Cryptocurrency Q&A
What happened to Raydium?
What happened to Raydium?
Sofia
Sun Jun 30 2024
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6 answers
1851
In the recent crypto landscape, Raydium has seemingly fallen from its once-prominent position. Could you elaborate on the specific events that have transpired, leading to this shift? Has there been a significant dip in its market capitalization? Did any internal or external factors, such as technical difficulties, security breaches, or regulatory pressures, contribute to its decline? Moreover, how have its users and investors responded to these developments? I'm particularly interested in understanding the long-term implications of Raydium's current state and the potential outlook for its future recovery.
6 answers
Nicola
Tue Jul 02 2024
Raydium recently underwent updates, stemming from a significant server load issue.
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CryptoPioneer
Tue Jul 02 2024
The decision to update was prompted by an abuse of their API services.
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Sara
Tue Jul 02 2024
The abuse manifested in a significant increase in API pings.
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Martino
Tue Jul 02 2024
In April 2023, there was a nearly 3X jump in API pings compared to March.
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Sara
Mon Jul 01 2024
This drastic increase in API activity placed a heavy burden on Raydium's servers.
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