LayerZero’s Stargate Faces Instability: 25.600 Transactions Stuck After DVN Failure
- Stargate is down for over 6 hours.
- DVN executors failure causes delay in 25.600 transactions.
- LayerZero works to resolve issues and restore operations.
Stargate, a cross-chain bridging solution developed by LayerZero, has faced an outage lasting over six hours due to a malfunction in the decentralized verifier network (DVN) executors. The issue caused significant delays in transaction validation, affecting users across multiple blockchains.
#PeckShieldAlert Our community has reported that #stargate is currently down.
Do *NOT* use Stargate for cross-chain fund transfers at this time. Transactions are getting stuck in transit.—PeckShieldAlert (@PeckShieldAlert) December 20, 2024
The flaw was initially highlighted by blockchain security firm PeckShield, which advised users to suspend cross-chain transfers while the issue persists. Shortly after, ExVul, another Web3 security firm, confirmed that Stargate had been down for nearly six hours.
According to data from LayerScan, around 25.600 transactions are currently stuck in the system, awaiting processing. These backlogged transactions represent a significant impact for users who rely on Stargate for fast and secure transfers between different blockchain networks.
The team behind Stargate has acknowledged that the issue was caused by a flaw in the DVN network’s executors. In a statement, LayerZero said that its technicians are working to resolve the incident and restore normality as quickly as possible. In the meantime, investors and enthusiasts are advised to avoid using Stargate for fund transfers until the situation is resolved.
This type of failure reinforces the importance of continuously monitoring and improving infrastructure solutions in the cryptocurrency market, especially when it comes to tools that handle large transaction volumes. For projects like Stargate, user trust is essential, and the response of the LayerZero team will be a key factor in restoring that trust.
In addition to the technical impact, the outage raises questions about the resilience of decentralized solutions in the face of scalability and performance challenges. The community is closely monitoring the case's developments, while the LayerZero team works to fix the failure and minimize losses.
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.
You may also like
It’s Official – SEC Chairman Gary Gensler Resigns! Here is the Last Statement from SEC
SEC Chairman Gary Gensler, known for his extremely negative attitude towards the cryptocurrency world, has officially resigned.
LIVE updates from Donald Trump’s Inauguration! Here’s All You Need to Know, Minus All Unnecessary Details
We will be sharing all the necessary details from the inauguration ceremony of Donald Trump, who will go down in history as the first cryptocurrency-friendly President of the United States.
Analytics Company Reveals Forecast of Possible Local Peak in Bitcoin Price: “If This Level Is Breached, It Would Be Great News For Bulls”
Cryptocurrency analysis company Alphractal shared a local peak forecast for the Bitcoin price in its statement.