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A complete stop in block processing has also been suffered by Solana in the past.
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Of the top 20, the SUI token is the Cryptocurrency that has fallen the most during the last 24 hours.
The Sui network has not produced blocks for more than two hours. That’s what the network data explorer says.
The list of old transactions date back more than two hours at the time of writing. Normally, blocks are added to the chain in the list of processed blocks at regular and predictable intervals. In the case of Sui, no blocks have been added since then, meaning users on the network cannot send transactions.
Solana has already experienced this event in the past. Fountain: SuiVision
The Sui X account disclosed this fact that affects the operation of payments on its network:
Service Announcement: The Sui Network is experiencing a service outage and is not processing transactions. We have identified the problem and will implement a solution shortly. We appreciate your patience and will continue to provide updates.
Sui Network, cryptocurrency network.
A network shutdown is something that a network like Solana has experienced before, and on several occasionsas reported by CriptoNoticias.
In response to the fact, the Korean exchange called UpBit announced that it has suspended deposits and withdrawals of the SUI token due to the halt in block generation on the Sui network.
Likely in response to the service error, the SUI token, which is ranked 15th on CoinMarketCap by market capitalization, has dropped more than 7% in a single day.
The halt in block processing is affecting the price of SUI. Source: CoinMarketCap
At the time of writing, Sui is the token in the top 20 that has dropped the most in daily timing. SUI has almost 30 million users on its network and more than 15 million daily transfers. At times of high activity, this network has managed to complete more than 1,000 transactions per second.
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