ChainCatcher news, Degen officials stated on social media that they have decided to migrate DEGEN L3 to move away from the difficulties of the Rollup deployment platform Conduit services. "They have held our rollup keys for months, and we may need to restart a new chain."DEGEN L3 processes over $200,000 in bridging transaction volume daily. Conduit pushed a bad upgrade without notice, resulting in 54 hours of downtime and causing a loss of $160,000 in user funds. Subsequently, bridging transaction volume dropped by over 75% in the following month.After the incident, Conduit refused to take responsibility for the community's losses, rejected Degen's chain upgrade requests, and withheld sequencer fees while demanding the signing of a new contract to avoid liability.Since early August, the Degen team has been working to reach a solution with Conduit to migrate the custodial services of DEGEN L3, and it has now been determined that Conduit has not been cooperating in good faith.

ChainCatcher news, according to the official Conduit blog, Conduit announced yesterday the launch of the brand new Conduit Marketplace, aimed at providing a one-stop integration solution for Rollup teams. The platform brings together tools from 48 partners, allowing Rollup developers to easily find, purchase, and integrate various on-chain application needs. With the "one-click integration" feature, developers can quickly add selected tools to their Rollup without leaving the Conduit platform.Previous news, the Rollup deployment platform Conduit has completed a $37 million Series A funding round, co-led by Paradigm and Haun Ventures.

ChainCatcher news, the Rollup deployment platform Conduit announced the completion of a $37 million Series A funding round, led by Paradigm and Haun Ventures, with participation from Bankless Ventures, Coinbase Ventures, and others. It is reported that since its launch, Conduit has helped teams like Degen and Proof of Play build their first L3.According to the Web3 crypto asset data platform RootData, Conduit completed a $7 million seed funding round last March, led by Paradigm.

According to ChainCatcher news reported by Cointelegraph, a multi-signature crypto wallet has access to 12 different blockchain networks, which means that if this wallet is attacked, funds from all 12 networks could potentially be drained, with losses possibly reaching $121 million.According to data shared recently by L2Beat researcher Luca Donno on X, these networks include Zora, Aevo, Hypr, Orderly, Ancient8, Lyra, Mode, Pgn, Parallel, and Metal, all of which are software created using Conduit rollup.Conduit founder Andrew Huang stated that the wallet cannot make transactions without three of the five signatures from the team. Huang added that the system will be upgraded "in the coming weeks" to require 5 out of 7 multi-signatures for transactions instead of 3 out of 5. He also mentioned that once L2 enters the decentralized "Phase 2," centralized risks will be further reduced.

ChainCatcher message, Conduit released a post-mortem analysis report regarding the previous downtime incident of Degen Chain. On May 10, Conduit increased the batch size for Degen and Proof of Play Apex to 10MB to reduce costs, which delayed the time for data to be batch published from these networks to their parent chain. On May 12, this configuration was reverted to fix the batch publishing. This led to reorganizations on both networks, as the batch was published after a 24-hour forced inclusion window. Arbitrum Nitro will insert any inbox messages before any transactions in the batch and replay those transactions using the new timestamps.After the reorganization, nodes returned with corrupted databases due to their depth not being well handled by geth. This required resynchronizing the data directory from genesis. The synchronization time for each network exceeded 40 hours, with a replay rate of about 100M gas/s. Once the nodes were resynchronized, Conduit attempted various transaction replay strategies, although not all transactions could be recovered, as some relied on precise timestamps.After negotiating with each rollup team, Conduit discussed and concurrently tried various strategies to bring the network online and restore the state prior to the reorganization. The Degen Chain network was restored online 54 hours after the outage. The Apex chain of Proof of Play was restored around the same time but became available to the public only after implementing another recovery solution.Conduit stated that it has improved alerts and monitoring for the Orbit chain to cover such situations and is committed to working with Offchain Labs to enhance the observability of all Orbit chain operators. The team will continue to invest in and research mechanisms to better simulate mainnet conditions and transaction payloads in a testing environment. The Degen Chain Explorer is now displaying the latest status of Degen Chain normally.

ChainCatcher message, Degen posted on platform X stating that Conduit estimates the resynchronization of Degen L3 will be completed at 6 AM Pacific Time (9 PM Beijing Time today). After resynchronization, the chain will be tested to ensure that all data affected by the reorganization is restored. Conduit has snapshots and complete transaction histories of two chains (Degen and Proof of Play's Apex). Currently, the nodes of both chains are resynchronizing from the genesis.

ChainCatcher news, the Base ecological project Degen stated on its social platform that it is currently experiencing data delays with Farcaster on Dune and is actively working with Dune to resolve this issue.In addition, the L3 chain is facing downtime issues, and we are addressing this problem through Conduit.ChainCatcher previously reported that according to on-chain data, the L3 chain Degen Chain has stopped block production for over 10 hours.

ChainCatcher message, the Rollup-as-a-service project Conduit announced on social media that it has activated the Ecotone network upgrade on 9 mainnet OP Stack chains, with current transaction fees below $0.001.

ChainCatcher news, the Uniswap Foundation stated on social media, "We are pleased to see that the crypto infrastructure Conduit has actively launched the Optimistic rollup version enabling EIP 1153 and the Testnet version of Uniswap V4, but we clarify that the Uniswap Foundation does not intend to promote it to the mainnet or establish a formal partnership. The testnet is a collaborative space, welcoming all protocols to participate; participating in the testnet does not imply a formal partnership. We appreciate the tireless efforts and contributions of various projects like Conduit to the ecosystem."ChainCatcher previously reported that the crypto infrastructure startup Conduit announced a partnership with the Uniswap Foundation, and the two parties will jointly launch the Uniswap V4 sandbox based on the OP Stack rollup.

ChainCatcher news, the crypto infrastructure startup Conduit announced a partnership with the Uniswap Foundation to jointly launch the Uniswap V4 sandbox based on the OP Stack rollup.It is reported that users can build customized AMMs on the Uniswap contract through this product while still interoperate with existing liquidity.According to the crypto data platform RootData, the crypto infrastructure startup Conduit completed a $7 million seed round financing in March this year, led by Paradigm. Conduit will help developers launch applications based on Optimism and provide hosting services.

ChainCatcher news, the encryption infrastructure startup Conduit announced the completion of a $7 million seed round financing, led by Paradigm. Conduit provides hosting services to help developers easily and quickly deploy their applications to Optimism.It is reported that Conduit and the Optimism Foundation will work together to support developers in launching applications on-chain and transitioning to its upcoming Superchain blockchain network. (source link)