Blast network stops producing blocks due to issues related to Ethereum's Dencun upgrade

The Blast network went down and no blocks were produced from around 14:05 GMT to around 16:15 GMT, according to a Blast block explorer. 

"The Blast Mainnet has stopped producing blocks due to issues related to Ethereum’s Dencun upgrade," the project posted on X. "Core engineering contributors are working on a fix. We’ll share an update and post-mortem once the fix is live (eta 30-60 min)."

The Blast network is an experimental Layer 2 network built on top of Ethereum that offers native yield on assets. The total value locked in smart contracts on the network — or contained in its Ethereum multi-sig wallet — is around $2.96 billion, according to L2 Beat.

A number of protocols, including Orbit Protocol, Ring Protocol and Pac Finance, have been built on Blast or expanded to it.