Sui network experiences outage with no new blocks in over 2 hours

Layer 1 decentralized blockchain Sui, known for its rapid deployment of smart contracts and its goal of becoming a Solana killer, experienced an outage today with no blocks being produced for over 2 hours.

Data from the Sui blockchain explorer SuiVision shows that the last block in the network was produced at 9:15 UTC, with no new blocks having been added to the network chain since.

Sui status page shows that the network is experiencing a “major outage” and the main network validators are down.

Industry observers react to Sui network outage

Several industry observers reacted to the project’s network outage. Many have highlighted the project’s goal of being one of Solana’s biggest competitors.

“The SUI blockchain is broken,” crypto YouTuber Ajay Kashyap said on X, before adding: “And they claimed to be a Solana Killer.” Many also call SUI “the Solana of this cycle”, in reference to the numerous outages the Solana network has experienced in the past.

“It is with great pause that I officially declare $SUI the next $SOL,” said Ben Armstrong, formerly known as BitBoy.

It is with great pause, I declare $SUI officially the next $ SOL.

How many times do I have to say it?

I look forward to hearing from the team on this. Solana taught us that it is better for a blockchain to be submerged than unused.

– The BitBoy (@BenArmstrongsX) November 21, 2024

A few major crypto exchanges also reacted to the outage by halting withdrawals and deposits via the Sui blockchain. Among these platforms is the South Korean platform Upbit.

Sui Team Says Fix Will Be Deployed “Shortly”

The outage had a negative impact on the price of SUIwhich abandoned more than 4% to trade at $3.49 as of 8:03 a.m. EST. Despite this decline, the crypto is still more than 78% in the green over the monthly period. Meanwhile, Solana’s SOL gained 2%.

Service Announcement: The Sui network is currently experiencing an outage and is not processing transactions. We have identified the issue and a fix will be deployed shortly. We appreciate your patience and will continue to provide updates.

– Sui (@SuiNetwork) November 21, 2024

The project team recently responded to the outage on X, stating that they had already identified the issue and would deploy a fix shortly.

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