Canto Blockchain Suffers Two-Day Outage Amid Consensus Issue

Layer-1 blockchain Canto has been offline since Saturday following a "consensus issue." The CANTO token initially dropped by 21%, before recovering over the course of the weekend. Data from Etherscan shows that three transactions were processed on Aug. 10 and no activity has taken place since then. "Canto chain is currently experiencing an issue with consensus that has caused the chain to halt," Canto said in an announcement on X. Canto experienced a period of explosive growth after going live in August last year, and TVL surged to more than $200 million in March as investors flocked to a series of DeFi services like lending, staking and liquidity provision.

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