The Sui blockchain, a layer-1 network known for its high-speed transactions, has resumed operations after experiencing a six-hour outage. This disruption had temporarily halted all transactions on the network. The Sui Foundation announced that the network is now "fully operational" and advised users to refresh their apps or browser windows if they encounter any issues.
The outage was officially reported by the Sui Foundation on Wednesday at 3:24 PM UTC. They informed their 1.1 million followers on platform X that the core development team was actively working on a solution. However, the foundation has not yet disclosed the cause of the "consensus outage," which affected over $1 billion in network value and disrupted user transactions.
The investigation into the issue began at 2:52 PM UTC on Wednesday, and the problem was resolved by 8:44 PM UTC, restoring the network after a period of 5 hours and 52 minutes.
This incident marks the second significant outage for Sui since its launch in May 2023. The network previously experienced an outage in November 2024. Comparatively, Solana, another high-speed blockchain, has dealt with similar issues in the past but has not faced any outages in the last 18 months. Solana has implemented emergency updates to help validators address critical client-side problems, and their Solana Status account recently announced a new version upgrade featuring a critical set of patches.
During the network disruption, Sui's (SUI) token saw a temporary price increase of 4%, although it eventually settled around $1.84, according to data from CoinGecko. Despite the brief spike, the token's price has remained relatively stable since the outage was confirmed by the foundation.