Category: Layer-3 Network

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Degen Chain Outage: Network Restored, L3 Debate Reignited

May 16, 2024

The recent two-day outage of the Degen Chain proved to be more than a minor inconvenience. It caused severe disruption as the network failed to produce a block for over 53 hours. This disruption had a cascading effect, rendering the network and its associated applications unusable. According to its block explorer, the network stalled at…
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Degen Chain, Layer-3 Blockchain on Base Network, Sees $100 Million Transaction Volume in 24 Hours

April 1, 2024

Degen Chain, a layer-3 blockchain running on top of the Base network, has quickly garnered attention from investors and traders, with a surge in transactional volumes reaching nearly $100 million in just 24 hours. The network commenced operations just four days ago and has seen over 272,000 unique transactions. On-chain analysts have noted that Degen…
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