Base, Coinbase’s (Coin) Ethereum Layer-2 scaling product, Earth to stop for the first time since its 2023 debut, deactivated critical features including block production, deposits, withdrawal and flashblock operations for 29 minutes before resuming the service.
The incident took place at. 06:15 UTC as a result of an “uncertain delay of the head”, according to Base’s eventual status. It is a technical error that interferes with the network’s ability to confirm and produce blocks.
The team answered at. 06:43 UTC that it investigated stops, and only a minute later reported that the question had been identified and resolved, with surveillance in place to ensure no further complications occurred.
Although short, the power interruption is considerable considering the base’s prior registration of uninterrupted uptime and its growing role in Ethereum Layer-2 ecosystem. Since the introduction, the base has accrued $ 4.2 billion in the total value locked (tvl). A significant part of this, approx. 1.5 billion dollars, is tied to the Morpho loan protocol, according to Data from Defillama.
