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Degen Chain Stops Producing Blocks
The L3 Base network hasn't produced a block in nearly 20 hours.
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Degen Chain, an L3 network on Base developed by Syndicate for the DEGEN memecoin, has stopped producing blocks for over 19 hours as of 4:15 p.m. ET yesterday.
What's the scoop?
- Unexpected Downtime: Yesterday afternoon, the L3 stopped validating new transactions, affecting all of its services.
- Inoperative Services: Top platforms on the chain, like Relay Bridge, DegenSwap, Mint Club, and Frogswap cannot process transactions.
- Working on a Fix: The Degen Chain team is working with Conduit, the rollup infrastructure platform powering Degen chain, to restore functionality.
- Despite the halt in block production on Degen Chain, DEGEN the token continues to work on Base, though it's down ~8% over the past 24 hours. DEGEN is also used for gas on the L3.
Bankless Take:
Degen Chain's struggle with downtime demonstrates the newness of technologies like L3s and the costs of sacrificing decentralization for scalability. That said, a fresh L3 chain going down is not quite the same headline as a chain like Solana facing similar problems. It may just be a sign of growing pains, especially given the chain’s popularity — having recently beat out chains like Base and Arbitrum by processing more transactions on certain days. For a chain less than two months old, that’s pretty impressive.
