Sui Network Experiences Major Outage, SUI Price Remains Stable
- The Sui network has been down for over two hours with no blocks produced.
- Core developers are addressing a validator consensus issue that caused the stall.
- SUI is trading flat at approximately $1.89, despite a broader crypto market rally led by Bitcoin.
- The price of SUI is up over 30% year-to-date, making it one of the top-performing assets this year.
- This outage marks the second major disruption for the Sui network, following an incident in November.
The Sui Core team is actively working on resolving the network stall, which has affected decentralized applications and transaction processing times. Despite this setback, SUI’s year-to-date performance remains strong amidst a rising cryptocurrency market.
Currently priced at $1.89, SUI’s stability contrasts with Bitcoin’s surge to over $97,000 today, highlighting its resilience during outages.(Source)
