💸 Slick

Base Network Experiences First Outage Since Launch, Pauses Operations for 29 Minutes


Base, Coinbase’s (COIN) Ethereum layer-2 scaling product, experienced a brief interruption for the first time since its debut in 2023, halting key functions including block production, deposits, withdrawals, and flashblock operations for 29 minutes before service was restored. The incident occurred at 06:15 UTC due to an “unsafe head delay,” as outlined on Base’s incident status page. This technical issue affected the network’s ability to confirm and produce blocks. The team announced at 6:43 UTC that it was investigating the interruption, and just a minute later reported that the issue had been identified and resolved, implementing monitoring to prevent further complications.

Although the outage was short, it is noteworthy given Base’s previous track record of continuous uptime and its expanding role in the Ethereum layer-2 ecosystem. Since its launch, Base has accumulated $4.2 billion in total value locked (TVL), with a significant portion, approximately $1.5 billion, associated with the Morpho lending protocol, according to data from DeFiLlama.