Blast

Orbit

Impact

Block

<h2 id="key-points">Key Points</h2>
<ul>
 <li>The Blast network has halted block production due to complications associated with Ethereum’s Dencun upgrade.</li>
 <li>Several protocols, such as Orbit Protocol, Ring Protocol, and Pac Finance, are built on or have expanded to the Blast network.</li>
</ul>
<p>The Blast network, an experimental Layer 2 network constructed on the foundation of <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>, has ceased generating blocks. This interruption occurred approximately at 14:05 GMT, as per a Blast block explorer.</p>
<h2 id="ethereum-s-dencun-upgrade-causes-issues">Ethereum’s Dencun Upgrade Causes Issues</h2>
<p>The halt in block production is attributed to issues stemming from Ethereum’s Dencun upgrade. The project’s core engineering contributors are currently working on a solution, with an estimated completion time of 30 to 60 minutes.</p>
<h2 id="impact-on-the-blast-network">Impact on the Blast Network</h2>
<p>The Blast network is renowned for offering native yield on assets. The network’s total value locked in smart contracts, or held within its Ethereum multi-sig wallet, is approximately $2.96 billion. This information is according to L2 Beat, a reliable source for Layer 2 data.</p>
<p>The Blast network has been a platform for the development or expansion of several protocols. These include Orbit Protocol, Ring Protocol, and Pac Finance, which have all utilized the Blast network in their operations.</p>

Ethereum’s Dencun Upgrade Halts Block Production on Blast Network

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