Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Degen Chain, a Blockchain for Meme Coins, Back Online After Two-Day Outage

Degen Chain, a Blockchain for Meme Coins, Back Online After Two-Day Outage

CointimeCointime2024/05/15 10:04
By:Cointime

Degen Chain, a blockchain dedicated to meme coins, has resumed operations after experiencing a two-day outage due to issues with its rollup provider, Conduit. The Ethereum layer-3 blockchain had been unable to validate transactions or produce new blocks for over 50 hours. Degen Chain relies on Conduit for its technical framework and operational support, allowing it to handle high transaction volumes. Despite the downtime, the chain has a market cap of just under $200 million and a total locked value of $2.17 million, and its native token, DEGEN, has only experienced a 6% drop in value.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Powell describes ‘tariff inflation’ as potentially ‘transitory’

Markets react to Fed Chair Jerome Powell’s comments at yesterday’s FOMC meeting

Blockworks2025/03/21 20:11

Strategy prices $711M offering of 10% perpetual strife preferred stock to fund Bitcoin purchases

Share link:In this post: Strategy priced its 10% Perpetual Strife Stock offering at $85.00 per share, planning to use its proceeds to acquire Bitcoin. The stock offering also features a 10% annual dividend rate of $100 per share. Strategy holds about 499 226 BTC, just 774 BTC shy of 500,000.

Cryptopolitan2025/03/21 19:55
Strategy prices $711M offering of 10% perpetual strife preferred stock to fund Bitcoin purchases

US Treasury Removes Sanctions on Tornado Cash

Bitcoin.com2025/03/21 17:44