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Arbitrum, a way to make Ethereum work better, had a little problem recently. It stopped working for over an hour because too many people were using it.

Arbitrum (ARB), a prominent Ethereum scaling solution, encountered a significant downtime event on December 15, according to the network's status page. The incident prompted an immediate investigation into the root cause and the deployment of a fix.

Hildobby, a pseudonymous data researcher, said in a post on X that 90% of transactions had been inscriptions before the chain stopped.

Ethereum layer 2 scaling solution Arbitrum faced a significant disruption on Dec.15, 2023, due to a massive surge in network traffic, causing a partial outage that lasted approximately two hours. Partial outage This incident was primarily caused by a significant surge in network traffic, which led to the Arbitrum One Sequencer and Feed stalling.

Arbitrum and other chains have recently been bombarded by users making "inscriptions" as on Bitcoin, even though such networks support NFTs.

The interruption affects the normal operation of Arbitrum.

The Arbitrum (ARB) network, a layer 2 of Ethereum, faced a partial outage recently due to a notable increase in network activity. At 10:29 AM ET, the sequencer Arbitrum One abruptly stopped, as confirmed by the official Arbitrum account in a statement.

The Arbitrum One network stopped producing blocks at 10:29 am ET (13:29 UTC), according to an alert issued by the block explorer.

A “significant surge in traffic” resulted in a “partial outage” of the Ethereum-based layer-2 network Arbitrum on Friday.

At press time, the Arbitrum One network had been down for over 60 minutes due to sequencer and feed issues.

The layer-2 blockchain stopped working as intended Friday morning.

Celo originally planned to build its Ethereum layer-2 network with Optimism's OP Stack. Then Polygon and Matter Labs pitched their stacks.

A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol's treasury and that customer funds weren't impacted.

Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.

In an ambitious move to propel the ApeCoin ecosystem to new heights, ApeCoin DAO, in collaboration with Horizen Labs, Offchain Labs, and the Arbitrum Foundation, has unveiled a groundbreaking proposal for the creation of ApeChain. This innovative platform is designed to cater specifically to the burgeoning blockchain gaming ecosystem and will be built using Arbitrum's cutting-edge technology.

A collaboration between Horizen Labs, Offchain Labs, and the Arbitrum Foundation aims to bolster the apecoin (APE) ecosystem through the development of a dedicated blockchain, Apechain. Envisioned to leverage Arbitrum technology and governed by Apecoin DAO, the teams believe this initiative represents a significant step toward expanding the utility and reach of apecoin.

The altcoin market is surging and approaching pivotal levels at $800 billion, as the majority of them have gained extreme bullish momentum. Of them, Bonk's price leads the top gainers list with more than a 42% jump in the past 24 hours. Besides, Optimism (OP), Arbitrum (ARB), & Pepe (PEPE) prices possess acute strength.

The Arbitrum DAO community made the decision to approve the expansion of the budget for its grant program, injecting an additional amount of $23 million. This increase brings the total budget of the program to over $70 million, intended to support a total of 56 emerging projects in the ecosystem.

Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.

The Arbitrum DAO has made an announcement regarding the distribution of extra tokens to finance all projects approved in its recent Short-Term Incentive Program (STIP).

The Arbitrum community is expanding its grant program budget to over $70 million, supporting a total of 56 projects.

The Arbitrum DAO, governing the Ethereum Layer 2 network, has made a pivotal decision to allocate a substantial $23.54 million in a one-time “backfund” to support 26 projects that were previously overlooked in its initial grant funding round.

In a recent development that has stirred the decentralized finance (DeFi) community, Silo Labs, the development team behind the decentralized lending protocol Silo Finance, reported an unexpected incident involving the Chainlink wstETH/ETH price feed on the Arbitrum network.

The grants will go to projects that were approved as part of the project's first round, but missed out on funding due to budget constraints.