Sat, November 23

Solana-based Phantom Wallet Reportedly Experiences Outage

Solana-based Phantom Wallet Reportedly Experiences Outage Industry News
  • A “no data” alert appeared on the browser wallet’s overview page.
  • Being a Solana-based wallet, Phantom Wallet is no stranger to outages.

The popular Web3 wallet in the Solana ecosystem, Phantom Wallet, has allegedly gone down, adding to the spate of outages that have recently rocked the Solana blockchain network. Members of the Phantom Wallet and Solana communities have reported that the submitted transactions cannot be seen in the browser version of the wallet.

Moreover, customers were unsure about what was incorrect since transactions started on Phantom Wallet could not be submitted. It seems that reports of the Phantom Wallet app being unavailable are not widespread, however a few users have verified these claims.

Some customers say they have successfully submitted a transaction in the previous several hours, while others say they can’t access their accounts or finish transactions.

No Stranger to Outages

A “no data” alert appeared on the browser wallet’s overview page in the snapshot of a transaction that was shared by Independent Crypto Journalist Colin Wu. The fact that Phantom Wallet has yet to respond to any of these reports of outages suggests that the problem may not have been widespread just yet.

Being a Solana-based wallet, Phantom Wallet is no stranger to outages, thus many users aren’t surprised when it happens. A distributed denial of service (DDoS) assault occurred earlier in February, causing Phantom Wallet to briefly suspend all transactions and services.

Similarly, to how Solana has been expanding recently, Phantom has also seen tremendous expansion. With 4 million active users as of earlier this month, the protocol has a sizable user base that might cause platform congestion.

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A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.