Sui Blockchain Faces Downtime, No New Blocks for Over 1 Hour

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As a seasoned analyst with years of experience in the cryptocurrency market, I’ve seen my fair share of network disruptions and downtimes, and the current situation with the Sui Network is starting to feel eerily familiar to some past incidents, particularly Solana’s infamous outages.

The SUI blockchain has been facing substantial problems, as it hasn’t produced any new blocks for more than an hour and a quarter. Interestingly, the main Sui Network site still shows everything running smoothly.

Based on the available information, the network ceased generating blocks at around 9:15 UTC, and it remains unresponsive as of now. This situation has sparked worry within the community, leading some to speculate that issues with validators might be the underlying cause.

Upbit, a significant player in the cryptocurrency market, has temporarily halted deposits and withdrawals for SUI due to network-related problems, sparking discontent among users on Twitter. Some users have drawn parallels between the current situation with the Sui Network and past issues experienced by Solana, leading some to speculate if Sui is destined to follow in Solana’s footsteps. Is Sui on the path to becoming the next Solana? This is a question being raised as Sui appears to be mirroring Solana’s past experiences.

At the moment, the Sui squad is looking into why there’s a problem, but they haven’t given any formal update about it so far.

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2024-11-21 13:56