Layer 3 Degen Chain hasn’t produced a block in 11 hours
The outage began unexpectedly, with the network ceasing to validate new transactions for over 11 hours, according to its block explorer . This disruption came to light when the network stalled at block #15524774 around 4:15 p.m. ET on Sunday.
The downtime has rendered various decentralized applications and bridges on Degen Chain — including Relay bridge, DegenSwap, Mint Club, and Frogswap — completely inoperative. As such, users of these platforms are currently unable to perform any transactions.
Degen Chain, which operates on the Arbitrum Orbit tech stack, primarily settles on Base and utilizes the AnyTrust protocol for ensuring data availability.
Syndicate, a Web3 infrastructure provider, released Degen Chain in late March. It currently hosts $2.6 million in total value locked (TVL), according to DeFiLlama.
The chain uses Degen as its native gas token instead of ETH. Degen is an ERC-20 token on Base and was created in the Degen channel on Farcaster in January 2024.
Interestingly, the current network issues have not impacted the on-chain activities of the Degen token on Base, which continues to operate without disruption.
Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.Address：https://www.j56.xyz/markets/7180.html
