A major outage struck Arbitrum, one of the leading layer-2 scaling solutions aimed at improving Ethereum’s efficiency, on Thursday morning.
According to Arbitrum’s status page, the network’s sequencer and feed stalled at 10:29am ET likely due to a surge in traffic.
“The Arbitrum One Sequencer and Feed stalled at 10:29 a.m. ET during a significant surge in network traffic. We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible” Arbitrm Status Said.
Prior to the halt, Arbitrum, which settles Ethereum transactions off-chain before batching them back to the mainnet, had processed over 22 million transactions to date. The network also accounted for $2.3 billion in total value locked across its decentralized finance ecosystem.
This latest incident, which developers are urgently working to fix, is not Arbitrum’s first rodeo. Back in January, a bug drained the network’s sequencer of Ether, forcing developers to manually add funds to resume operations.
However, the team promised a full post-mortem of today’s sequence of events.
