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Home » Altcoins » Network traffic surge stalls Arbitrum One
Altcoins

Network traffic surge stalls Arbitrum One

Crypto Observer StaffBy Crypto Observer StaffDecember 15, 2023No Comments2 Mins Read
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At press time, the Arbitrum One network had been down for over 60 minutes due to sequencer and feed issues. 

According to the network’s status page, Arbitrum, a top Ethereum scaling solution, experienced downtime on Dec. 15. The dashboard classified the incident as a “major outage”, noting that a probe was underway to discover the root cause and deploy a fix.  

The Arbitrum One Sequencer and Feed stalled at 10:29 a.m. ET during a significant surge in network traffic. We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible

Arbitrum status update

Arbitrum’s layer-2 network had processed over 22.29 million transactions, according to l2beat before the halt, and boasted a total value locked of $2.3 billion DefiLlama data.

The L2 scaling blockchain settles on-chain transactions off Ethereum’s mainnet, offering cheaper gas fees and aiming to decongest defi’s largest blockchain.

Arbitrum blocks stall | Source: Arbiscan

This is not the first time Arbitrum has stalled. In June 2023, defi’s largest L2 network came to a standstill for over an hour due to a bug in its sequencer. The issue caused Arbitrum’s sequencer to revert batches on-chain, eventually draining the sequencer of Ether (ETH). Developers manually topped up the sequencer, fixed the bug, and returned the L2 network to normalcy.

Read the full article here

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