‘Solana killer’ Sui down, no blocks produced for more than 1 hour

By Cointelegraph
about 4 hours ago
SOL USDS FND SUI

Sui, a decentralized layer-1 blockchain designed for rapid smart contract deployment, experienced a significant outage on Nov. 21, halting block production for more than an hour.

The Sui blockchain went down on Nov. 21, with no blocks being produced for more than an hour, according to data from the Sui Network explorer, SuiVision.

According to the data, the last block occurred at 9:15 am UTC, with no new blocks produced since.

Solana, SUI

The last three transaction blocks on the Sui blockchain. Source: SuiVision

Multiple industry observers have reacted to the downtime, with many outlining Sui’s ambitions to be one of the biggest competitors to Solana (SOL), which is the fourth-largest cryptocurrency by market capitalization.

“SUI blockchain is down. And they claimed to be a Solana Killer,” crypto YouTuber Ajay Kashyap wrote on X.

The downtime has also impacted Sui (SUI), the blockchain’s native cryptocurrency, which has fallen nearly 11% at the time of writing, according to data from CoinGecko. However, the cryptocurrency is trading at around $3.40 and is still up around 75% over the past 30 days.

Solana, SUI

SUI 24-hour price chart. Source: CoinGecko

Related: Sky, formerly Maker, launches USDS stablecoin on Solana

Some major exchanges have reacted to the issue on the Sui blockchain. South Korean crypto exchange Upbit has temporarily halted SUI deposits and withdrawals, citing network issues.

At the time of writing, the Sui Foundation has not provided any information about the downtime. Cointelegraph approached the foundation for a comment regarding the issue but did not receive a response at the time of publication.

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