made it difficult for users to access the frontend websites for the various apps that The Graph services, though the protocols themselves never went down.
For context, roughly “65% of DeFi [assets under management] flow through dapps” built with The Graph’s tech, according to Eva Beylin, a strategist with The Graph and MolochDAO contributor.
Put another way, The Graph is “basically the middleware layer for most of the DeFi ecosystem,” in the words of Digital Assets Capital Management CEO Richard Galvin.
Read the full topic at
https://decrypt.co/33782/ethereum-defi-apps-struggle-keep-up-surging-demand
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The Graph, a blockchain infrastructure company, experienced an outage that affected some of the most popular DeFi applications.
The outage came as a result of a rapidly growing number of complex queries being processed by The Graph.
The Graph has outlined a number of actions they’ll take to avoid a similar outage going forward.
DeFi is growing so fast, infrastructure providers are struggling to keep up.
The Graph, a backend service for making blockchain data more digestible for decentralized applications, released on Thursday a “post-mortem” report on outages in their system on Wednesday.
The outage caused issues for some of the most popular and rapidly growing DeFi applications, such as lending protocols Aave and Balancer.
As DeFi users and transactions continue to surge, the pressure is on for The Graph and others to provide a seamless and, eventually, completely decentralized infrastructure.
The outages returned HTTP 500 errors (internal server error code) for queries sent to The Graph starting June 24 at 12:00pm PST, and the issue was resolved about 11 hours later at 11:10am PST, according to The Graph’s internal report.
A second, shorter outage also returned similar errors to queries for about an hour between 11:35 PST and 12:20 PST.
Lending protocol Aave and 1inchexchange, an aggregator for token swaps on decentralized exchanges, were among the services that experienced frontend disruptions as a result of the outages.
The outage made it difficult for users to access the frontend websites for the various apps that The Graph services, though the protocols themselves never went down.
For context, roughly “65% of DeFi [assets under management] flow through dapps” built with The Graph’s tech, according to Eva Beylin, a strategist with The Graph and MolochDAO contributor.
Put another way, The Graph is “basically the middleware layer for most of the DeFi ecosystem,” in the words of Digital Assets Capital Management CEO Richard Galvin.
Read the full topic at
https://decrypt.co/33782/ethereum-defi-apps-struggle-keep-up-surging-demand
Follow me on
Twitter: https://twitter.com/cryptoexpert20
If you wont me to post your cryptocurrency article on my blog From the link
https://www.fiverr.com/cryptoexpert20/post-your-cryptocurrency-article-on-my-blog
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