Layer 3 Degen Chain hasn’t produced a block in 11 hours
Quick Take
- Layer 3 Degen Chain is experiencing operational downtime.
- The network stopped at block #15524774 and has not produced a block for over 11 hours.
Update: May 15, 3:25 am EDT. Degen Chain stated that the network was back up and running after an outage that lasted for more than 50 hours.
Degen Chain, a Layer 3 Ethereum-based blockchain developed for the Degen meme token, appears to have encountered operational downtime, halting the production of new blocks and affecting its associated services.
The network has not validated new transactions for over 11 hours, according to its block explorer.
This disruption came to light when the network stalled at around 4:15 p.m. ET on Sunday. The downtime has rendered various decentralized applications and bridges on Degen Chain — including Relay bridge, DegenSwap, Mint Club, and Frogswap — completely inoperative. As such, users of these platforms are currently unable to perform any transactions.
The team at Degen Chain said it is in the process of resolving downtime in collaboration with the rollup infrastructure platform Conduit. Conduit also reported a major block reorganization that needed to be addressed.
RELATED INDICES
Degen Chain, which operates on the Arbitrum Orbit tech stack, primarily settles on Base and utilizes the AnyTrust protocol for ensuring data availability.
Syndicate, a Web3 services provider, led the development of Degen Chain in late March. It currently hosts $2.6 million in total value locked (TVL), according to DeFiLlama.
The chain uses Degen as its native gas token instead of ETH. Degen is an ERC-20 token on Base and was created in the Degen channel on Farcaster in January 2024.
Interestingly, the current network issues have not impacted the on-chain activities of the Degen token on Base, which continues to operate without disruption.
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