Ethereum infrastructure provider, Infura, is facing a service outage. Infura runs Ethereum nodes on behalf of projects and companies in the Ethereum ecosystem. Without it, these projects are unable to see what's happening on the Ethereum blockchain.
This issues with Ethereum have caused several crypto exchanges, including Binance, to suspend the withdrawal of Ethereum and ERC-20 tokens.
According to its website, Infura has "identified the root cause and are preparing a fix to restore service functionality."
This update was published at 09:47 UTC. About half an hour earlier, the Infura team said, "We've brought additional capacity online for the affected components and are continuing to triage the root cause of the outage. System recovery operations are in progress."
It also says the on-call team is "investigating and working to restore service functionality."
"We do not rely entirely on one provider and we are still up with no issues. Just that we are now working with let’s say 50% force, but yeah, Infura is dead," Ian Kane, head of communications of Dappradar, told Decrypt. Dapper added that Dappradar may experience some delays, but that data processing remains in tact.
Changpeng Zhao, Binance CEO, tweeted about this chain split, saying, "We're resolving now but have temporarily closed withdrawals. Funds are #SAFU."
In addition, Ahmed Al-Balaghi, Co-Founder & CEO of Biconomy, said, "As the industry grows and matures, we will certainly see more and more reliance on centralised third parties, particularly in infrastructure. Outages like this can really help spur more innovation and adoption of decentralized infra."
The outage is also having an impact on MetaMask, a widely used Ethereum wallet. What's more, there is speculation the outage could have an impact on decentralized finance (DeFi).
"We love to talk about decentralization, but Infura is the AWS of the Ethereum ecosystem. Thousand of projects use Infura to get data from blockchain, including exchanges and Metamask," tweeted Raul Marcos, founder of Carbano.
This is breaking story and will be updated shortly.