Journalist
Posted:
- The number of transactions on zkSync Era increased to more than 5 million.
- TVL and volume remained the same despite the increase in the number of transactions.
The zkSync Era saw a temporary halt in block production, as recently reported. This incident marked the second disruption of operations for an L2 platform within 48 hours.
zkSync Era pause block production
From explorer.zksync, zkSync Era temporarily stopped block production on December 16. Analysis showed that block production was halted for over an hour during this period.
This interruption coincided with the total number of transactions reaching approximately 194.5 million. However, block production has resumed at the time of writing and regular operational activities have been restored.
The total number of transactions at the time of writing was over 200 million.
Reasons for the break
An examination of zkSync Era’s transactions via Dune Analytics showed a remarkable trend. On December 16, transaction volume rose to one of its highest points: more than 5.1 million successful transactions.
Before this increase, the average number of daily transactions was approximately 1 million. The sudden surge overwhelmed the network, causing a temporary pause in block production.
This incident was similar to what happened during the Arbitrum [ARB] L2 network, which also saw a sudden increase in transactions, leading to a network pause, as previously reported by AMBCrypto.
The common factor behind these disruptions was identified as ‘Inscriptions’. Like Arbitrum, the network faced a sudden increase in transactions due to inscriptions.
According to a report from HildobbyThe zkSync era saw a sudden increase of over 400,000 entries per hour. This aligned with a broader trend of transaction disruption caused by inscriptions.
Source: Dune Analytics
Despite the challenges, the zkSync Era showed resilience by successfully managing the increased traffic. This was evident in the subsequent resumption of block production.
The TVL and volume of zkSync remain stable
L2 strokes Data showed that despite the recent increase in transactions, there has been no change in Total Value Locked (TVL) for the zkSync era. The latest information shows that the TVL has decreased by more than 9% in the past 24 hours.
At the time of writing, the drop brought TVL to approximately $504 million. Despite this decline, zkSync Era maintained its position as the fourth largest Layer 2 (L2) platform, with a daily volume by approximately $41 million.