The SUI Layer 1 blockchain has not processed a transaction for the past three hours, according to onchain data. Core developers confirmed that Sui is “currently experiencing a network stall,” in a post on X, as they are “actively working on a solution. Be aware that dApps such as Slush or SuiScan may not be available, and transactions may be slow or temporarily unable to process at this time,” the developers said.
The newtork last processed a transaction at 14:22:17 UTC, according to the Suiscan block explorer. Sui is a Layer 1 network developed primarily by Mysten Labs, a team spun out of Meta’s canceled Diem stablecoin and wallet project, similar to rival high-throughput networks like Aptos.
The network has reportedly seen steady growth and investor interest, having surpassed $10 billion in 30-day DEX volume around the time 21 Shares announced it would launch a leveraged ETF tracking its native token. “Updates will be shared as soon as they are available,” the developers added on Wednesday.
Coinbase is helping bring cryptocy deeper into the U.S. housing market through a partnership with Better Home…
A growing bipartisan effort to curb financial conflicts of interest in Washington is expanding beyond…
The worlds of fine art and digital collectibles are colliding once again as ElmonX prepares to launch…
VeVe is expanding beyond digital collectibles and comics with the launch of Stickerverse, a new social…
Kalshi is moving quickly to expand its newly approved crypto derivatives business after announcing plans to…
Former U.S. presidential candidate Andrew Yang is expanding his presence in the telecommunications industry after Noble Mobile announced the…