- The Sui network recently suffered an outage.
- The downtime triggered user frustration and a token price dip.
- Sui has addressed its community.
Layer-1 blockchain Sui has emerged as one of the year’s rising stars, celebrated for its strong performance and fast-expanding ecosystem. The network has established itself among the top-performing blockchains just over a year since its launch, maintaining a solid streak of growth throughout the year.
However, a recent glitch on the network has dampened its track record.
Lights Out on Sui
The Sui blockchain experienced a significant disruption on Thursday, November 21, 2024, when block production abruptly ceased, plunging the network into a blackout.
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Sui’s outage, the first major one on the network since launch, began around 9:15 a.m. UTC and lasted nearly two hours. This sparked widespread frustration across the community, with several users voicing concerns that the incident undermined the network’s reliability.
The blockchain’s native token took a hit in the immediate aftermath of the disruption, suffering a 5% price slip within a brief period. Additionally, the blackout led to service disruptions on various platforms, including the South Korean exchange Upbit, which temporarily halted deposits and withdrawals due to downtime.
In response to mounting concerns, Sui’s team issued a public address to clarify and provide updates on the situation.
Sui Network Addresses Outage
About an hour after the issue began, the Sui network took to X (formerly Twitter) to address the situation. The team acknowledged the problem, assuring the community they had identified the issue and deployed a fix.
The network explained the root cause of the two-hour downtime, stating that a bug in transaction scheduling logic caused a crash in its validators.
Following the fix, the Sui network announced the full resumption of services, emphasizing that the chain was is again operational and processing transactions as normal.
On the Flipside
- Sui has been touted as a better version of Solana, a blockchain known for notorious outages. Ironically, this recent glitch now puts both blockchains in the same boat.
- The native token SUI has recovered slightly, trading at $3.58 at press time.
Why This Matters
Network outages can cause significant disruptions, undermining trust among users who rely on the system. Sui’s outage serves as a reminder that stability and reliability are non-negotiable in blockchain networks to ensure a secure and dependable user experience.
Read this article for more about recent declines in the SUI token:
SUI Struggles to Grip $3 in 10% Retreat from Record High
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