Zilica’s on-chain transactions have fallen amid a ‘technical problem’

The $383 million Zilica ecosystem is experiencing disruption due to a “stressful situation” affecting its network.

According to a post from the developers on December 18th, the Zilica blockchain experienced a “technical issue that caused an outage to suspend production.” Blockchain data shows that daily transactions on Zelica fell by 50% to 30,906, compared to an average of 61,000 over the past few days.

Activity has since stalled, with the last transaction occurring around 11 am UTC, and no new blocks have been created since then. “The team is working hard to restore the network,” Zilica CEO Matt Dyer wrote in a follow-up.

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“This unexpected challenge is our top priority and our technical team is working to identify and resolve the issue,” the developers said, warning that all partners should “temporarily stop any deposits or withdrawals on the network” as the issue is being resolved.

However, developers stressed that “funds are SAFU”, and users who still cannot see token balances in their Zilliqa wallets can check their on-chain wallet balances using the Zilliqa Block Browser after reporting.

“No action is required on the end users. Zilika's official Discord Community Moderator said.

Dear community, we are writing to inform you of a serious situation that is currently affecting the Zilica blockchain network.

The network is currently experiencing a technical problem that has caused an outage to suspend production. This unexpected challenge is our main…

— Zilliqa (@zilliqa) December 18,

In the year Founded in Southeast Asia in 2017, Zelica launched its mainnet next year and is committed to blockchain scalability and metaverse ventures. The network has processed 61.4 million transactions since its inception. Even before the current network outage, the Zilica blockchain saw a few transactions per second in terms of usage.