{"id":100293,"date":"2024-11-21T09:50:13","date_gmt":"2024-11-21T13:50:13","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100293"},"modified":"2024-11-21T09:50:56","modified_gmt":"2024-11-21T13:50:56","slug":"sui-network-back-up-after-2-hour-outage","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/sui-network-back-up-after-2-hour-outage\/","title":{"rendered":"Sui Network Back\u00a0Up After 2-Hour Outage, Price Drops"},"content":{"rendered":"\n

The Sui Network<\/a> outage has compelled the team to explore the situation, as validators can no longer validate transactions.<\/p>\n\n\n\n

\"Sui<\/figure>\n\n\n\n

The decentralized Layer-1 blockchain Sui Network recently experienced significant downtime, with no blocks produced for several hours. <\/p>\n\n\n\n

Data from Suivision confirmed a \u201cmajor outage,\u201d as some validators encountered issues approving transactions. <\/p>\n\n\n\n

SUI\u2019s price dropped by 10% during this period but recovered once the network resumed transaction processing.<\/p>\n\n\n\n

Sui Network Experiences Major Outage<\/h2>\n\n\n\n

Reports from Suivision\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> indicated that the Sui Network was down for over two hours, with no blocks produced since 09:15 UTC. <\/p>\n\n\n\n

Community members highlighted issues with some validators, and the Sui team began investigating the disruption. On the X platform, the official account acknowledged the situation, stating:<\/p>\n\n\n\n

\n

\u201cThe Sui network is currently experiencing an outage and not processing transactions. We\u2019ve identified the issue and a fix will be deployed shortly. We appreciate your patience and will continue to provide updates.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Known as the \u201cSolana-killer,\u201d this was the first major outage for the Sui Network. The crypto community reacted with comparisons to Solana\u2019s past downtime, with some comments like \u201cNo wonder Sui is the next Sol\u201d and \u201cSolana moment. Bullish.\u201d Memes featuring \u201cfirst time?\u201d tags also circulated widely on the X platform<\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Blockchain analyst SanXz argued that the network<\/use><\/svg><\/span><\/a> was not completely down, describing the issue as an RPC problem affecting validators. <\/p>\n\n\n\n

However, a user named \u2018reisen\u2019 countered, saying: \u201cHaving nodes\/validators operational is useless when no blocks are produced \u2013 So not producing blocks for 1:50h is equivalent to being down.\u201d<\/p>\n\n\n\n

SUI Price Drops 10% Amid Downtime<\/h2>\n\n\n\n

Despite the downtime, the community remains optimistic about SUI\u2019s future<\/a>. On the X platform, user Bullishify.sui commented:<\/p>\n\n\n\n

\n

\u201cSui pulling a Solana? Remember when $SOL went down in Dec 2020, then ripped 1000% right after? $SUI like, \u2018Yeah, we\u2019re following the script too.\u2019 Buckle up, fam!\u201d<\/p>\n<\/blockquote>\n\n\n\n

After a 10% drop during the downtime, SUI\u2019s price rebounded and is now trading at $3.63. Analysts predict significant potential for growth, with projections of a 750% monthly increase to $18 and over 500% annual gains.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sui Network outage has compelled the team to explore the situation, as validators can no longer validate transactions. The decentralized Layer-1 blockchain Sui Network recently experienced significant downtime, with no blocks produced for several hours. Data from Suivision confirmed a \u201cmajor outage,\u201d as some validators encountered issues approving transactions. SUI\u2019s price dropped by 10% […]<\/p>\n","protected":false},"author":56,"featured_media":100297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20234,16421,19419],"class_list":["post-100293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sui-sui","tag-sui-network","tag-sui-price"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Sui-Network-Back-Up-After-2-Hour-Outage-Price-Drops.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100293"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100297"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}