The Sui blockchain, supposedly a viable rival to Solana, was down for over two hours right now, 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. Because of this, SUI holders had been unable to ship the token anyplace.
In the course of the outage, SUI’s value fell from $3.56 to a low of $3.36. Its value is presently $3.64, in accordance to CoinGecko.
The X account of Move Finance, a decentralized change utilizing the Sui community, stated the blockchain was experiencing points “related to validator operations.”
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“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 present, the Sui standing website 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.”
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