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Reliability of Arbitrum comes into question following this incident

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Arbitrum [ARB] emerged as a promising Layer 2 (L2) solution, gaining widespread recognition since its initial launch. Nonetheless, its reliability came under scrutiny due to the occasional outages it faced. However, a recent post has hinted at yet another downtime episode, reigniting concerns about its stability.

How much are 1,10,100 ARBs worth today

On 25 July, a notable incident was reported regarding Arbitrum. It seemingly halted block production for approximately 15 minutes. The information was observed through the Arbitrum scanner. However, whether the issue originated from the scanner or the network had stopped producing blocks remained unclear.

looks like Arbitrum was down for ~15min a little bit ago?

or arbiscan rugging again idk pic.twitter.com/h1evcO6wIP

— Spreek (@spreekaway) July 25, 2023

This occurrence was not the first for Arbitrum, as it had experienced previous outages, including one in January that prompted Offchain Labs to issue a statement. During that incident, the network faced downtime due to problems with its Sequencer. The root cause was a hardware failure in the main Sequencer node which caused the network to be temporarily unavailable.

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Also, around June, the Sequencer encountered another challenge when it ran out of Ether. This resulted in the inability to pay gas fees, consequently bringing Arbitrum’s operations to a standstill.

At present, normal block production has been restored, according to the data from Arbiscan. However, a glance at the transaction chart revealed a slight decline in the daily transaction volume. As of this writing, the daily transactions were approximately 632,000. Comparing this to the previous figures before the decline, the daily transactions were typically 700,000 to 800,000.

Arbitrum transactions

Source: Arbiscan

While there were no reported outages in July, it remains uncertain whether the recent decline in transaction volume is directly linked to the previous outages or if other factors were at play.

According to DefiLlama data, the Total Value Locked (TVL) on Arbitrum experienced a slight decline over the past few weeks. While it was still above the significant threshold of $2 billion, the overall value has decreased. As of this writing, the TVL was approximately $2.10 billion.

Additionally, a close examination of ARB’s performance on a daily timeframe revealed that it has not seen favorable movement either.

ARB/USD price trend

Source: TradingView

Read Arbitrum (ARB) Price Prediction 2023-24

Over the past three days, ARB has lost more than 6% in value. As of this writing, it was trading at around $1.1, with an ongoing battle between buyers and sellers to establish dominance.

Also, the trend was currently bearish, as evidenced by the Relative Strength Index (RSI) indicator. This suggests that the market sentiment is leaning towards a negative outlook.

 

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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