Ethereum

Arbitrum

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 <p class="is-style-lead">At press time, the Arbitrum One network had been down for over 60 minutes due to sequencer and feed issues.&nbsp;</p>
 <p>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.&nbsp;&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p>The Arbitrum One Sequencer and Feed <a rel="noopener noreferrer nofollow" title="stall" href="https://thebittimes.com/tag/stall.html">stall</a>ed at 10:29 a.m. ET during a significant <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> in network <a rel="noopener noreferrer nofollow" title="traffic" href="https://thebittimes.com/tag/traffic.html">traffic</a>. We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible</p> <cite>Arbitrum status update</cite>
 </blockquote>
 <p>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.</p>
 <p>The L2 scaling blockchain settles on-chain transactions off Ethereum’s mainnet, offering cheaper gas fees and aiming to decongest defi’s largest blockchain.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> CoinGecko reports Arbitrum is largest L2 solution
 </div>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14228186">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/12/16/1e573c149fba1832b6b6351317fb1769.webp.webp">
   <img decoding="async" width="1024" height="606" src="https://cdn.thebittimes.com/images/2023/12/16/1e573c149fba1832b6b6351317fb1769.webp" alt="Arbitrum"> 
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  <figcaption class="wp-element-caption">
   Arbitrum blocks <a rel="noopener noreferrer nofollow" title="stall" href="https://thebittimes.com/tag/stall.html">stall</a> | Source: Arbiscan
  </figcaption>
 </figure>
 <p>This is not the first time Arbitrum has <a rel="noopener noreferrer nofollow" title="stall" href="https://thebittimes.com/tag/stall.html">stall</a>ed. 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.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Arbitrum to launch 500k ARB donation programs this winter
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/network-traffic-surge-stalls-arbitrum-one-tbt73844.html">https://thebittimes.com/network-traffic-surge-stalls-arbitrum-one-tbt73844.html</a></p>

Network traffic surge stalls Arbitrum One

TheBitTimes

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