Degen Chain, a Blockchain for Meme Coins, Back Online After Two-Day Outage
Degen Chain, a blockchain dedicated to meme coins, has resumed operations after experiencing a two-day outage due to issues with its rollup provider, Conduit. The Ethereum layer-3 blockchain had been unable to validate transactions or produce new blocks for over 50 hours. Degen Chain relies on Conduit for its technical framework and operational support, allowing it to handle high transaction volumes. Despite the downtime, the chain has a market cap of just under $200 million and a total locked value of $2.17 million, and its native token, DEGEN, has only experienced a 6% drop in value.
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