Arbitrum network RPC is almost completely down

On March 23rd, according to ChainList data, the Arbitrum network continued to be congested, with almost all RPCs down.

Interpretation of this information:

The message highlights the current state of the Arbitrum network, reporting that it is still congested as of March 23rd. The congestion is impacting the network’s RPC (Remote Procedure Call) functions, with almost all of them currently down. This is problematic for users who rely on the network to execute smart contract transactions.

The congestion on the network is not entirely surprising, given the increased popularity of Arbitrum recently. It is a layer-2 solution that aims to improve the scalability and reduce the gas fees on the Ethereum blockchain. As Ethereum itself is a popular blockchain, the influx of users to Arbitrum was expected. However, the congestion and downtime of RPCs have been a recurring issue.

The downtime of RPCs can lead to several consequences. For one, users may experience delays in executing smart contract transactions. Additionally, the lack of access to RPCs hinders developers from building and testing new applications. This can cause delays in the development process and may even discourage developers from building on the network.

To address the issue of network congestion and RPC downtime, the Arbitrum team has been working on solutions. For instance, the team has increased the number of validators that process transactions on the network. Additionally, the team is working on an improved mechanism for gas pricing.

In summary, the message reports that the Arbitrum network is currently congested, with most RPCs down. While this is not an ideal situation for users and developers, the Arbitrum team is working on solutions to address the issue. Given the network’s popularity and potential to revolutionize the Ethereum blockchain, it is likely that the Arbitrum team will continue to work on ways to improve the network’s performance.