30s Summary

On November 21, the Sui blockchain experienced a significant issue when it stopped creating blocks for over an hour, an event confirmed by SuiVision, Sui’s network explorer. The disruption was noticed across the industry and impacted the SUI cryptocurrency, which dropped by 11% according to CoinGecko. The network issues led the South Korean crypto exchange, Upbit, to temporarily suspend all SUI deposits and withdrawals. Despite the drop, SUI is still trading at roughly $3.40 and has increased by 75% in the past month. No comment has been made yet by the Sui Foundation.

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Sui, a kind of blockchain that helps fast track smart contract creation, had a pretty serious hiccup on Nov. 21. It stopped creating blocks for an hour or more.

This whole block-creating shutdown was all over the Sui Blockchain on Nov. 21. There weren’t any blocks made for over an hour, based on info from Sui’s own network explorer, SuiVision.

The last block was created at 9:15 am in UTC, and nothing new has been made since then.

People in the industry really noticed this outage. Sui’s goal is to be as big as Solana, which is one of the top dogs in the blockchain game, specifically the fourth biggest cryptocurrency by how much it’s all worth.

After this whole shutdown, their SUI cryptocurrency took a hit of nearly 11%, says CoinGecko. But, despite the drop, it’s still trading at around $3.40 and has gone up 75% in the last month.

This has led some of the big exchanges to act. Upbit, a South Korean crypto exchange, has temporarily stopped all SUI deposits and withdrawals because of these network issues.

Sui Foundation hasn’t said anything about this downtime yet. We asked them for a comment, but still haven’t heard back from them yet.