The Sui network, a layer 1 blockchain developed by Mysten Labs, is experiencing a network outage on Thursday after the project said its mainnet had “crashed,” temporarily halting transaction processing.
“The Sui Mainnet is currently experiencing a network outage. The Sui Core team is actively working on a solution,” the project wrote on X. “Please note that transactions may be paused at this time. Updates will be shared as soon as they are available.”
The outage appeared to pause activity across the network, though the team had yet to reveal the cause of the problem at press time.
The incident marks another in a series of technical disruptions for Sui. Blockchain has experienced periods of degraded performance and outages in the past, including one earlier this year.
Launched in 2023, Sui is among a group of newer layer 1 blockchains competing with Ethereum and Solana by offering high-speed transactions and low fees. The network’s native SUI token is down 8% in the past 24 hours, although broader crypto market conditions were mixed.
Blockchain outages remain a closely watched issue for merchants and developers, especially for networks that market themselves as high-performance infrastructure for decentralized finance and gaming applications.
The Sui team said it would provide further updates as the investigation continues.
Read more: Crypto for Advisors: Breaking down the Sui blockchain
