Sui Network is again on-line after a virtually six-hour outage on Thursday, which it attributed to a bug launched by an replace, marking the layer-1 blockchain’s second interval of downtime in 2026.
Sui posted to X on Thursday that exercise on its mainnet had resumed after “a halt because of a crash bug within the gasoline charging logic launched by the 1.72 launch. A full incident evaluation shall be shared within the coming days.”
Sui had earlier shared that the blockchain was “experiencing a community stall” and mentioned that transactions could possibly be paused till a repair is rolled out.
The outage lasted 5 hours and 55 minutes, according to the community’s standing indicator. Sui mainnet validators are nonetheless listed as having “degraded efficiency.”
Supply: Sui
It’s the second outage of the Sui blockchain this 12 months, following an analogous incident in January the place the community was knocked offline for greater than six hours. One other incident occurred in November 2024, when all validators have been caught in a crash loop for round two and a half hours, stopping transactions from being processed.
Sui is the Thirteenth-largest blockchain by complete worth locked at $542 million and hosts 137 protocols, according to analytics platform DefiLlama.
Sui token drops 6.6% earlier than restoration
The Sui (SUI) token dropped round 6.6% to a low of 90 cents in the course of the outage, according to information from crypto aggregator CoinGecko. It has since recovered barely and was buying and selling for about 93 cents as of early Friday.
SUI dropped about 6.6% in the course of the outage. Supply: CoinGecko
Earlier this month, the token climbed 50% to $1.41 after a number of constructive developments, together with a Nasdaq-listed firm staking a big portion of the provision and builders asserting upcoming options, together with zero-fee stablecoin transfers and personal transactions.
Sui launched its mainnet in Might 2023, aiming to be scalable and able to processing transactions quick sufficient for monetary establishments.
Associated: CME Group expands crypto futures with Avalanche and Sui contracts
Adeniyi Abiodun, a co-founder of Mysten Labs, the developer of the Sui Network, additionally introduced at Consensus 2026 that zero-fee stablecoin transfers would roll out quickly and reiterated plans so as to add a private-transaction characteristic.
Not all main crypto disruptions this 12 months have stemmed from technical points. Drift Protocol, a decentralized cryptocurrency change, was hacked in April, inflicting it to briefly droop deposits and withdrawals.
Kelp, a liquid restaking protocol, was additionally targeted by a cyberattack in April, prompting the platform to pause sensible contracts for its restaking token (rsETH) whereas it investigated the incident.
Journal: Polymarket seeks Japan entry, Harvard dumps entire ETH position: Hodler’s Digest, May 17 – 23
