Last upgraded: March 13, 2024 19:33 EDT|2 minutes checked out
A Blast block explorer has actually reported that the Blast network had actually experienced an interruption in block production throughout the Ethereum Dencun upgrade. No blocks have actually been produced because around 14:05 GMT.
Developed as a speculative layer-2 option on Ethereum, the Blast network provides a native yield on possessions. The layer-2 blockchain group stated a complete analysis has actually been done on the problem, and it will be shared quickly.
Blast Network Experiences Block Production Halt Due to Ethereum Upgrade
The Blast Mainnet has actually stopped producing blocks due to concerns associated with Ethereum's Dencun upgrade.
Core engineering factors are dealing with a repair. We'll share an upgrade and post-mortem when the repair is live (eta 30-60 minutes).
— Blast (@Blast_L2) March 13, 2024
According to a statement published on X by the Blast task, the stop in block production is credited to concerns emerging from Ethereum's Dencun upgrade.
The Dencun upgrade, a substantial upgrade for the Ethereum network, was released previously in the day. According to Blast Scan information, block production stopped around 10:00 AM ET following the upgrade.
Upon finding the concern, the Blast group quickly reacted, with their core engineers actively working to discover a service. They offered an approximated timeframe of 30 to 60 minutes for executing the repair. After around an hour, the Blast group upgraded that operations had actually gone back to typical, and complete analysis of the occurrence will be released quickly.
Update: the problem has actually been solved.
A complete analysis on the concern will be shared quickly. https://t.co/Ggw05W3g3b
— Blast (@Blast_L2) March 13, 2024
Furthermore, they revealed updates to the Blast node repository and supplied assistance for users experiencing deal concerns throughout the downtime. They shared directions for MetaMask and Rabby users and discussed continuous efforts to update Blast nodes with Infura and BlockPi.
Blast Network Gathered $2.96 billion Total Value Locked worth while Dencun Upgrade Unfazed by Optimism's Block Production Activities
According to information from L2 Beat, the overall worth secured clever agreements on the network, including its Ethereum multi-sig wallet, stands at around $2.96 billion. Numerous procedures, such as Orbit Protocol, Ring Protocol, and Pac Finance, have actually been established on the Blast network or broadened to incorporate with it.
In the last 24 hours, the biggest procedure within the network, Orbit Finance, saw a big uptick in overall worth locked (TVL), increasing by 32% to reach $431 million. In spite of this rise in TVL, the native token of Orbit experienced a noteworthy decrease in worth, dropping by over 20% today. This decrease follows the token's issuance on March 8.
Blast dealt with preliminary examination for getting deposits to a multisig wallet before its layer 2 went live. In spite of this, it gathered $2.3 billion in deposits. Following its launch on the mainnet in late February,
