- Avalanche’s explorer showed that block production was halted for over two hours on 23 March.
- Despite the halt, the transactions metric looked normal, and AVAX was not impacted.
There were indications of a shutdown in the Avalanche [AVAX] blockchain on 23 March, raising concerns about the feasibility of the network’s transactions and the value of AVAX.
Read Avalanche’s [AVAX] Price Prediction 2023-24
Avalanche C-chain sees a pause in block production
Decentralized apps (dApps) and smart contracts are catered for on the Avalanche network by the Avalanche C-Chain, commonly called the Contract Chain. It belongs to the Avalanche network, which promises to offer a highly scalable and functional blockchain ecosystem.
On 23 March, for reasons not made public, this portion of the blockchain network stopped functioning, per data obtained from the snowtrace.io explorer. At block height 27788298, the Avalanche C-chain ceased producing blocks, and the outage continued for over two hours. As of this writing, the production of blocks had resumed, so everything appeared to have returned to normal.
Source: snowtrace.io
A deeper dive into the Avalanche network status
The Avalanche C-chain’s block production halt prompted an examination of the network’s uptime during the previous 90 days, which showed that it had been relatively stable. Except for the mainnet explorer and the mainnet bridge, the Avax status check showed that all network platforms had 100% uptime for the past 90 days.
Source: Avalanche network
In the last 90 days, the mainnet explorer has been down for three days, as revealed by a status check. Service was interrupted for over an hour on 20 March, for 24 hours on 21 March, and over 15 hours on 22 March. Then, on 22 and 23 March, the mainnet bridge was down for six and two hours, respectively.
Due to the interruptions, the Explorer and the Bridge were only available 99.43% and 99.88% of the time, respectively, within the specified time frame.
Impact of the downtime
The daily transactions chart for the C-chain showed that the halt did not affect the volume of transactions. At the time of this writing, the total number of blocks was 41,705, and the total number of transactions was 156,044.
Source: snowtrace.io
How much are 1,10,100 AVAXs worth today?
Additionally, the daily active address and average block time charts on the Avalanche C-chain also remained unchanged.
AVAX on a daily timeframe
Nonetheless, the outage did not bother AVAX. The token’s value rose by 3%, trading at $17.30 on a daily timeframe as of this writing. To continue in a bull trend, it has also maintained above-neutral status on the Relative Strength Index (RSI).
Source: TradingView