Avalanche Network Experiences Disruption
On February 23, block production in the Avalanche ecosystem was halted. The main C-Chain network stopped processing transactions at 11:13 UTC (+3 hours MSK, +2 hours Kyiv).
The network has resumed operations.
This was confirmed by Sekniqi, who noted that he is monitoring the situation.
— Kevin Sekniqi ? (@kevinsekniqi) February 23, 2024
Later, the outage affected the Numbers subnet, which stopped approximately 50 minutes afterwards.
Kevin Sekniqi, co-founder of Ava Labs, the company behind the project, confirmed:
“We are currently investigating a block production issue in the Avalanche primary network. It seems to be related to a new wave of ‘inscriptions’ launched about an hour ago.”
Investigating Avalanche primary network block production issue right now. Seems to be related to a new inscription wave launched about an hour ago.
— Kevin Sekniqi ? (@kevinsekniqi) February 23, 2024
He speculated that it might be due to “some esoteric bug” in the category of edge cases.
In response to comments that such issues should not occur with blockchain software, Sekniqi acknowledged:
“Ultimately, no. However, there is such a constant flow of code that it is difficult to manage. Everything is tested in testnets, but it is not the same as the main network.”
The AVAX token price reacted to the incident with a slight drop—approximately 1% in the last hour (CoinGecko). The asset is trading at around $36.3. Over the week, quotes have fallen by 12%, but the coin maintains the 10th position in the market capitalization ranking.
The project team launched an Ordinals analogue on C-Chain in November 2023. Consequently, the volume of blockchain transactions in the network surged tenfold above the historical average. ‘Inscriptions’ accounted for up to 95% of on-chain operations.
This resulted in a record amount of AVAX being burned as fees—$1.8 million over the week.
In November, Ava Labs reduced its workforce by 12%.
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