Arbitrum suffers ‘partial outage’ amid traffic influx

Developers blamed “a significant surge in traffic” for the problem

article-image

CryptoFX/Shutterstock modified by Blockworks

share

A “significant surge in traffic” resulted in a “partial outage” of the Ethereum-based layer-2 network Arbitrum on Friday.

The problem involved Arbitrum’s sequencer. Sequencers are key components of layer-2 networks, serving to process and order transactions in blocks that are then added to the core network — in this case, Ethereum.

The outage has lasted nearly two hours, according to Arbitrum’s status page. “We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible,” the team wrote in a post on X.

Arbitrum’s sequencer suffered a two-hour outage in early June, as Blockworks previously reported. That outage was the result of a software bug, developers said at the time. 

Arbitrum is Ethereum’s largest layer-2 network, encompassing $2.34 billion in total value locked (TVL) and roughly $720 million in transaction volumes over the past day, according to DefiLlama data. 

Layer-2 networks like Arbitrum are designed to offload some transaction volume off the main chain. 

This is a developing story.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg

Research

In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.

article-image

BUZZ holds shares of Coinbase, Robinhood and MicroStrategy

article-image

Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile

article-image

The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally

article-image

While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders

article-image

Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume

article-image

DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit