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Ethereum-Based Layer 3 Blockchain Degen Halted for Over 12 Hours
Degen Chain, an Ethereum-based layer 3 blockchain network, has suffered a major setback, highlighting one of the key challenges in the blockchain industry. For over 12 hours and counting, the protocol has been unable to produce blocks, halting all activities on the chain, including buying and selling cryptocurrencies.
According to the network explorer, the outage caught users off guard on Sunday evening, as the protocol abruptly ceased validating new transactions at the block height of #15524774.
Working to Restore the Network Activities
Due to the sudden downtime, many decentralized applications (dApps), including blockchain bridges operating on the Degen Chain, have become inactive. As a result, users interacting with these projects, such as DegenSwap, Mint Club, and Frogswap, have completely lost access to their assets on the platforms until the network is fully back online.
In response to th
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