Avalanche is Down: AVAX Price is Dipping

Avalanche – one of the leading layer-ones – is experiencing what’s called a “major outage,” according to their official status page.

The outage is ongoing for some 16 minutes, according to the status page – at the time of this writing.

The problem appears to be related to a stall in block finalization:

Developers across the community are currently investingating a stall in block finalization that is preventing blocks from being accepted by the Primary Network.

Updates will be posted here as the issue is investigated.

Source: AVAX Status Page

Meanwhile, Avalanche’s AVAX token is dipping as the network goes down.

Source: CoinGecko

The price is down over 1.3% in the past few minutes, tanking by close to 3% on the day and 12% on the week.

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