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The Sui blockchain finally intervenes on X, stating that it is implementing a solution after experiencing a 51-minute network interruption. During that time, the blockchain was unable to process transactions and produce blocks.
Summary
The Sui blockchain: the solution to the 51-minute network interruption
Since yesterday, the news has been circulating that the Sui blockchain experienced a network interruption of 51 minutes. During this hour, Sui did not process transactions and did not produce its blocks.
Finally, a few minutes ago, the crypto project spoke on X stating that they have identified the problem and that a solution will be implemented shortly.
Service announcement: The Sui network is currently experiencing an outage and is not processing transactions. We have identified the issue and a solution will be implemented shortly. We appreciate your patience and will continue to provide updates.
Although the exact cause of the downtime has not been officially confirmed, such events are often linked to issues like software bugs, unexpected network congestion, or even security vulnerabilities.
The SUI development team should soon provide updates, clarifying the cause of the problem and describing the measures to prevent similar incidents.
SUI: the blockchain downtime and the crypto price dump
In the last 24 hours, a time frame in which the Sui blockchain experienced its downtime, the price of the crypto SUI is in a bear dump of -5%.
At the time of writing, SUI is worth $3.48 but had dropped to $3.35, probably before the post on X in which it announces having found the solution to the problem.
In general, the situation of SUI is not so critical, given that its price remains in the area of its all-time high, or ATH, reached on November 17 at 3.91$.
SUI is in 15th place in the overall crypto ranking, with a total market cap of 9.92 billion dollars.
One of the most interesting emerging networks of the moment?
At the end of October, it was analyzed how Sui Blockchain was one of the most interesting emerging networks of the moment in the crypto sector.
The post-victory Donald Trump crypto rally in the USA presidential elections had not yet occurred, and Sui Blockchain had already attracted attention for other reasons.
In fact, it seems that the layer 1 blockchain dedicated to supporting high scalability and low fees, has made its way into the world of dApps or decentralized applications.
Speaking in numbers, during that period Sui Blockchain attracted an investment of 8.6 million dollars. This was like a signal of confidence in the platform from investors and stakeholders.
Not only that, the analysis had revealed that the number of crypto assets being transferred from the Ethereum network or from Solana to Sui is also increasing. Here too, such movements indicate that users have found in Sui a valid alternative for managing their funds.
Who knows if the mood for Sui Network has now changed with this network interruption for 51 minutes.