Sui blockchain suffers another network outage as transactions grind to a halt
CoinDesk
The Sui blockchain experienced a mainnet outage that halted transaction processing, marking the latest in a series of technical disruptions for the network.Summary
The Sui layer 1 blockchain, developed by Mysten Labs, is currently facing a network stall that has temporarily halted all transaction processing. The Sui Core team acknowledged the outage via social media and is actively working toward a solution, though the specific cause of the disruption remains undisclosed. This incident follows previous technical issues and performance degradation for the network, which was launched in 2023 to compete with major platforms like Ethereum and Solana. Following the news, the network's native SUI token saw an 8% decline in value over 24 hours.
(Source：CoinDesk)