The Aurora blockchain network experienced a mainnet outage starting at 05:16:11 UTC, with the issue still unresolved at the time of reporting.
Aurora operates as an Ethereum Virtual Machine-compatible layer running on the NEAR Protocol that allows Ethereum-based decentralized applications to run with lower fees and improved scalability. This compatibility enables developers to port Ethereum dApps without major adjustments.
In 2021, Aurora secured $12 million in funding from prominent investors including Pantera Capital, Electric Capital, and Dragonfly Capital. The project initially gained traction by offering a scalable alternative to Ethereum’s high transaction costs, boosting its decentralized finance presence.
Despite its early success, Aurora’s total value locked (TVL) dropped from a peak of roughly $2.5 billion in 2022 to just $4.65 million recently, marking a 99 percent decline due to market contraction and diminished user interest.
The cause of the current outage has not been officially disclosed. It is unclear whether the disruption is linked to technical failure, maintenance, or another factor. Blockchain outages like this can temporarily disrupt user transactions, smart contracts, and DeFi apps running on the network.
Users are advised to monitor official Aurora channels for updates as the development team works on resolving the issue.
This article is for informational purposes and does not constitute financial advice.
