Avalanche Suffers Unexpected Network Halt for 3 Hours

Avalanche $AVAX , known for its speed, ironically came to a standstill for over 3 hours due to a rare bug in its consensus engine. Thousands of dApps were frozen, and AVAX lost 14% of its market cap in the chaos. The Avalanche Foundation blamed “unexpected validator sync issues” and promised a swift fix. The glitch also caused issues for DeFi projects like Trader Joe and Pangolin, which rely on AVAX’s throughput. Ethereum $ETH and Near Protocol (NEAR) capitalized on the outage, seeing increased bridge activity. This raises questions about Avalanche’s claim of being a “high-speed Ethereum

killer.”