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The #dYdX #chain was halted for 9.5 hours for a scheduled v4 update and then restarted.
An erroneous bug fix in Cosmos' IAVL library resulted in a corrupted network state during the update.
The price of the dYDX token rose 4% during the outage, indicating investor confidence in the platform.
The dYdX Chain, the backbone of the permanent dYdX futures exchange, experienced a prolonged outage lasting more than nine hours early Monday morning. The outage, which was described as "major," was related to Chain's upgrade to version 4.
After about nine and a half hours of downtime, dYdX was able to fix a software bug and ensure that enough validators were working, allowing dYdX to resume mining the #blockchain mid-Monday.
According to dYdX's status page, the outage lasted 9 hours and 32 minutes, but the network demonstrated resilience by quickly fixing the issue.
The fixes made by dYdX are not status changes, but ensure compatibility with previous versions of the blockchain. During the blockchain outage, dYdX's perpetual futures DEX was back in full operation, demonstrating the platform's commitment to maintaining continuity of service despite technical issues.
The blockchain outage was mainly caused by a dYdX software release containing the wrong version of a bug fix for Cosmos' IAVL library. This resulted in a corrupted network state during the update process.
Interestingly, the price of the dYdX native token (DYDX) rose 4% after the chain closed around 3 a. m. ET on Monday, reflecting investor confidence in the platform's stability and long-term prospects.
The upgrade of the dYdX chain to version v4 made minor improvements to the trading platform and implemented mechanisms to counter malicious validator behavior through administrative voting.
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