Arbitrum Network Experiences Outage Amid Traffic Surge

Offchain Labs investigates potential link to surge in 'inscriptions', a data format recently used on the network.

Arbitrum, an Ethereum scaling network, experienced a 'partial outage' on Friday, halting activity on the Arbitrum One blockchain due to a significant surge in network traffic.
Offchain Labs, the company behind Arbitrum, is investigating the cause of the outage, which lasted for over an hour.
Arbiscan, a blockchain explorer for Arbitrum, initially attributed the network’s failure to a 'surge in activities due to inscriptions', a type of data format used in some blockchain networks.
Inscriptions have recently been used on Arbitrum and have accounted for 30% of all traffic on Arbitrum One in the last week.
Despite the technical issues, the market for Arbitrum's ARB token remained stable.