Layer-2 Disruption: Ethereum Faces Outage Amid Dencun Upgrade Rollout,What happened?

Following the much-anticipated launch of the Dencun upgrade on the Ethereum mainnet, Blast, an emerging Ethereum layer-2 scaling network, has encountered an outage, ceasing block production. The Blast team acknowledged the issue via Twitter at 10:41am ET and assured users of ongoing efforts to resolve it.

The Ethereum Dencun upgrade has resulted in the interruption of block production on the Blast mainnet

The interruption in block production on Blast's Mainnet is attributed to complications arising from Ethereum's Dencun upgrade. The core engineering team is actively addressing the issue, with an expected fix within 30-60 minutes, as per the Blast team's tweet.

Blast Mainnet Launch: Over $2.3 Billion Locked in Ethereum Bridge, Followed by Post-Launch Withdrawals

Blast recently launched its mainnet on February 29, following an extensive buildup period. The launch saw users lock up over $2.3 billion worth of crypto funds in the network's Ethereum bridge. However, the tally initially decreased as users withdrew their funds post-launch.

Resilience Amidst Outage: Ethereum Network Sees Continued Fund Injections, Surpasses $2.9 Billion TVL

Despite the outage, users have continued to inject funds into the network, attracted by emerging DeFi protocols and potential token airdrop opportunities. Currently, over $2.9 billion in Total Value Locked (TVL) is recorded in the network, reflecting sustained interest despite the temporary setback.

Blast: A Strategic Approach with Airdrop Incentives in Ethereum NFT Market

Developed by the team behind Blur, a leading Ethereum NFT marketplace, Blast employs airdrop incentives to vie for market share against rival platforms. This strategic approach aligns with the team's goal of expanding its network and enhancing user engagement.