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FollowingUnexpected suspension of Robinhood blockchain raises questions
On September 4, the Robinhood Chain network experienced a temporary interruption, resulting in a suspension of production of new blocks. During this period, transactions cannot be recorded on the blockchain.
Why is the network suspended?
According to Blockscout data, the network has not registered any new transactions in 13 minutes. Block production has since returned to intermittent status, with the last observed block showing a timestamp of 21:06.
Is user growth too fast?
The disruption coincides with Robinhood's efforts to expand its on-chain financial infrastructure. The US-based fintech company, known for its stock trading and digital asset services, is now focusing more on blockchain development.
Analytical data shows that since the main network was launched on July 1, the usage of Robinhood Chain has increased rapidly. In the first few weeks, the network's average daily transaction volume was about 22,000. However, by mid-July, the number had soared to 8.5 million, with average daily activity surging by a staggering 38,350%.
The specific reasons for the brief interruption have not been announced, and there is no indication that the increase in usage directly led to the suspension. It can be observed that there was an interruption during the block creation process and then returned to normal.
Robinhood Chain did not issue any official statement on its status page regarding the September 4 outage. The reasons for the temporary network shutdown were not disclosed to the public.
The interruption occurred at a time when the platform was receiving more attention due to rising trading volume. An in-depth technical review is expected to reveal more details about the incident, and these emerging details may further explain how the network adapts to a growing audience and address potential problems.
Blockscout data showed that Robinhood Chain did not record new transactions for 13 minutes, followed by intermittent block production.
