Avalanche is Down: AVAX Value is Dipping

Avalanche – one of many main layer-ones – is experiencing what’s referred to as a “main outage,” in keeping with their official standing web page.

The outage is ongoing for some 16 minutes, in keeping with the standing web page – on the time of this writing.

The issue seems to be associated to a stall in block finalization:

Builders throughout the neighborhood are at the moment investingating a stall in block finalization that’s stopping blocks from being accepted by the Major Community.

Updates will probably be posted right here as the problem is investigated.

In the meantime, Avalanche’s AVAX token is dipping because the community goes down.

The value is down over 1.3% previously jiffy, tanking by shut to three% on the day and 12% on the week.