Layer-3 network Degen Chain has not produced a block in 53 hours.
Ethereum's layer 3 blockchain Degen Chain has not been able to confirm a transaction or produce a new block for more than 53 hours.
The Degen Chain was halted on May 12 at 8:15pm UTC – the last time the network processed a new block, according to Block Explorer.
It is one of the few layer 3 blockchains that resolve transactions on a layer-2 network. Ethereum Layer 2 uses Base Chain for settlement and the AnyTrust protocol for data availability functions.
In a May 14 X post, the official Daegon chain account said it is working with its development partner – package infrastructure platform Conduit – to resolve the hiatus.
Conduit said the downtime could be due to a “custom configuration change” that halted production of the Dagen chain and game network Apex.
The nodes added to the Degen Chain are being resynchronized from the genesis block, the first block on the network.
“We are working with both teams and Offchain Labs to restore the service and minimize the impact on users,” Conduit said on X.
According to Degen Chain, the current estimates are that the network will resume operation after a “resync” takes place, currently on May 15 at 1:00 pm UTC (6:00 am PST on May 15).
Degen Chain – originally developed for its homegrown memecoin Degen (DEGEN) – also hosts decentralized applications including DegenSwap, Mint Club, and bridging service Relay Bridge, all of which are currently inactive due to blockchain disruption.
The network's native DEGEN token fell 24% from a seven-day high of $0.02 to $0.015 on May 13, according to CoinGecko data.
Layer 3 block chain has been a controversial topic in the crypto industry. Polygon CEO Marc Boiron said last month that Layer 3 “lives to take the price of Ethereum and to [layer 2s] Where L3s are built.
Layer 3 proponents, such as Patrick McCoury, a researcher at the Arbitrum Foundation, say that Layer 2 networks act as a settlement layer, making transactions cheaper and “seem to be a no-brainer.”
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