The decentralized prediction market leader Polymarket has experienced a downtime, exposing the current vulnerabilities of Web3 applications in the face of high concurrent traffic, where the frontend or underlying infrastructure still has the risk of centralized single points of failure.
As one of the hottest sectors recently, Polymarket's failure may lead to a short-term outflow of funds to competitors or cool down the enthusiasm of the entire prediction market sector.
Short-term advice is to avoid tokens in the prediction market sector. This also reminds us that decentralized applications are not absolutely secure, and large amounts of funds should still be stored in a distributed manner. Attention can be given to decentralized infrastructure, such as DePIN and RPC nodes, as they are key to solving such problems. $BTC
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