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Degen Chain Back Online After Two Days Down 

Last Updated 6 days ago
Shraddha Sharma
Last Updated 6 days ago

Key Takeaways

  • Degen Chain is back online after a halt in block production for 2 days.
  • Users faced difficulties in confirming transactions due to delayed indexing.
  • Conduit, the managing entity, temporarily shut down the chain to implement necessary fixes.

Will Papper, co-founder of the decentralized investing protocol Syndicate, disclosed that Degen Chain faced operational challenges. After the disruption, the chain is back online. 

Degen is a Layer 3 blockchain developed by Syndicate and powered by Base. The chain experienced an extensive block reorganization involving 500,000 blocks, which took the chain offline for over 2 days.

Degen Chain Back Online 

CCN previously reported that Degen Chain block reorganization triggered an 11-hour halt in block production on May 13.

Degen is a Layer 3 blockchain developed by Syndicate and powered by Base. The chain experienced an extensive block reorganization involving 500,000 blocks, which halted production for several hours.

On May 15, the chain is back online after a downtime of almost 48 hours. Degen users faced difficulties confirming transactions during the disruption due to delayed indexing. 

Conduit, the managing entity, temporarily shut down the chain to implement necessary fixes. It has now been confirmed that users can submit transactions using the public RPC. At press time, 96% of the blocks are indexed

The managing entity said, “To bring the network online as soon as possible, a few (<5) addresses were filtered during the replay process. These addresses have tens of millions of failed transactions and were stalling the replay process.”

Will Papper, the co-founder of the decentralized investing protocol Syndicate, revealed the issues. According to  the executive, it was primarily due to a large block reorganization involving 500,000 blocks, which led to temporary disruptions. 

Papper explained, “The affected block number is 15043908. Bridging in particular may take longer to resolve. Conduit is communicating with Decent and Reservoir, the two primary bridge providers.”

This reorg forced the blockchain explorer to play catch-up in indexing, affecting users’ ability to confirm transactions.

Indexing is crucial for users to verify transactions and the current state of the blockchain.

State of the Network Amid The Disruption

The Degen Chain is a specialized  Layer 3 network that is powered by Coinbase’s Base. It is built on top of a Layer 2 solution—Arbitrum Orbit—which itself operates on top of the Layer 1 Ethereum blockchain. Base serves as the settlement layer while offering full Ethereum Virtual Machine (EVM) compatibility. The primary purpose of the Degen Chain is to cater to the Degen community associated with Warpcast, a platform that emphasizes decentralized social media interactions.

According to CoinGecko, the DEGEN token, central to the Degen Chain, started as a meme coin. But it has evolved into a community token for Warpcast’s users.

The chain has an average block time of just 0.352 secondsAccording  to Degen Explorer, indicating fast processing of transactions.

On May 13, the chain completed over 66.11m transactions and has over 13.096m accounts and 14.293m addresses. In terms of infrastructure, the Degen Chain has generated a total of around 15.518m blocks and has registered 44.626K contracts, with 1.771K of these contracts being verified

Despite no new contracts being deployed on May 13, several contracts were verified later, reflecting ongoing quality assurance activities. 

Additionally, there have been 5.836m DEGEN token transfers among users, and the network supports 24.823K different tokens. 

The total number of transactions on the Degen Chain has reached 105.046m, demonstrating high activity and user engagement on the platform. The DEGEN token has taken a 9% hit  after the incident. The token has now shown recovery with 4% gains in one day. 

What to Expect?

Degen Chain’s fixes have reportedly restored the full functionality of the network. The DEGEN token has also recovered in price.

The block reorganization not only affected the chain’s ability to produce new blocks but also impacted asset transfers and transaction verification.

However, the reason behind the block reorg is still unclear and further commentary is expected from the protocol. Meanwhile, a few addresses with failed transactions were filtered during the replay process. 

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