On September 19, block production on that chain stopped, and by the evening of the 21st it still hadn’t resumed. In the same few days, its price rose 13.01%, reaching $4.4496. What was stopped was block production; what was moving was the price—two columns with readings from different sources.
Cardano’s market cap is about $8.99 billion, with a turnover of 6.2% and this round at 7.3%; Avalanche about $4.80 billion, 14.0%, and -0.7%; Polkadot about $2.01 billion, 9.5%, and 4.1%; MultiversX about $119 million, 18.5%, and 13.0%. The order by size is completely inverted relative to the order by turnover: the smallest one has the most frequent “hands-on” activity, and it’s also the only chain with block production stopped, while deposits and withdrawals were shut off first.
An actor tried to exploit an atomicity flaw at the virtual machine layer to produce an invalid state change; block production was therefore halted. Freezing doesn’t erase anything—records that have already been booked remain where they are. The starting point for resumption is to coordinate a hard fork from a known-good checkpoint, with two steps still queued before it: the patch is first validated on a shadow fork, then the validators’ recovery procedure is rehearsed. The progress as of September 21 is that the patch has passed internal tests, and the recovery checkpoint is ready.
I double-checked its upgrade parameters and usage. The version upgrade on September 10 compressed block production from 6 seconds to 0.6 seconds. More than 5,000 nodes updated the software together, and 84.2% completed within a day. Usage was 9.26 million accounts, 626 million transactions, 14.5 million tokens staked, and about $4.32 million locked on-chain. The wallet, browser, cross-chain bridge, and transaction entry points were marked as downgraded; the gateway and index remain usable. The project team says the attacker accounts have been frozen and that funds are safe—this is their own statement.
This round’s strength differs from the recovery progress source; what can be cross-checked are those three steps, and none of them are reflected in the price. If, after recovery goes live, all entry points return to normal and on-chain activity returns to the pre-pause levels, then this round’s strength is simply pricing in early—and this explanation would need revision. If the checkpoint is pushed back a second time, or if already-booked records were tampered with passively, then that reading holds. What truly needs watching is the checkpoint. On Binance’s order book, both MultiversX and the platform token BNB’s prices are laid out—whether to buy or not is up to you. $KERNEL
$ZETA
$PEPE
#multiversx计划协调硬分叉恢复
Cardano’s market cap is about $8.99 billion, with a turnover of 6.2% and this round at 7.3%; Avalanche about $4.80 billion, 14.0%, and -0.7%; Polkadot about $2.01 billion, 9.5%, and 4.1%; MultiversX about $119 million, 18.5%, and 13.0%. The order by size is completely inverted relative to the order by turnover: the smallest one has the most frequent “hands-on” activity, and it’s also the only chain with block production stopped, while deposits and withdrawals were shut off first.
An actor tried to exploit an atomicity flaw at the virtual machine layer to produce an invalid state change; block production was therefore halted. Freezing doesn’t erase anything—records that have already been booked remain where they are. The starting point for resumption is to coordinate a hard fork from a known-good checkpoint, with two steps still queued before it: the patch is first validated on a shadow fork, then the validators’ recovery procedure is rehearsed. The progress as of September 21 is that the patch has passed internal tests, and the recovery checkpoint is ready.
I double-checked its upgrade parameters and usage. The version upgrade on September 10 compressed block production from 6 seconds to 0.6 seconds. More than 5,000 nodes updated the software together, and 84.2% completed within a day. Usage was 9.26 million accounts, 626 million transactions, 14.5 million tokens staked, and about $4.32 million locked on-chain. The wallet, browser, cross-chain bridge, and transaction entry points were marked as downgraded; the gateway and index remain usable. The project team says the attacker accounts have been frozen and that funds are safe—this is their own statement.
This round’s strength differs from the recovery progress source; what can be cross-checked are those three steps, and none of them are reflected in the price. If, after recovery goes live, all entry points return to normal and on-chain activity returns to the pre-pause levels, then this round’s strength is simply pricing in early—and this explanation would need revision. If the checkpoint is pushed back a second time, or if already-booked records were tampered with passively, then that reading holds. What truly needs watching is the checkpoint. On Binance’s order book, both MultiversX and the platform token BNB’s prices are laid out—whether to buy or not is up to you. $KERNEL
$ZETA
$PEPE
#multiversx计划协调硬分叉恢复
