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dYdX is facing a chain halt amid a scheduled upgrade, marking its first major outage since the launch of its fourth version.
Cosmos-based dYdX Chain stopped producing blocks on Apr. 8 shortly after the network underwent a scheduled upgrade to its fourth version. According to the project’s status page, the issue “continues to be investigated,” adding that it’s been “agreed to reconvene with the validators around 15:00 UTC.”
“This means that the devs won’t suggest a workaround or a fix until then so that the validators won’t get jailed for not being online when the chain restarts.”
The dYdX Chain team
As per data from Mintscan, the dYdX Chain stopped producing at around 6:50 a.m. UTC, marking it one of the first major outages for the dYdX ecosystem since its migration from Ethereum to Cosmos. The latest incident comes just a few days after Starknet, a layer-2 solution on Ethereum, also stopped producing blocks due to a rounding error bug. As of press time, dYdX made no public statements on social media regarding the matter.
dYdX launched its dYdX Chain in October 2023, enabling DYDX token holders to transfer funds from the Ethereum network to the new platform, thus expanding the token’s utility. The project unveiled its decision to migrate from Ethereum in early 2022, citing concerns over the network’s scalability issues.
Read more: dYdX published open source code of its blockchain