Aptos (APT) Encounters Incident, Blockchain Stalled for Over 4 Hours
Aptos appears to have faced its first major incident as its blockchain failed to record new transactions for over 4 hours, causing a subdued reaction in APT prices.
Aptos (APT) Encounters Incident, Blockchain Stalled for 4 Hours. Photo: Vecteezy
Update as of noon on October 19, 2023:
By noon on October 19, Aptos reported that the issue had been resolved, and the blockchain had resumed normal block generation. However, the project did not disclose specific reasons for the incident.
The issue has since been resolved and the network is operating normally.
— Aptos (@Aptos) October 19, 2023
Original Article:
According to Wu Blockchain, Aptos has been non-operational for over 4 hours. Data from the AptoScan block explorer indicates that the Move language-based blockchain halted new block creation at 104621314. The most recent transaction recorded occurred at 06:11 AM on October 19 (Vietnam time).
The last transaction was processed over 4 hours ago. Photo: AptoScan
Additionally, exchanges such as Upbit and OKX have temporarily suspended deposits and withdrawals of Aptos' token (APT).
In response to the situation, the project confirmed network issues and is actively working to resolve them.
Your energy for Aptos One was so electric, you cut the lights!
— Aptos (@Aptos) October 19, 2023
What that means at the moment is that transactions on the network have been impacted. We are working diligently to resolve the issue and will keep you updated upon completion.
Notably, today marks the 1-year anniversary since the mainnet launch of the network, and this appears to be the first prolonged network downtime incident.
The countdown to the Aptos Mainnet anniversary starts NOW, and we want to celebrate with YOU! #AptosOne🎈🥳
— Aptos (@Aptos) October 16, 2023
Join @Aptos_Network to commemorate Aptos’ birthday, with the Aptos Foundation and leaders from across the ecosystem.
📆 October 18 at 6pm PT
🎧 https://t.co/sc1nYaIkwW pic.twitter.com/2vMAFmm8hf
APT prices have shown slight movements following the news and are currently trading around $4.9 USD, down over 1% in the past 24 hours.
Chart: 15-minute APT/USDT pair on Binance at 10:30 AM on October 19, 2023
Aptos has been a prominent layer-1 blockchain over the past year, launching its mainnet in October 2022 and making waves with a thousand-dollar airdrop campaign. The project successfully raised $350 million through multiple funding rounds.
Integration with the Indian social media platform Chingari has led to a 900% surge in new users on the layer-1 network by the end of July. Aptos currently has a Total Value Locked (TVL) of approximately $64 million, surpassing its competitor Sui, according to DeFi Llama data.
