Degen Chain Stops Producing Blocks

Degen Chain, an L3 network on Base developed by Syndicate for the DEGEN memecoin, has stopped producing blocks for over 19 hours as of 4:15 p.m. ET the previous day. The chain stopped validating new transactions, which affects all of its services, including Relay Bridge, DegenSwap, Mint Club, and Frogswap. The Degen Chain team is working with Conduit, the rollup infrastructure provider, to restore functionality. DEGEN continues to trade on Base, though it was down about 8% over the prior 24 hours.