EIGEN -12.7% as Network Outage Impacts Transaction Speeds

Earlier today, EIGEN experienced a sharp decline of 12.7%, dropping to $1.427 on August 23, 2025, amid reports of a widespread network outage affecting key nodes in its decentralized architecture. The disruption caused prolonged transaction times and delayed smart contract executions, raising concerns among developers and investors about the platform’s reliability during high-volume periods.

Network Congestion Sparks Technical Investigations

The outage, which began late Tuesday, caused node synchronizations to stall for over two hours. Users reported increased gas fees and failed transactions, leading to a backlog that the system is currently working to resolve. EIGEN’s technical team has since issued a statement acknowledging the issue, and noted that the cause appears to be related to a recent upgrade of core infrastructure protocols.

Community Response and Developer Statements

On developer forums, many have called for increased transparency and a detailed post-mortem analysis. A core contributor under the alias node311 noted, “This isn’t the first time we’ve seen performance bottlenecks, and it shouldn’t be the last. The solution must be systemic, not reactive.” Despite the setback, many in the community remain optimistic, citing EIGEN’s recent 2310.34% rise over the past month as evidence of its underlying strength.

Price Volatility in Context

While the 12.7% drop is significant in the short term, it must be understood in the context of EIGEN’s broader trajectory. The token has surged by 720.72% in the last seven days and has been among the top-performing assets in recent months. Analysts project that, provided the technical team resolves the current bottleneck and rolls out a robust fix, the price could stabilize within the week.

Looking Ahead

EIGEN’s leadership has outlined a roadmap to enhance node resilience and improve transaction throughput. A patch is expected to be deployed in the coming days to prevent similar outages. However, the incident has highlighted the need for more rigorous testing before major network upgrades are deployed.

The current situation remains fluid, with market participants closely watching for any further technical developments and their impact on investor sentiment.