Binance Provides Updates Regarding Terra (LUNA) Network Congestion

According to the latest blog post on Binance’s official Twitter account, the Terra (LUNA) Network is witnessing a lag and traffic. As a result, a large number of withdrawals on the Terra network were left pending. Updates on Terra (LUNA) network congestion. The network is experiencing slowness and congestion, which is intermittently causing a high volume of pending Terra network withdrawal transactions on Binance.https://t.co/q6Ws8RJAk2 — Binance (@binance) May 12, 2022 Binance Responds to Congestion in the Terra (LUNA) Network Terra network is currently witnessing a lag and traffic, resulting in many Terra network withdrawal activities on Binance that are currently waiting. The Binance team claims that they are always checking the network’s performance and aiming to deliver the best conceivable experience for all Binance users. According to the Binance team, users should remember that there might be some times when Terra (LUNA) network withdrawals are momentarily suspended due to network problems. They also promised to keep all users updated on their blog and Twitter. Withdrawals in Hiatus Terra (LUNA) network withdrawals were momentarily put on hold between 12th May 01:30 AM and 12th May 06:10 AM (UTC) because of the many outstanding withdrawal requests. Due to the overburdened infrastructure, just 6 to 9 withdrawals a minute could be transmitted over the network. Amid the hiatus, Binance rejected all outstanding withdrawal ...