On the day of the event, the dYdX chain was scheduled to undergo a protocol upgrade to version 4.0.0.0.0. The scheduled maintenance was successfully completed at 6:30 p.m., but the line stalling issue occurred just 20 minutes later.
In a status update at 12:21 p. m. , #dYdX said an investigation into the problem was ongoing and that network verifiers should reconvene at 6 p. m.
Despite the ongoing outage, it had little impact on the price of the dYdX token, which has risen more than 4% in the past 24 hours.
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