The global Cloudflare outage paralyzed a significant part of the Web3, rendering browsers, aggregators, and essential services like Arbiscan or DefiLlama inaccessible.
The incident comes just weeks after an AWS outage, revealing a critical dependency of the crypto ecosystem on centralized providers and weakening traders and platforms.
Cloudflare’s stock (NET) dropped by 3.5% during the interruption, raising doubts about operational reliability as the company prepares to launch its NET Dollar stablecoin.
Global traffic faltered this Tuesday when Cloudflare stopped responding. Within minutes, the most visited crypto sites displayed internal errors. For millions of users, the Web3 ecosystem came to a standstill, impossible to load. Another reminder of the fragility of the infrastructure supporting decentralized finance, exchange platforms, and block explorers.
Cloudflare: a blackout affecting heavyweights
Toncoin reports a major interruption. Arbiscan returns inaccessible pages. DefiLlama shows repeated internal errors. Even X, accustomed to traffic spikes, appears intermittently. Across the ecosystem, the same message flashes on screens: error 500.
A code that, in the web world, means one simple thing. The server cannot respond anymore. Users have no way to circumvent the problem until the infrastructure restarts. When Cloudflare falls, a part of the Web falls with it.
Cloudflare acknowledges the outage
At 11:48 UTC, the company confirms investigating a global failure impacting dashboards, APIs, and clients. A direct mention of multiple, simultaneous, and unavoidable 500 errors. A rare admission highlighting the scale of the problem.
Observers immediately note a concerning parallel. This outage comes barely weeks after a massive AWS interruption, which had immobilized Coinbase, Base, and Robinhood. Two infrastructure giants facing difficulties within days of each other. A situation already fueling discussions on the critical dependency of crypto actors on centralized providers.
BitMEX also affected
The historic exchange confirms interruptions linked to the Cloudflare outage. For traders, the situation reminds that any cut can disable essential tools in the midst of market movements. In a sector where every minute matters, this vulnerability never goes unnoticed.
NET stock drops during the outage
Investors react immediately. NET stock has declined by 3.5%. A sharp drop for an infrastructure provider rarely found at fault. The company remains under scrutiny since the announcement of NET Dollar, its future stablecoin pegged to the dollar, not yet launched. An ambitious project that requires absolute trust in its technical reliability.
A new alert for the crypto industry
Although everything seems to be back to normal, each incident of this kind reinforces the same conclusion. Web3 may promise decentralization, autonomy, and resilience. However, a significant part of its public access still relies on centralized services like Cloudflare or AWS. The outage numbers show how deep this dependency is.
The simultaneous unavailability of explorers, data tools, and social platforms creates an immediate domino effect. Users lose visibility on networks. Traders lose their interfaces. Entire ecosystems fall silent, all during an outage.
A brief cut, but a clear message. When the infrastructure wobbles, the entire crypto economy holds its breath.
