Lighter, the Ethereum Layer-2 platform designed for low-cost perpetual trading, faced its first major outage last week, barely 10 days after its public mainnet debut.
The platform went offline for nearly five hours during one of the most turbulent trading sessions in recent memory, leaving many users unable to manage positions. Between 10:30 PM EST on October 10 and 3 AM EST on October 11, Lighter’s systems were hit by what the team called an unprecedented load.
The outage, they said, was caused by a database failure inside the sequencer—Lighter’s engine that processes every order, deposit, withdrawal, and cancellation on the network. In the hours leading up to the failure, the crypto market witnessed an hour that some traders described as “the most volatile in 10 years.”
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