Degen Chain Back Online After Two-Day Hiatus
Summary
Degen Chain, an Ethereum layer-3 blockchain dedicated to meme coins, experienced a two-day outage, during which it was unable to validate transactions or produce new blocks. The protocol uses Conduit, a rollup infrastructure platform, for its technical framework and operational support. Conduit attributed the downtime to a "custom config change" that stopped block production for Degen Chain. Degen Chain, which launched earlier this year, quickly reached $100 million in trading volume due to the popularity of meme coins. Despite the outage causing a 6% drop in the value of its native token, DEGEN, the chain has a market cap of nearly $200 million and a total locked value of $2.17 million.
