Sui Network experienced a brief outage due to a bug in congestion control. Swift action by engineers and validators restored operations within minutes, highlighting effective incident response.

Sui's ecosystem is evolving with the introduction of native stablecoins, reshaping DeFi and unlocking new opportunities. Explore the impact of USDY, AUSD, USDC, and FDUSD.

Cryptocurrencies dominate the global financial space with relentless surges. Amidst the optimism, attention turned to individual coins, with mixed actions. Meanwhile, Solana, SUI, and the new $QUANT stole the show for different reasons. Let us find out more. Solana targets further gains The alt hovers above $250 during this writing, exhibiting significant bullish momentum.

Earlier today, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI's price, falling from $3.73 to $3.64.

Sui Network resumed operations after a two-hour outage.

SUI's network had a two-hour network outage, followed by a shorter 29-minute block lag on November 21. The chain had an all-time high record for transactions per second, which led up to a bug for validators to produce and propagate blocks.

Sui Network experienced its first major outage Thursday, grinding the network to a halt for two hours due to a bug.

Sui, decentralized Layer-1 blockchain. faced a two-hour outage early on November 21 before recovering.

The Sui network experienced an outage, halting block production for over 2 hours.

The downtime had immediate repercussions for Sui (SUI), the blockchain's native cryptocurrency with its value dropping 11%.

Sui Network dubbed the ‘Solana (SOL) killer,' suffered a major outage on November 21, which halted block production for over an hour.

For 51 minutes, blocks were not produced and transactions were not processed.

At press time, the SUI status page had confirmed that block production had resumed.

SUI price tanked after the incident but quickly recovered.

The downtime was caused by a bug in its transaction scheduling.

Decentralized Layer-1 blockchain Sui Network faced a major downtime with no blocks produced in the last few hours. The data from Suivision showed that the network faced a “major outage” as some validators faced problems with approving transactions.

TL;DR On November 21, 2024, the Sui blockchain experienced a significant outage, halting block production for over an hour and causing widespread concern among users and stakeholders. The outage led to an 11% drop in the SUI token's value, with major exchanges like Upbit temporarily disabling SUI deposits and withdrawals to protect users.

Layer-1 blockchain, Sui, has confirmed that its network is currently down and unable to process transactions. In a Nov. 21 statement, the team behind Sui identified the issue and announced that a fix would be deployed shortly.

The Sui blockchain experienced a significant outage today, halting block production for over an hour due to issues with validators, raising concerns about the network's stability and prompting investigations by the development team. The post Breaking: Sui Network Crashes for Over an Hour, Block Production Halted appeared first on Cryptonews.

The Sui Network is suspected to be down for more than two hours. The protocol has not produced any new transaction blocks since Nov. 21 UTC 9:15.

The Sui network has ceased block production for over two hours, leading to a sharp decline in the token's price. Data from suivision and suiscan indicate that block generation stopped at 09:15 UTC today, and the network has yet to resume normal operations.

Sui Network, a Layer 1 blockchain, has been down for nearly two hours. The team appears to be investigating the issue.

Exchanges like the South Korean crypto exchange Upbit have temporarily disabled SUI deposits and withdrawals amid the network outage.

The South Korean crypto exchange Upbit had temporarily disabled SUI deposits and withdrawals amid the network outage.

MemeFi addressed token-claiming concerns, established cooperation with OKX and Sui, and announced major exchange listings and giveaways.

The crypto market is witnessing a strong upward trend, fueling optimism among investors seeking lucrative opportunities. Several affordable crypto to buy under $10 have emerged as potential game-changers for generating significant profits.

Aptos (APT) recorded a 37.6% surge in the last two weeks, reclaiming its Q1 levels. According to some market watchers, the cryptocurrency's recent performance follows SUI's lead, which has set the stage for a massive rally toward a new all-time high (ATH) in the coming weeks.

The altcoin market is buzzing with activity as several key players show promise in the current market. From Solana's rise to the developments surrounding Ripple's XRP, there's much to keep an eye on. Here's a look at some of the altcoins currently in the spotlight, based on the latest analysis from CryptosRus.

Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.

This week, we examine Ripple, Cardano, Dogecoin, Shiba Inu, and Sui in greater detail. Ripple (XRP) XRP is quickly approaching $1 and has impressed with a 47% price increase in the past seven days.

Story Highlights The Sui price achieved a new ATH of $3.51. Technical indicators hint at a potential surge toward a high target price. EMA 50-day records a strong bullish support in the daily time frame. The Sui cryptocurrency has successfully achieved a new all-time high (ATH) of $3.51 during the early Asian trading hours.

With the crypto market briefly reaching the $3 trillion mark, the upside potential is uncharted in the crypto industry. Amid such conditions, many new altcoins are creating new all-time high levels and continuing to soar. However, smart money is on the lookout to find the next big thing in the crypto world.

Sui Network (SUI) has recently demonstrated impressive growth in its decentralized exchange (DEX) trading volume, surpassing Aptos (APT) by a significant margin. SUI's trading volume reached $28 billion, three times that of Aptos, which recorded $9.4 billion.

Team Liquid launches the MyBlue platform on Sui, offering fans a customizable digital avatar and unique fan engagement experiences, reinforcing their connection to esports.

The Weighted Sentiment remained firmly bullish and has been for most of the past month, as Sui maintained its uptrend.

Explore how Sui tackles Web3 security risks with user-level and protocol-level safeguards, creating a safer ecosystem for decentralized interactions.

The Sui (SUI) token recently surged by 30%, reaching a high of $3.30 on November 12, 2024, generating optimism among investors. However, the rally appears to be losing momentum as the token's price has dropped back to $2.97.

Top–performing layer 1 crypto networks Solana ($SOL) and Sui ($SUI) are potentially ready to move higher, despite a period of increased volatility.

SUI has recently reached a new all-time high, continuing an upward rally that began at $1.69 earlier this month. The cryptocurrency has managed to defy bearish expectations, showing resilience as it pushes past the previous resistance level.

TL;DR VanEck launches a new ETN based on the SUI blockchain, now available in 15 European countries, as part of its strategy to expand crypto offerings. The SUI blockchain, developed by Mysten Labs, is known for its scalability and user-friendly design, making it suitable for DeFi and gaming applications.

The crypto market is once again in a bullish phase as Bitcoin's price surged past $93,000, setting a new all-time high for the fifth time in a week. This rally has also spurred growth across altcoins.

VanEck Europe, the European arm of the prominent global asset management firm VanEck, has introduced a new exchange-traded note (ETN) based on the SUI token in Europe. The SUI ETN allows investors in over 15 European countries, including some non-EU nations, to gain exposure to SUI without needing to directly hold the asset.

SUI and APT surged, but SUI may outpace APT in gains because of strong market metrics.

Frog-themed meme coin Pepe (PEPE) surged to a new all-time high thus triggering a significant spike in whale trading during the past 24 hours.

VanEck has launched its new SUI ETN, now available on Euronext exchanges in Amsterdam and Paris, providing investors with indirect access to the Sui blockchain without the need to hold its tokens directly.

VanEck introduces a new financial product backed by SUI tokens, enhancing investor access to the Sui network, known for substantial growth in DeFi and TVL.

VanEck Europe launched a new exchange-traded note (ETN) based on SUI today. This product is available in 15 European countries and is one of several new VanEck ETNs in this market.