dYdX Chain, the underlying blockchain of perpetual futures exchange dYdX, experienced a major outage starting early Monday morning.

After 9 hours and 32 minutes of downtime, which DYdX explained was the start of a scheduled v4 chain upgrade, software patches were deployed and there were enough validators ready for the chain to resume block production at noon on Monday.

DYdX says the fix is ​​not a groundbreaking change, meaning the software's compatibility with previous blockchain versions will remain intact. DYdX perpetual futures DEX remains active throughout the chain pause.

dYdX becomes the latest blockchain to experience disruption in recent weeks, joining Solana and Polygon zkEVM.

Curiously, the price of dYdX's native token increased by more than 6% on Monday after the chain was paused.

Source: TradingView

DYdX Chain's v4 upgrade made some minor updates to the exchange and introduced a means to remove malicious validators through governance voting. N

dYdX Chain built on Cosmos is an appchain or a blockchain built to support a specific application — in this case, dYdX's derivatives platform.

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