Arbitrum, a layer-2 blockchain on Ethereum, announced on Friday that its systems were back to full functionality following a temporary outage.
Arbitrum (ARB), a layer-2 blockchain on Ethereum, announced on Friday that its systems were back to full functionality following a temporary outage caused by a surge in Bitcoin Ordinals-inspired inscriptions. The incident prompted a sequencer to halt, resulting in an hour and a half of disrupted service.
According to Hildobby, a data researcher at venture capital firm Dragonfly, approximately 90% of transactions were inscriptions before the chain came to a stop. They highlighted that inscriptions had been steadily increasing in the hours leading up to the halt, with a particular inscription named "fair" triggering the disruption.
Arbitrum provided a status update on Friday afternoon, stating that gas prices on the network had stabilized and that all operations had returned to normal. The team is actively gathering more information about the incident and plans to share a comprehensive post-mortem analysis in the coming days.
Similar situations involving Ordinals-like tokens have been observed on other blockchains. Polygon encountered increased volumes and gas fees last month as a result of similar transactions.
Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
