Aurora Mainnet Goes Down as TVL Drops More Than 99% From Peak
Suehyeon Lee
Summary
- Onchain Lens reported that Aurora mainnet stopped operating at 2:16:11 a.m. UTC on July 20 and remains unavailable.
- Aurora is a NEAR Protocol-based EVM-compatible network that raised $12 million in funding in 2021 from investors including Pantera Capital, Electric Capital and Dragonfly Capital.
- According to DefiLlama, the network’s total value locked (TVL) fell more than 99%, from a peak of about $2.5 billion in 2022 to about $4.65 million.
Forecast Trend Report by Period
Aurora, an Ethereum Virtual Machine-compatible network built on NEAR Protocol, has suffered a mainnet outage.
Onchain Lens reported that Aurora’s mainnet stopped operating at 2:16:11 a.m. UTC on July 20 and remains unavailable.
Aurora is an EVM-compatible network built on NEAR Protocol that supports Ethereum-based applications and smart contracts at relatively low cost. It raised $12 million in 2021 from investors including Pantera Capital, Electric Capital and Dragonfly Capital.
According to DefiLlama, Aurora’s total value locked peaked at about $2.5 billion in 2022 before falling more than 99% to about $4.65 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.