Decentralized exchanges (DEX) running on the Binance Smart Chain (BSC) platform have recorded system failures. One of the problems is the inability to make transactions on the network
On Monday, May 10, users of decentralized exchanges and services powered by Binance Smart Chain experienced network delays. To confirm the transaction, it was required to manually increase the speed through Metamask. The Ethereum blockchain regularly faces the same problem during periods of high load.
BSC fell victim to its own popularity
The editorial staff of BeInCrypto BR tried to conduct transactions for different BUSD amounts in TrustWallet using BSC, but they did not receive confirmation from the network, which led to errors. By the end of the day, transaction confirmation resumed, but the network was still unstable.
Problems on Binance Smart Chain
SafePal Wallet, a cryptocurrency wallet integrated into Binance Smart Chain in 2020, was one of the first to tweet the issue. The company said that overloading BSC negatively affects the operation of all services, including displaying BSC balance, transfers and orders.
About an hour later, PancakeSwap, the largest DEX on the network, also tweeted the problems, noting that the congestion could be due to the failure of some nodes. For a while, seven of the 21 BSC nodes went offline.
"The BSC nodes appear to be experiencing problems, leading to transaction failures and slowdowns," the message says.
Experts advised switching to other services, or trying to increase the gas up to 10+ Gwei.
Sincerely, Lyubov Sultanova.
