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DYDX Token Sees 4% Surge Amid dYdX Chain Outage: Platform’s Proven

Published 04/09/2024, 05:42 PM
Updated 04/09/2024, 05:45 PM
DYDX Token Sees 4% Surge Amid dYdX Chain Outage: Platform’s Proven

  • dYdX Chain halted for 9.5 hours due to a scheduled v4 upgrade and resumed operations later.
  • An incorrect bug fix from Cosmos’ IAVL library caused network state corruption during the upgrade.
  • DYDX token price increased by 4% during the outage, showcasing investor confidence in the platform.

dYdX Chain, the foundation for the perpetual futures exchange dYdX, encountered a long 9+ hour halt early Monday morning. This interruption, deemed a “major outage,” was a consequence of a scheduled v4 upgrade to the chain.

Following approximately nine and a half hours of downtime, dYdX implemented a fix for the software bug, allowing enough validators to engage, consequently enabling dYdX to recommence block production midway through Monday.

The outage lasted for nine hours and thirty-two minutes, according to dYdX’s status page, however, the network showed resilience in promptly addressing and rectifying the issue.

The implemented fix by dYdX does not constitute a state-breaking change, ensuring compatibility with prior versions of the blockchain. Throughout the chain halt, dYdX’s perpetual futures DEX rema…

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