The Blast Network saw a major slowdown in block production following Ethereum’s recent Dencun upgrade. Since roughly 14:05 GMT, no new blocks have been created, indicating a stop in network operations.
The Blast network, which is recognized for its experimental method to providing native yields on assets over Ethereum, has encountered difficulties following the most recent upgrade to the Ethereum mainnet.
The Blast network team has recognized the disruption, which they explicitly attribute to the Dencun upgrade. They have expressed their commitment to rectifying the issue, adding that “core engineering contributors are working on a fix.” A schedule for a resolution has been offered, with an update expected within 30 to 60 minutes after their statement.
This disruption is concerning for the Blast network, where about $2.96 billion is locked in smart contracts and Ethereum multi-signature wallets. The network’s capacity to recognize and resolve this issue quickly is critical for retaining user trust and protecting the assets under its control.
The cryptocurrency community is waiting for additional developments, hoping for a rapid recovery with little damage on the network’s operations and the larger Ethereum ecosystem.
