Wall Street, please don't trust us with trillions-at least not yet.
Base went down for 33 minutes, required a manual sequencer reset. Solana has suffered 7 outages—5 caused by client bugs and 2 by its inability to handle spam. Polygon down twice from software upgrade errors and consensus issues. Aptos, Sui... many more.
tradFi isn’t perfect either,
feb 2021, Fedwire halted billions for hours due to a human error, and July 2024 SWIFT’s outage disrupted high-value transactions across Europe. the losses were real.
would L2s really give up thick sequencer fees just to decentralize?
so far—except @ethereum other chains introduces tremendous operational risk. how can Wall Street justify underwriting this at scale?
Last night, Base Chain experienced a 33 minute network disruption that halted block production.
This was due to an automatic handoff to an unhealthy mainnet sequencer in the high-availability cluster. We quickly switched to a healthy mainnet sequencer and Base Chain resumed normal operation.
We have run a full postmortem to share what happened, how we addressed the issue, and the steps we are taking to prevent similar incidents in the future.
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