Sui’s network was down for nearly two hours due to an error in its transaction scheduling system.

Sui Network, a Layer 1 blockchain developed by Mysten Labs, did not produce new blocks on its mainnet for nearly two hours on November 21st, so the blockchain practically stopped completely.

The network’s status page confirms that there was a “significant outage,” validators were down, and the outage resulted in failed transactions. In addition, decentralized applications running on the network could not be accessed.

At Sui Network status page it now shows “all systems are up” indicating that the network is working flawlessly again. The solution was to introduce the v1.37.4 update.

The Sui network is back up and processing transactions again, thanks to swift work from the incredible community of Sui validators.

The 2-hour downtime was caused by a bug in transaction scheduling logic that caused validators to crash, which has now been resolved. https://t.co/TJh2zwvQcD

— Sui (@SuiNetwork) November 21, 2024

“The 2 hour downtime was caused by a bug in the transaction scheduling logic that caused the validators to crash, we have now fixed this” Sui Network confirmed on X.

This is not the first time that Sui has experienced relegation

A SUI token its share price plummeted following the drop, but has now stabilized and is trading at $3.56 at the time of writing. The token is currently the 14th largest cryptocurrency with a market capitalization of $10.1 billion.

It is worth noting that this is the first time that Sui mainnet validators have had problems since the mainnet launched in May 2023. However, there was a major outage in July 2024 that affected the network’s (RPC) nodes. They crashed when they tried to process the transactions, but the problem was eventually resolved. Earlier this month, the Sui Network testnet validators also encountered an issue that prevented them from accepting new transactions, but this was later resolved.

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