Blast, the layer-2 community created by Blur founder Tieshun Roquerre, halted on March 13 after a serious Ethereum improve shipped.
L2 protocol Blast stopped block manufacturing following the deployment of Dencun, an Ethereum replace designed to slash gasoline charges on layer-2 options. The Blast workforce didn’t specify the Dencun-related points; nonetheless, on-chain information confirmed that the Blast mainnet ceased finalizing transactions for practically an hour.
Core engineering contributors are engaged on a repair. We’ll share an replace and autopsy as soon as the repair is reside. ETA 30-60 minutes.
Blast workforce on X
Roquerre, generally generally known as Pacman, raised over $20 million in a funding spherical led by Paradigm and Commonplace Crypto late final yr for the venture. Blast was initially a multi-sig tackle the place early supporters may deposit Ether (ETH) and accumulate factors. Airdrop hypothesis additionally incentivized deposits.
Blast L2 had a $2.3 billion complete worth locked (TVL) at its peak per DefiLlama however nosedived under $650 million after withdrawals had been enabled earlier this month. At press time, its TVL has surged again above $1 billion.
The most recent replace from the workforce mentioned operations had been returned to regular, and an evaluation was underway.
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