The Secret Network team announced on Twitter a few hours ago that it was experiencing an abnormally high network demand, resulting in the slowness of the blockchain. The high network demand is due to the very high claims volume for the Shade Protocol airdrop. The team added that it is currently working to mitigate the situation.
Secret Network is an interoperable blockchain infrastructure that aims to enable computational privacy for general-purpose smart contracts. SCRT is trading at $5.48 at press time, up by more than 5% in the last 24 hours.