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Average daily transactions on Sei Network surged by 489%, increasing from 102,000 on September 18, 2024, to 601,000 on December 10, 2024, indicating the growing utility of its infrastructure. Concurrently, lzRead experienced a stress test due to a referendum fee switch vote, impacting some DVNs temporarily. Following this, Stargate Finance faced an outage lasting approximately eight hours, leaving user funds in limbo due to its reliance on only two DVN nodes for cross-chain message verification. As a result of increased traffic, Nethermind reported a DVN scaling issue but confirmed that its systems are now fully operational. Stargate Finance is currently processing 385 transactions per minute, surpassing Chainlink's CCIP daily throughput. Both teams are actively monitoring the situation to enhance infrastructure stability and prevent future issues.
Looks like everything is back to smooth for the most part. lzRead is a very different primitive from core messaging and it got totally beat up today (highest volume LZ day since around TGE). Great stress test for read, not great that that part of DVN stress caused issues for…
Our LayerZero DVN is now fully operational. Together with LayerZero team, we will be monitoring the DVN for the next few hours to ensure stability of the infrastructure and implement proactive measures to prevent similar issues from arising in the future. We will provide more… https://t.co/qFafA6gLWf
Looks like @NethermindEth DVN is back up and @StargateFinance is currently processing 385 transactions per minute (more than Chainlink's CCIP does in an entire day). Nethermind already working on ways to increase DVN throughput -- multi-client multi-DVN environment adds…