{"id":565586,"date":"2023-12-16T01:00:56","date_gmt":"2023-12-16T01:00:56","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=565586"},"modified":"2024-06-11T14:43:20","modified_gmt":"2024-06-11T14:43:20","slug":"arbitrum-network-faces-major-outage-arb-token-faces-4-decline","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/arbitrum-network-faces-major-outage-arb-token-faces-4-decline\/","title":{"rendered":"Arbitrum Network Faces Major Outage, ARB Token Faces 4% Decline"},"content":{"rendered":"

Arbitrum (ARB), a prominent Ethereum <\/span>scaling solution,<\/span><\/a> encountered a significant downtime event on December 15, according to the network’s <\/span>status page<\/span><\/a>.\u00a0<\/span><\/p>\n

The incident prompted an immediate investigation into the root cause and the deployment of a fix. As of the time of writing, the Arbitrum One network remained inaccessible for over 60 minutes due to sequencer and feed issues.<\/span><\/p>\n

Arbitrum Struggles With Network Downtime<\/span><\/h2>\n

The status update from Arbitrum acknowledged the problem, <\/span>stating <\/span><\/a>that the Arbitrum One Sequencer and Feed stalled at 10:29 AM ET amidst a notable surge in network traffic.\u00a0<\/span><\/p>\n

Notably, Martin K\u00f6ppelmann, co-founder of Gnosis, <\/span>alleged <\/span><\/a>that the outage experienced within the Arbitrum network was a result of ordinals. K\u00f6ppelmann remarked that the stress testing of various blockchains using ordinals had led to the disruption, stating, “Ordinals stress testing various blockchains is certainly entertaining to watch. Now they brought the Arbitrum sequencer down.”<\/span><\/p>\n

Related Reading: Crypto Analyst Who Predicted Bitcoin 2023 Bull Run Releases New Target<\/a><\/div>\n

In addition to the sequencer and feed issues, Arbitrum also <\/span>encountered <\/span><\/a>a halt in block production, ceasing to generate new blocks approximately 1.5 hours ago. The impact of this stoppage on the network’s overall functionality and transaction processing remains a concern for users and stakeholders.<\/span><\/p>\n

The investigation into the root cause of the downtime is crucial for understanding the underlying technical issues and preventing similar disruptions in the future. Users and industry participants eagerly await the post-mortem analysis from Arbitrum, which will provide a <\/span>detailed account<\/span><\/a> of the incident and the proposed remedial measures.<\/span><\/p>\n

ARB Thrives Despite Market Volatility<\/span><\/h2>\n

Over the past 24 hours, the <\/span>ARB token <\/span><\/a>experienced a decline of 4.94%, reflecting short-term market fluctuations. However, the token has demonstrated relative stability when considering its performance over longer timeframes.<\/span><\/p>\n

\"Arbitrum
The 1-day chart shows ARB’s downtrend over the past 24 hours. Source: ARBUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

In the last 180 days, ARB has shown a <\/span>significant growth<\/span><\/a> of 17.76%, indicating a positive trend for long-term investors.<\/span><\/p>\n

Related Reading: Crypto Expert Says Cardano Will Rise To $32 As Most Valuable Altcoin In The Bull Run, Here\u2019s Why<\/a><\/div>\n

According to Token Terminal <\/span>data<\/span><\/a>, Arbitrum currently boasts a circulating market capitalization of $1.49 billion, with a fully diluted market capitalization of $11.69 billion.\u00a0<\/span><\/p>\n

Revenue generated by the project has experienced significant growth over the past 30 days, with a notable increase of 68.00%. The revenue projection on an annualized basis stands at $85.97 million, highlighting the project’s ability to generate sustainable income.<\/span><\/p>\n

Moreover, Arbitrum has witnessed a rise in active users, with a daily average of 166.37 thousand participants over the past 30 days. This growth in user adoption suggests increasing interest and utilization of the Layer 2 scaling solution.<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Arbitrum (ARB), a prominent Ethereum scaling solution, encountered a significant downtime event on December 15, according to the network’s status page.\u00a0 The incident prompted an immediate investigation into the root cause and the deployment of a fix. As of the time of writing, the Arbitrum One network remained inaccessible for over 60 minutes due to sequencer and feed issues. Arbitrum Struggles With Network Downtime The status update from Arbitrum acknowledged the problem, stating that the Arbitrum One Sequencer and Feed stalled at 10:29 AM ET amidst a notable surge in network traffic.\u00a0 Notably, Martin K\u00f6ppelmann, co-founder of Gnosis, alleged that the outage experienced within the Arbitrum network was a result of ordinals. K\u00f6ppelmann remarked that the stress testing of various blockchains using ordinals had led to the disruption, stating, “Ordinals stress testing various blockchains is certainly entertaining to watch. Now they brought the Arbitrum sequencer down.” Related Reading: Crypto Analyst Who Predicted Bitcoin 2023 Bull Run Releases New Target In addition to the sequencer and feed issues, Arbitrum also encountered a halt in block production, ceasing to generate new blocks approximately 1.5 hours ago. The impact of this stoppage on the network’s overall functionality and transaction processing remains a concern for users and stakeholders. The investigation into the root cause of the downtime is crucial for understanding the underlying technical issues and preventing similar disruptions in the future. Users and industry participants eagerly await the post-mortem analysis from Arbitrum, which will provide a detailed account of the incident and the proposed remedial measures. ARB Thrives Despite Market Volatility Over the past 24 hours, the ARB token experienced a decline of 4.94%, reflecting short-term market fluctuations. However, the token has demonstrated relative stability when considering its performance over longer timeframes. In the last 180 days, ARB has shown a significant growth of 17.76%, indicating a positive trend for long-term investors. Related Reading: Crypto Expert Says Cardano Will Rise To $32 As Most Valuable Altcoin In The Bull Run, Here\u2019s Why According to Token Terminal data, Arbitrum currently boasts a circulating market capitalization of $1.49 billion, with a fully diluted market capitalization of $11.69 billion.\u00a0 Revenue generated by the project has experienced significant growth over the past 30 days, with a notable increase of 68.00%. The revenue projection on an annualized basis stands at $85.97 million, highlighting the project’s ability to generate sustainable income. Moreover, Arbitrum has witnessed a rise in active users, with a daily average of 166.37 thousand participants over the past 30 days. This growth in user adoption suggests increasing interest and utilization of the Layer 2 scaling solution. Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":565587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88121,88069,84309,88119,88136,88169,88509,89363,88120,88077,6664,14690,1558],"class_list":["post-565586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arb-analysis","tag-arb-price","tag-arbitrum","tag-arbitrum-arb","tag-arbitrum-blockchain","tag-arbitrum-foundation","tag-arbitrum-performance","tag-arbitrum-price","tag-arbusd","tag-arbusdt","tag-crypto","tag-crypto-news","tag-cryptocurrency"],"acf":[],"yoast_head":"\nArbitrum Network Faces Major Outage, ARB Token Faces 4% Decline<\/title>\n<meta name=\"description\" content=\"Arbitrum (ARB) encountered a significant downtime event on 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/shenyangcang.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Arbitrum Network Faces Major Outage, ARB Token Faces 4% Decline","url":"http:\/\/shenyangcang.com\/news\/arbitrum-network-faces-major-outage-arb-token-faces-4-decline\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/arbitrum-network-faces-major-outage-arb-token-faces-4-decline\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-2-4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-2-4.jpg?fit=462%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["arb analysis","arb price","arbitrum","arbitrum (arb)","arbitrum blockchain","arbitrum foundation","arbitrum performance","arbitrum price","arbusd","arbusdt","crypto","crypto news","cryptocurrency"],"dateCreated":"2023-12-16T01:00:56Z","datePublished":"2023-12-16T01:00:56Z","dateModified":"2024-06-11T14:43:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Arbitrum Network Faces Major Outage, ARB Token Faces 4% Decline\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/arbitrum-network-faces-major-outage-arb-token-faces-4-decline\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/arbitrum-network-faces-major-outage-arb-token-faces-4-decline\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_download-2-4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_download-2-4.jpg?fit=462%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"arb analysis\",\"arb price\",\"arbitrum\",\"arbitrum (arb)\",\"arbitrum blockchain\",\"arbitrum foundation\",\"arbitrum performance\",\"arbitrum price\",\"arbusd\",\"arbusdt\",\"crypto\",\"crypto news\",\"cryptocurrency\"],\"dateCreated\":\"2023-12-16T01:00:56Z\",\"datePublished\":\"2023-12-16T01:00:56Z\",\"dateModified\":\"2024-06-11T14:43:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-2-4.jpg?fit=462%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/565586"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=565586"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/565586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/565587"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=565586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=565586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=565586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}