Blast, the just lately launched layer-2 blockchain, froze up Wednesday amid Ethereum’s main Dencun improve.
Blast, which is constructed atop Ethereum and due to this fact intrinsically linked to it, posted on X that its mainnet “has stopped producing blocks as a consequence of points associated to Ethereum’s Dencun improve.”
Amid the snafu, Blast competitor Arbitrum introduced that it’s going to take 24 hours to combine parts of the Dencun improve, which is able to finally immediate a discount in Ethereum charges.
The Blast mainnet went reside on Feb. 29 after attracting $2.3 billion value of deposits following its announcement in November.
The community’s largest protocol, Orbit Finance, skilled a 32% rise in whole worth locked (TVL) to $431 million over the previous 24 hours. The rise could not deter a plunge within the worth of Orbit’s native token, which is down by greater than 20% right now after being issued on March 8.
The Blast Mainnet has stopped producing blocks as a consequence of points associated to Ethereum’s Dencun improve.
Core engineering contributors are engaged on a repair. We’ll share an replace and autopsy as soon as the repair is reside (eta 30-60 min).
— Blast (@Blast_L2) March 13, 2024
