The disruption in the dYdX perpetual futures exchange’s underlying blockchain, known as the dYdX Chain, on Monday was caused by an incorrect bug patch implementation in the Cosmos IAVL library. The planned upgrade to version 4 of the chain encountered a snag, resulting in more than nine hours of downtime.
Despite the unexpected shutdown, the dYdX Chain was able to quickly address the software issue and resume block production by Monday afternoon. Validators collaborated to apply the necessary fix and restart the network, ensuring a smooth restoration process. Importantly, this fix was designed to maintain compatibility with earlier versions of the blockchain, preventing any disruptive changes.
Interestingly, the trading activity on dYdX’s perpetual futures decentralized exchange (DEX) was not affected by the interruption. The DEX underwent several small upgrades alongside the Chain’s version 4 upgrade, including a new feature that allows the community to vote out validators. These upgrades were well-received by the community, as evidenced by last week’s near-unanimous vote in favor of the upgrade.
However, Monday’s outage was not entirely unexpected, as it was mentioned in the upgrade’s planned maintenance report as a possibility. This serves as a reminder that even with community support, technical upgrades can still come with interruptions.
The dYdX Chain is an application chain developed using Cosmos technology specifically for the dYdX derivatives trading platform. Since its beta launch in November, the chain has seen numerous improvements, including the introduction of liquid staking for its native dYdX token.
In other crypto news, Ripple’s price is currently facing uncertainty amidst a neutral trend, with questions arising about whether XRP can reach the $1 mark.
