Blast Blockchain Locks Up Amid Ethereum’s Dencun Upgrade
Blast, the 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 attributable to points associated to Ethereum’s Dencun improve.”
Amid the snafu, Blast competitor Arbitrum introduced that it’ll take 24 hours to combine components of the Dencun improve, which is able to in the end immediate a discount in Ethereum charges.
The Blast mainnet went dwell 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% immediately after being issued on March 8.
The Blast Mainnet has stopped producing blocks attributable to 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 dwell (eta 30-60 min).
— Blast (@Blast_L2) March 13, 2024
