Ethereum Layer-2 Solution Base Network Faces First Downtime Since Launch

Base Network, Coinbase's ethereum layer-2 scaling solution, experienced its first operational disruption since its launch in 2023. The network halted block production, deposits, withdrawals, and flashblock operations for 29 minutes before services were restored. The outage, which occurred at 06:15 UTC, was attributed to an "unsafe head delay," a technical issue that prevented block confirmation. The team quickly identified and resolved the problem, ensuring minimal impact on users. Despite this minor setback, Base Network continues to demonstrate its reliability and potential as a key player in the Ethereum ecosystem. As of August 2025, the network remains a promising solution for scaling Ethereum and enhancing its capabilities in the decentralized finance (DeFi) space.

Base Network Experiences First Downtime Since Launch, Halting Operations for 29 Minutes

Base, Coinbase's Ethereum layer-2 scaling solution, suffered its first operational disruption since its 2023 debut. The network ceased block production, deposits, withdrawals, and flashblock operations for 29 minutes before services were restored.

The outage occurred at 06:15 UTC due to an "unsafe head delay," a technical fault that impeded block confirmation. The team identified and resolved the issue by 06:44 UTC, implementing additional monitoring to prevent recurrence.

This incident marks a notable break in Base's previously unblemished uptime record. The network has become a significant player in Ethereum's layer-2 ecosystem, amassing $4.2 billion in total value locked—$1.5 billion of which is tied to the Morpho lending protocol.

Linea Introduces Auto-Staking for Bridged ETH via Lido to Enhance Yield Efficiency

Linea, an Ethereum LAYER 2 solution developed by Consensys, is launching a groundbreaking feature called Native Yield. This innovation automatically stakes ETH bridged to the network using Lido v3, enabling users to earn 3–5% staking rewards without manual intervention. The move addresses inefficiencies in DeFi, where capital often sits idle or chases unsustainable short-term yields.

The feature sends bridged ETH back to Ethereum mainnet for staking via Lido while remaining usable on Linea. This dual functionality allows liquidity providers to benefit from Ethereum's proof-of-stake rewards while participating in Linea's DeFi ecosystem. The rewards originate from Ethereum's native staking mechanism, not from risky lending protocols.

Linea's team criticizes the current DeFi landscape as plagued by transient yield opportunities and opaque risks. Native Yield represents a paradigm shift toward sustainable capital productivity from the moment assets are bridged. The solution could significantly improve capital efficiency across Layer 2 ecosystems.

Base Network Outage Disrupts Transactions, Highlights Decentralization Concerns

Coinbase's Ethereum Layer-2 network Base suffered a 30-minute outage on August 5, 2025, halting block production at height 33,792,704. The disruption froze deposits, withdrawals, and Flashblocks operations—marking the network's first major downtime since launch.

While quickly resolved, the incident reignited debates about infrastructure reliability in decentralized ecosystems. "It's a sharp reminder that decentralization still matters," tweeted @VJweb3, juxtaposing Base's stumble against hypothetical "lightning fast" chains.

The outage occurred as Base reportedly surpassed solana in new token launches, compounding scrutiny of its technical resilience during growth phases. Network operators continue monitoring stability after restoring operations.

CrediX Recovers $4.5M in Stolen Crypto Through Exploiter Negotiation

CrediX, a money market abstraction protocol, has successfully recovered $4.5 million in stolen cryptocurrency following a private settlement with the attacker. The funds, stolen in a Monday breach, were bridged to Ethereum via a Tornado Cash-funded wallet. The exploiter agreed to return the assets in exchange for an undisclosed payment from CrediX's treasury.

Affected users will receive refunds within 48 hours. This resolution marks a departure from traditional recovery methods, highlighting the growing trend of negotiated settlements in crypto hacks. Blockchain security firm Cyvers confirmed the theft's scale, underscoring the protocol's swift response.