Sui Network suffered a major disruption on November 21st after failing to produce blocks on its mainnet, which effectively brought the blockchain to a standstill.<\/p>\n
Following a two-hour downtime, the network resumed operations, once again processing transactions.<\/p>\n
According to the official announcement<\/a> by the team behind the Layer 1 network, the outage was caused by a bug in the transaction scheduling logic that led to validator crashes.<\/p>\n \u201cThe Sui network is back up and processing transactions again, thanks to swift work from the incredible community of Sui validators. The 2-hour downtime was caused by a bug in transaction scheduling logic that caused validators to crash, which has now been resolved.\u201d<\/p>\n Meanwhile, SUI experienced a drawdown of almost 10% in response to the outage from $3.7 to $3.35 before climbing back up to the press time price of $3.64. The network issues also prompted South Korean crypto giant Upbit to\u00a0suspend<\/a> SUI deposits and withdrawals temporarily<\/span>.<\/p>\n Sui, a Layer 1 blockchain founded<\/a> by Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias \u2013 former engineers from Meta\u2019s Novi division \u2013 was developed under the umbrella of Mysten Labs.<\/p>\n The recent downtime has drawn responses<\/a> from industry observers, many of whom highlighted<\/a> Sui\u2019s aspirations to rival<\/a> Solana as a leading blockchain. Solana itself has faced scrutiny over frequent hours-long outages in the past, prompting several fixes to its infrastructure. While these issues helped Solana to operate seamlessly for a year, the streak ended with a 5-hour outage<\/a> on February 6th. No further incidents have been reported since.<\/p>\n According to data<\/a> from DeFiLlama, the total value locked (TVL) within Sui\u2019s DeFi ecosystem breached the $1 billion mark in October 2024 surging to a new all-time high of $1.65 billion on November 17th. The figure has slightly dipped to $1.60 billion, at the time of writing.<\/p>\n The post Sui Network Suffers Outage Due to Bug in Transaction Scheduling Logic<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Sui Network suffered a major disruption on November 21st after failing to produce blocks on its mainnet, which effectively brought the blockchain to a standstill. Following a two-hour downtime, the network resumed operations, once again processing transactions. Sui Network Restored After Downtime According to the official announcement by the team behind the Layer 1 network, […]<\/p>\n","protected":false},"author":0,"featured_media":22444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22443"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22443"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22444"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}SUI \u2013 The \u2018Solana Killer\u2019?<\/h2>\n