Exhaustion of Gas fee causes Arbitrum to pause transaction processing for one hour

Arbitrum pauses transactions for an hour when Gas fee is exhausted.

Author: Tim Craig, DLNews; translation: 松雪, Blocking

• After its core software – Sequencer – ran out of gas fees, Arbitrum paused transaction processing for an hour.

• Arbitrum has only one Sequencer and needed manual replenishment of Ether yesterday.

• Although Arbitrum is running again, the event highlights the single point of failure of blockchain.

Arbitrum is a layer 2 blockchain that stopped processing transactions for about an hour, leaving the network with over $2.24 billion in deposits at a standstill. The reason was an error that caused the central control sequencer of the blockchain to run out of funds to pay gas fees.

“An error occurred on Sequencer that caused its batch to revert on-chain. When the batch reverted, the Sequencer does not refund the gas cost of sending the batch,” Blockingtrick McCorry, a developer with the Arbitrum Foundation, told DL News.

He said that when this happened, the Sequencer ran out of ETH, “which was manually replenished when the error was fixed.”

Around 11:40 a.m. London time, developers on the Arbitrum Discord server began reporting that they were unable to connect to the Sequencer – software that bundles transactions and sends them to the Ethereum network for confirmation.

Layer 2 blockchains like Arbitrum need to send transactions back to Ethereum for finality, meaning that transactions are permanently etched onto the Ethereum blockchain and cannot be changed.

Chain records show that the Sequencer ran out of its Ether, and without Ether to pay fees, the Sequencer was unable to send transactions to Ethereum, causing Arbitrum to stall.

Arbitrum Sequencer Transaction (Blockingrsec)

Arbitrum currently has only one Sequencer that processes transactions. It is operated by Offchain Labs, the company that created and manages the network.

After about an hour of transaction pause, Arbitrum now seems to be working again. At around 12:27 p.m., the wallet that sent funds to the Arbitrum multi-signature wallet sent a total of 1.4 Ether to Sequencer, enabling it to start sending transactions to Ethereum again.

Since its launch in May 2021, Sequencer has only been manually recharged four times.

Offchain Labs did not immediately respond to a request for comment.

The incident has drawn attention to how networks like Arbitrum, which depend on centralized control points, rely on Ethereum’s security and network decentralization. Offchain Labs previously stated that it plans to decentralize the Sequencer of Arbitrum in the future.

Arbitrum’s total value locked, a measure of the amount of DeFi investors’ deposits

The price of Arbitrum’s token (also known as Arbitrum) remained largely unchanged throughout the outage. At the time of writing, its trading price is around $1.14.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Bitcoin stays stable at $30,000, is this a signal of a bull market?

Since 2023, the Bitcoin market has maintained a continuous growth trend, recently rebounding to over $31,000 in the p...

Opinion

Unveiling SBF's Defense Draft of up to 250 pages I did what I believed was right.

In the draft, SBF traced his development history, from his childhood in Palo Alto to the penthouse apartment he purch...

News

The currency circle "剿匪": the fund is checked, the exchange is full, and the "catch" has just begun.

Text | Pizza Recently, the People’s Daily, Xinhua News Agency, CCTV and other authoritative media have focused...

Blockchain

Exchanges are temporarily withdrawing cash, data is garbled, or the Amazon server failure in Tokyo

According to Yahoo Japan, the Amazon Web service failed at around 13:00 on August 23, 2019. The service that failed w...

Market

Encryption exchange "moving tide": US SEC "strongly pushed away", Middle East and Hong Kong "welcoming with a smile"

Due to the recent pressure from the SEC, several major exchanges around the world are preparing to flee, with the UAE...

Blockchain

0.32 dollars to buy 40 bitcoins: the currency exchange will not work hard, the regular army will come

Summary Event: On August 23, the Amazon AWS cloud service failed, causing many currency exchanges such as the currenc...