Coinbase-Incubated Base Faces Major Outage, Assures 'No Funds Are At Risk'

Coinbase Global Inc COIN-backed Ethereum ETH/USD Layer-2 network, Base, experienced a significant outage on Tuesday, taking an hour to fully rectify. The team insists that no funds were threatened.

According to a report by Decrypt, the disruption lasted 30 minutes, followed by another 30 minutes until full restoration of the system. The issue, coined as a “Base chain stall,” was promptly identified and fixed.

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The Base team communicated via Twitter that the outage was due to a delay in block production, partially because of internal infrastructure requiring a refresh. They assured that the issue has been remediated and “No funds are at risk.”

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Despite the immediate resolution, an ongoing problem with remote procedure calls (RPCs) delayed the all-clear report by 90 minutes from the start of the investigation.

Fostered by exchange giant Coinbase, Base mainnet came into being less than a month ago. Despite its infancy, it’s seen remarkable growth, with daily transaction volumes surpassing its Ethereum foundation. Base has allegedly generated $6 million in protocol fees, according to data from DeFi Llama.

However, the recent technical glitch prompted comparisons with other blockchain solutions and their relative stability. This incident marks Base‘s first major technical setback since its launch.

The most recent update from Base introduced native support for USD Coin (USDC) and integrated with Ledger Live and the PancakeSwap decentralized exchange. Additionally, Base has established partnerships with Chainlink, Aragon, and several well-known consumer brands.

Photo by Below the Sky on Shutterstock

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