1 week ago
Base, Coinbase’s (COIN) Ethereum layer-2 scaling product, crushed to a halt for the archetypal clip since its 2023 debut, disabling captious functions including artifact production, deposits, withdrawals and flashblock operations for 29 minutes earlier work resumed.
The incidental occurred astatine 06:15 UTC arsenic a effect of an “unsafe caput delay," according to Base’s incidental status page. That is simply a method responsibility disrupting the network's quality to corroborate and nutrient blocks.
The squad responded astatine 6:43 UTC that it was investigating the stoppage, and conscionable a infinitesimal aboriginal reported the contented had been identified and resolved, with monitoring enactment successful spot to guarantee nary further complications emerged.
Though brief, the outage is important fixed Base's anterior grounds of uninterrupted uptime and its increasing relation successful the Ethereum layer-2 ecosystem. Since its introduction, Base has accrued $4.2 cardinal successful full worth locked (TVL). A important information of this, immoderate $1.5 billion, is tied to the Morpho lending protocol, according to information from DeFiLlama.
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