Sui community, a layer 1 blockchain developed by Mysten Labs, is experiencing a community outage on Thursday after the undertaking mentioned its mainnet had “stalled,” quickly halting transaction processing.
“Sui Mainnet is at present experiencing a community stall. The Sui Core group is actively engaged on an answer,” the undertaking posted on X. “Bear in mind that transactions could also be paused right now. Updates shall be shared as quickly as they’re out there.”
The disruption appeared to pause exercise throughout the community, although the group had not but disclosed the reason for the difficulty at press time.
The incident marks one other in a collection of technical disruptions for Sui. The blockchain has beforehand confronted durations of degraded efficiency and outages, together with one earlier this yr.
Sui, which launched in 2023, is amongst a bunch of newer layer 1 blockchains competing with Ethereum and Solana by providing high-speed transactions and low charges. The community’s native SUI token is down 8% within the final 24 hours, although broader crypto market circumstances had been combined.
Blockchain outages stay a carefully watched subject for merchants and builders, significantly for networks that market themselves as high-performance infrastructure for decentralized finance and gaming functions.
The Sui group mentioned it will present extra updates because the investigation continues.
Learn extra: Crypto for Advisors: Breaking down the Sui blockchain
