• On February 22, PolygonScan stopped adding new blocks for over an hour, leading to rumors of a re-org on the Polygon (MATIC) blockchain.
• According to MATIC co-founder Sandeep Nailwal, the issue was caused by an “unusually big” block reorganization and users were advised to utilize a different network.
• Despite the outage, on-chain metrics such as transaction volume and active addresses remained normal.
PolygonScan Interruption Causes Rumors of Reorganization
On February 22, PolygonScan stopped adding new blocks for over one hour and speculation began regarding a possible re-org on the Polygon (MATIC) blockchain. According to MATIC co-founder Sandeep Nailwal, the interruption was caused by an “unusually big” block reorganization and users were advised to utilize a different network.
No Impact on On-Chain Metrics
Despite the outage, there were no signs of impact when it came to on-chain metrics like transaction volume and active address count. The transaction volume was approximately 24.8 million at the time of writing with no noticeable decrease from that recorded two days prior (over 31 million). Additionally, 800,000 active addresses were recorded during the day of the outage which is also similar to figures recorded in previous days.
Price Movement
At press time, Polygon (MATIC) had dropped 2% in price trading at around $1.3 per token. However, it is noteworthy that despite this drop there was still an increase of 0.65% in price during the preceding trading session when compared with figures from before the outage occurred.
Conclusion
Overall it seems that although there was some disruption due to an unusually big block reorganization occurring on Polygonscan causing rumors about a potential re-org on Polygon’s MATIC blockchain – this did not have any significant effect as seen through observations of its transaction volume and active address count staying normal throughout this period. In terms of price movement we can see that while there has been some downward pressure since then – there was still a minor increase in price recorded during this same period indicating that any effects might not be too severe overall and should not cause lasting damage or significant losses for traders or investors who are holding onto their MATIC tokens through this period..
FAQs
Q: What caused the interruption?
A: An „unusually big“ block reorganization which led to competing versions of the chain’s permanent record occurring two minutes before Polygon reported its nodes became out of sync caused this disruption.
