Zilliqa on-chain transactions plunge amid 'technical issue'
"We are still investigating & we should be able to share an update soon," wrote a Zilliqa community moderator.
The $383 million Zilliqa ecosystem is experiencing disruptions due to a "critical situation" impacting the network.
According to a Dec. 18 post by developers, the Zilliqa blockchain faces a "technical issue that has resulted in an interruption to block production." Blockchain data shows that daily transactions on Zilliqa subsequently plunged by roughly 50% to 30,906, compared to an average of 61,000 in the past few days.
Activity has since paused, with the last transaction occurring at around 11 AM UTC with no new blocks being produced since then. "The team are working hard to recover the network," wrote Matt Dyer, Zilliqa's CEO in a follow-up.
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