March 11, 2023. USDC trades briefly at $0.87 after Silicon Valley Bank fails. Block 16,816,000 sits in the depeg weekend. Stablecoin trust resets within 48 hours, the chain itself never blinks.
The single eNAT minted from the canonical anchor block of this event.
Block #16,816,000 is outside the range covered by the indexer behind this network. The mainnet indexer may not have backfilled this height yet. The curatorial frame below remains valid regardless.
Showing no neighbouring blocks returned from the indexer.
The blocks immediately adjacent to the anchor, fetched live from the indexer. The protocol layer has thousands more in this window — this is a curated visual cut.
Burn, hash and mint state come straight from the indexer. Blocks the indexer has no record of are silently dropped from this fold.
None of the neighbouring blocks around this anchor are covered by the active indexer. Switching to a network whose indexer covers this height will populate the fold automatically.
The reason a frontend would point at this block at all.
A stablecoin is a centralized claim wrapped in an on-chain token. When the centralized side falters, the on-chain wrapper drifts. eDMT's marketplace exposes exactly this gap when it talks about wrapped wholes: an ERC-721 is a claim, the underlying eNAT lives somewhere else. The depeg weekend is the canonical reminder that wrappers are wrappers.
The protocol layer is silent on history. The narrative is always supplied by readers.
The full timeline of curated events.
Five halls, each centered on one moment of Ethereum since the EIP-1559 fork. Order is chronological; arrangement is editorial.
