Starknet restarts after 4-hour outage caused by Grinta upgrade bug
Starknet, a leading Ethereum Layer 2 network, experienced a complete four-hour freeze following its Grinta upgrade due to a node synchronization bug. All transactions and smart contracts were halted, shaking user confidence in Layer 2 reliability. The Starknet team swiftly identified the fault, applied a fix and relaunched the network, turning the incident into a live crash-test. Community reactions ranged from concern over Layer 2 maturity and institutional readiness to calls for improved testing procedures. Meanwhile, two emerging projects capitalized on heightened market attention: Token6900 (T6900), a hybrid ICO token with programmed scarcity and tiered pricing, raising anticipation ahead of its claim event; and Bitcoin Hyper (HYPER), a Bitcoin Layer 2 integrating Solana VM to enable fast, low-cost smart contracts, attracting over $12.7 million in presale. The outage highlights both the fragility of major protocol updates and the ongoing innovation in scaling solutions and token offerings.
Neutral
In the short term, the four-hour Starknet outage due to the Grinta upgrade bug may have dampened trader confidence in Layer 2 scalability and reliability, creating cautious sentiment around ETH-based scaling solutions. However, the rapid fault detection and network restart demonstrate robust team response, mitigating longer-term impact. Historical precedents (e.g., Optimism and Arbitrum testnet hiccups) show that quick recovery often reassures markets. Furthermore, attention has shifted to emerging projects like Token6900 and Bitcoin Hyper, suggesting a diverse focus among traders. Overall, the episode underlines the importance of rigorous testing while maintaining a neutral outlook: short-term volatility is possible, but long-term faith in Layer 2 innovation remains intact.