Avalanche – one of the leading layer-ones – is experiencing what’s called a “major outage,” according to their official status page.
The outage is ongoing for some 16 minutes, according to the status page – at the time of this writing.
The problem appears to be related to a stall in block finalization:
Developers across the community are currently investingating a stall in block finalization that is preventing blocks from being accepted by the Primary Network.
Updates will be posted here as the issue is investigated.
Source: AVAX Status Page
Meanwhile, Avalanche’s AVAX token is dipping as the network goes down.
Source: CoinGecko
The price is down over 1.3% in the past few minutes, tanking by close to 3% on the day and 12% on the week.
The post Avalanche is Down: AVAX Price is Dipping appeared first on CryptoPotato.
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