Expectations and anticipation could not be higher for Cardano and the launch of it’s new Dex, Sundaeswap. Everyone is talking, everyone is excited, everyone anticipating, but can it accommodate everyone? I am gonna say after seeing and reading the following that this could be a let down. Everyone should temper their expectations.
As we approach SundaeSwap’s mainnet launch, the team at SundaeSwap Labs believes it’s important to educate our community on some of the expected operational constraints and limitations that the blockchain and the DEX will exhibit on opening day and through the first few weeks after launch.
The Cardano blockchain was designed for global reach and penetration, achieving consensus on transactions across the world in seconds, and engaging people from all economic backgrounds. With the weight of that responsibility, Cardano has always operated by “measuring twice, and cutting once.” This mantra has resulted in the initial parameters of the blockchain being set conservatively at present.
During our testnet event, the team noticed a large backlog in processing user actions. This was partially due to continued improvements to the Scooper order batching program, but was more due to the current maximum throughput parameters of the Cardano blockchain. While this is likely to negatively impact the user experience, the congestion is a sign of the Cardano network operating as intended by gradually applying backpressure. This created natural queues so that the Cardano network could absorb this load without crashing or decreasing the security of the ledger.
“With the SundaeSwap DEX quickly approaching its mainnet launch, it’s difficult to predict the load during the first week of operation. There are a few things that must be noted:
- There is a much lower barrier to entry compared to testnet; there’s no need to interact with a faucet, switch your wallet to testnet, etc.
- There is greater incentive to participate in the DEX to capitalize on its utility with real funds
- There is greater risk of participation since users are exposed to losses of real funds through trading activity
- The SundaeSwap DEX must share network bandwidth with other launching protocols, themselves driving additional network demand.
Even with all these factors in play, due to staggering levels of demand and excitement from our community, we expect a large backlog on mainnet as well, even under our most optimistic predictions. To be as transparent as we can, we want to inform you all that while orders (including swapping, providing liquidity and withdrawing liquidity) may take days to process, everybody’s orders will be processed fairly and in the order they were received and executable. It will also be possible to cancel orders at any time before they are processed by the Scoopers.
Although we expect this backlog during the first days of the protocol, we’re very confident that the protocol can meet the normal day-to-day load once things settle down. Given the size of our community and the excitement around our launch, this initial swell of activity is inevitable. As we saw with the testnet, once the Scoopers burn through any large surges and the backlog, orders for common pools should execute within a few blocks.
Because we expect a large backlog during the first days of the protocol, we will be building out features to inform users on what the current backlog is, what the current throughput is, and where your order roughly stands in the queue”.
As you can see, after all the anticipation there is concern whether or not the launch can handle the traffic. This is concerning to me as it should be to anyone holding and supporting ADA. I have been a longtime holder and supporter but am “cautiously optimistic” at best. Anyone have thoughts?
Source:
MMA_Crypto