Sui community, a layer 1 blockchain developed by Mysten Labs, is experiencing a community outage on Thursday after the venture stated its mainnet had “stalled,” briefly halting transaction processing.
“Sui Mainnet is presently experiencing a community stall. The Sui Core group is actively engaged on an answer,” the project posted on X. “Bear in mind that transactions could also be paused presently. Updates might be shared as quickly as they’re obtainable.”
The disruption appeared to pause exercise throughout the community, although the group had not but disclosed the reason for the problem at press time.
The incident marks one other in a collection of technical disruptions for Sui. The blockchain has beforehand confronted durations of degraded efficiency and outages, together with one earlier this year.
Sui, which launched in 2023, is amongst a bunch of newer layer 1 blockchains competing with Ethereum and Solana by providing high-speed transactions and low charges. The community’s native SUI token is down 8% in the last 24 hoursalthough broader crypto market circumstances had been combined.
Blockchain outages stay a carefully watched situation for merchants and builders, significantly for networks that market themselves as high-performance infrastructure for decentralized finance and gaming purposes.
The Sui group stated it might present extra updates because the investigation continues.
Learn extra: Crypto for Advisors: Breaking down the Sui blockchain
