‘Halt is not okay’ – All about Base and its consensus problem

ambcrypto2026-06-27 tarihinde yayınlandı2026-06-27 tarihinde güncellendi

Özet

Base, a Coinbase-incubated Ethereum Layer 2 (L2) network, experienced a significant consensus issue for nearly 48 hours, halting deposit and withdrawal functions. The problem began on June 25th when an invalid block was sequenced, leading to "unhealthy" mainnet block production. While withdrawals were partially degraded, deposits faced a "major outage." Base co-founder Jesse Pollak assured users that all funds were safe but emphasized that such a chain halt is unacceptable, vowing to improve the platform's reliability for 24/7 global finance. This disruption occurs as Base aims to expand into tokenized asset lending and borrowing, despite having achieved substantial growth with over $184M in cumulative revenue and $4B in Total Value Locked (TVL). The incident's impact on user confidence remains to be seen.

Base, a Coinbase-incubated Ethereum Layer 2 (L2) chain, has been unable to accept deposits or withdrawals for nearly 48 hours.

On the 25th of June, the L2 said that it ran into a consensus issue that caused an invalid block to be sequenced. The statement was given on 25th June, 17:21 UTC. The problem was isolated and debugged, and the team soon announced that broader recovery was underway.

However, as of 26th June, 10:36 UTC, the issue had not been fully resolved. In fact, the chain’s status indicated that the mainnet block product was “unhealthy.”

Apart from the block production, deposits and withdrawals were also affected for the second day. Notably, withdrawals were only partially degraded, but deposits were facing a “major outage.”

For his part, Jesse Pollak, co-founder of Base, assured users that funds were safe and that they were working on a full post-mortem.

He added that halting the chain to remedy the issue was undesirable and would act as a challenge to do better in the future.

All funds are/were safe. But a halt is not okay, and we’ll use this to continue to level up Base as a platform for global, 24/7 finance. Thank you for your patience.

Base’s bet on tokenization

Separately, Pollak has indicated that Base will allow a DeFi-like borrowing and lending option for tokenized assets once they go live on the chain.

This is part of a broader bet on tokenization as the nascent segment gains traction. Unfortunately, a chain disruption like the recent one is not a good look for such a goal.

That said, Base debuted in H2 2023 and has grown immensely over the past few months. It has done a cumulative revenue of over $184M with a total locked value (TVL) of $4B.

Source: DeFiLlama

Half the locked $4B value is on the DeFi lending platform Morpho Blue. Whether the ongoing outage will dent investor confidence and trigger outflows remains to be seen.

Final Summary

Base chain faced a consensus problem that has partially degraded withdrawals and disabled deposits.
Jesse Pollak, Base co-founder, is betting big on tokenized assets with DeFi-like lending and borrowing options

Trend Kriptolar

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

İlgili Sorular

QWhat was the main issue that affected the Base chain for nearly 48 hours?

AThe Base chain encountered a consensus problem that caused an invalid block to be sequenced. This led to the chain's mainnet block production being 'unhealthy' and resulted in a partial degradation of withdrawals and a major outage for deposits.

QWhat did Base co-founder Jesse Pollak say about the safety of funds during the outage?

AJesse Pollak assured users that all funds were safe during the outage. He also stated that halting the chain to fix the issue was undesirable and that they would use this experience to improve Base as a platform for global, 24/7 finance.

QAccording to the article, what future functionality for tokenized assets is Base planning?

ABase plans to allow DeFi-like borrowing and lending options for tokenized assets once they are live on the chain. This is part of their broader bet on the tokenization segment.

QWhat are Base's reported cumulative revenue and Total Value Locked (TVL) figures as mentioned in the article?

ABase has done a cumulative revenue of over $184 million and has a Total Value Locked (TVL) of $4 billion.

QWhat potential concern does the article raise regarding the ongoing chain disruption?

AThe article raises the concern that the ongoing chain disruption might dent investor confidence and potentially trigger outflows from the platform, especially given that half of its $4 billion TVL is on the DeFi lending platform Morpho Blue.

İlgili Okumalar

After outpacing Bitcoin, can LUNC sustain its latest price rally?

Terra Luna Classic (LUNC) recently posted strong double-digit gains, outperforming Bitcoin and the broader crypto market. However, the sustainability of this rally is in question due to several concerning signals. Key indicators of retail interest, such as Google Search Trends and Community Sentiment, have fallen significantly, suggesting waning curiosity and a drop in bullish outlook among investors. More critically, capital has been flowing out of LUNC on both the spot and perpetual markets, with notable outflows recorded over multiple timeframes. This combination of declining retail interest and capital flight indicates that the asset lacks a strong foundation to support further upward momentum, putting the current price rally at risk of a reversal in the near term.

ambcrypto5 dk önce

After outpacing Bitcoin, can LUNC sustain its latest price rally?

ambcrypto5 dk önce

Internet Capital Markets 2026: The US Structural Shift and the Strategic Window for Asian Institutions

The article outlines the transformative evolution of the crypto industry into a mature, regulated phase, ultimately converging toward an "Internet Capital Markets" (ICM) model. ICM envisions a fully integrated, public blockchain-based system for asset issuance, trading, and settlement, replacing legacy financial infrastructure with atomic, T+0 settlement to eliminate significant hidden costs. The piece positions Solana as a leading technical and institutional foundation for this transition. It details active U.S. institutional adoption across four key areas: banking & capital markets (e.g., J.P. Morgan's commercial paper, State Street's treasury fund), payments & stablecoins (e.g., Western Union, Fiserv), tokenized real-world assets (e.g., Apollo, Figure), and infrastructure diffusion, highlighting network effects. A clear U.S. regulatory progression is noted, including the GENIUS Act and digital commodity classifications, though gaps remain for areas like DEXs and public stock trading. For Asian financial institutions, the article presents a strategic framework categorizing markets as "Executable," "Transitional," or "Exploratory," advising fast-follower strategies to leverage established U.S. infrastructure and regulatory precedents. It concludes that the window for strategic entry is open but its duration is uncertain.

marsbit23 dk önce

Internet Capital Markets 2026: The US Structural Shift and the Strategic Window for Asian Institutions

marsbit23 dk önce

Mantle loses key long-term support as selling volume surges 44%

The cryptocurrency market experienced a significant downturn, with Bitcoin dropping 8.6% and Mantle (MNT) falling sharply by 21.6%. MNT's daily trading volume surged 44%, indicating strong selling pressure. The decline was influenced by macroeconomic news, specifically a rise in the PCE price index, which triggered a broader market sell-off. Technically, Mantle lost a critical long-term support level at $0.55 on its weekly chart, confirming a bearish trend. Analysis suggests the price could drop further toward the $0.319 support level. On shorter timeframes, the bearish structure remains intact. However, with the RSI deeply oversold, a price bounce is anticipated. Traders are advised to wait for a potential rebound to the $0.526-$0.556 range to consider selling opportunities.

ambcrypto2 saat önce

Mantle loses key long-term support as selling volume surges 44%

ambcrypto2 saat önce

Why Is No One Buying DeFi Insurance?

"Why DeFi Insurance Remains Unpurchased" explores the paradox of decentralized finance insurance. While DeFi insurance promises automatic, unbiased payouts via smart contracts—eliminating traditional insurers' denial practices—it struggles to attract users. The core issue is economic viability. Premiums are prohibitively high relative to the yields from DeFi protocols. For example, insuring a deposit on Aave or Maple Finance can consume most or even all of the annual yield, leaving returns comparable to or worse than traditional savings. Only the safest protocols, like MakerDAO, offer affordable premiums. Furthermore, the DeFi insurance model is structurally fragile. Unlike traditional insurance where risks are uncorrelated, DeFi risks are highly interconnected (e.g., oracle failures, bridge hacks). A single major exploit can simultaneously threaten multiple protocols, potentially bankrupting the entire insurance pool, which holds only millions against billions in total value locked. The governance model also creates a conflict of interest. In platforms like Nexus Mutual, token holders who vote on claims risk their own capital if payouts are approved, incentivizing denials. Consequently, the market is tiny and shrinking. Nexus Mutual dominates with $81.56 million in assets, but the industry lacks the capacity to cover a catastrophic event like the $292M Kelp DAO hack. Other providers have dwindled or shut down. The article concludes that DeFi insurance faces a "tragedy of the commons": its stability requires widespread adoption, but individual users have no incentive to pay for it, as premiums destroy their yields. Current solutions involve preventative measures like bug bounties and seeking external capital from traditional reinsurance, acknowledging that on-chain capital alone is insufficient to cover on-chain risks.

marsbit3 saat önce

marsbit3 saat önce

Cardano Wallets Hit By SecondFi Exploit As Private Key Flaw Sparks Security Warning

SecondFi, previously linked to the Yoroi wallet, has halted services following a critical security flaw in its proprietary web-based wallet generation software. The vulnerability reportedly exposed private keys, leading to a significant theft of ADA tokens. Initial reports estimate losses of 16 million ADA (~$2.4M) from 374 wallets, while security firm SlowMist warns the broader impact could exceed 129 million ADA (over $20M). Crucially, the incident was confined to SecondFi's software; the Cardano blockchain protocol itself was not compromised. The core issue involves insecure private key generation, allowing attackers access to affected wallets. A primary warning for users is to avoid restoring compromised seed phrases into other wallets, as this would not resolve the underlying key exposure. Users are also cautioned against unverified recovery links or third-party refund platforms. The situation underscores that blockchain security extends beyond the protocol layer to include wallet software and key management. The community awaits a full post-mortem and confirmation of the final impact.

bitcoinist3 saat önce

Cardano Wallets Hit By SecondFi Exploit As Private Key Flaw Sparks Security Warning

bitcoinist3 saat önce

İşlemler

Spot

Popüler Makaleler

LAYER Nasıl Satın Alınır

HTX.com’a hoş geldiniz! Solayer (LAYER) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında Solayer (LAYER) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: Solayer (LAYER) Varlıklarınızı SaklayınSolayer (LAYER) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: Solayer (LAYER) Varlıklarınızla İşlem YapınHTX'in spot piyasasında Solayer (LAYER) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

325 Toplam GörüntülenmeYayınlanma 2025.02.11Güncellenme 2026.06.02

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların LAYER (LAYER) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.