The Sui blockchain, supposedly a viable rival to Solana, was down for over two hours immediately, inflicting its native SUI token to drop 5.6%.
The decentralized layer-1 blockchain described as a “Solana Killer,” created its final block at 9:15 am UTC earlier than dropping out. Consequently, SUI holders have been unable to ship the token anyplace.
Throughout the outage, SUI’s worth fell from $3.56 to a low of $3.36. Its worth is presently $3.64, in response to CoinGecko.
The X account of Stream Finance, a decentralized trade utilizing the Sui community, stated the blockchain was experiencing points “related to validator operations.”
The Sui community is again up and processing transactions once more, because of swift work from the unimaginable neighborhood of Sui validators.
The two-hour downtime was attributable to a bug in transaction scheduling logic that brought on validators to crash, which has now been resolved. https://t.co/TJh2zwvQcD
— Sui (@SuiNetwork) November 21, 2024
“Rest assured, the Sui team is actively working on a resolution. Please note that all your funds are completely SAFU and secure,” it added.
At the moment, the Sui standing web site claims, “All Systems Operational.” It provides, “v1.37.4 patch has been rolled out on Mysten Validators and announced publicly for immediate rollout.”
An replace from Sui posted to X stated, “The 2-hour downtime was caused by a bug in transaction scheduling logic that caused validators to crash, which has now been resolved.”
