Degen

Degen Chain, a specialized Layer 3 blockchain developed on the Ethereum network for the Degen meme token, has faced major operational issues. The creation of new blocks has ceased, impacting related services.&nbsp; 
The issue started at approximately 4:15 p.m. ET on Sunday and was first noticed when block #15524774 failed to proceed. This <a href="https://explorer.degen.tips/" target="_blank" rel="noopener">resulted </a>in over 17 hours of downtime, during which no new transactions could be validated. 
This outage has substantially affected several decentralized applications (dApps) and bridge services operating on the Degen Chain. Critical platforms, including Relay Bridge, DegenSwap, Mint Club, and Frogswap, are currently inactive, leaving users unable to execute transactions. 
The technical team at Degen Chain has recognized the problem and is working hard to fix it. To speed up the repair process, they are teaming up with Conduit, a platform that supports blockchain operations. 
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 We're currently experiencing a delay with Farcaster data on Dune and are actively working with <a href="https://twitter.com/DuneAnalytics?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@DuneAnalytics</a> to address this issue. Additionally, the L3 chain is facing some downtime; we're in the process of resolving this with <a href="https://twitter.com/conduitxyz?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@conduitxyz</a>. We appreciate your patience!— Degen 🎩 (@degentokenbase) <a href="https://twitter.com/degentokenbase/status/1789944238731297188?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 13, 2024</a>
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Updates on the progress are awaited. The cause of the downtime has not been disclosed yet, and further details are expected as the investigation continues. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read: <a href="https://www.cryptotimes.io/2024/05/13/runes-protocol-activity-drops-after-initial-frenzy/">Runes Protocol Activity Drops After Initial Frenzy</a> 
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Network Disruption Halts Degen Chain Operations

The Crypto Times

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