Starknet, an Ethereum layer-2 rollup, is currently looking into an outage that has rendered the protocol offline for more than 4 hours.
“Starknet is facing downtime at the moment,” the project announced on X, adding that their team is “actively investigating the issue and striving to restore full functionality as swiftly as possible.”
Such downtime can lead to cascading effects across decentralized finance and other on-chain applications, resulting in interrupted swaps, postponed withdrawals, and challenges in updating positions.
Starknet has not yet disclosed the root cause, expected recovery time, or whether user funds are at risk.
CoinDesk attempted to contact the team for clarification but did not receive a response in time for publication.
The value of its native token, STRK, has remained relatively stable, showing an increase of just 1.92% in the past 24 hours according to CoinMarketCap.
