dYdX Blockchain Halts During Upgrade

The dYdX exchange had a problem during a system upgrade. This is a big issue since it’s the first major stoppage since the launch of dYdX version 4. This version started in October. The trouble began at 6:50 a.m. UTC. Right after that, the creation of new blocks stopped. The engineers at dYdX are now trying to fix this problem.

dYdX Upgrade Leads to Unexpected Stoppage

The dYdX Chain was getting an important update today. This update was supposed to improve how things work. The maintenance work finished at 6:30 a.m. UTC. But 20 minutes later, everything stopped working. This has made the dYdX team and those who check the network work hard to find a solution.

Team Working on a Fix

The team plans to reconvene at 3 p.m. UTC, aiming to devise an effective resolution. This pause allows for a thorough exploration of potential fixes, ensuring network validators can participate without the risk of being sidelined for not being online at a critical moment. Interestingly, even with these technical hurdles, the dYdX token has seen a 4% increase in value over the last 24 hours.