- SUI confronted a two-and-a-half-hour block manufacturing shutdown on November 21.
- The event crew solved the issue in a short while.
- The SUI is down 14% over the previous week, however up almost 80% over the previous month.
Sui Community, a outstanding layer 1 blockchain identified for its deal with scalability, skilled a blockchain era shutdown final week that led to a big drop within the value of its altcoins in current days. Up to now 24 hours, the cryptocurrency has fallen by 5.08%, elevating fears of additional declines if patrons don’t step up.
The blockchain community stopped producing blocks for a complete of two and a half hours, from roughly 1:15 a.m. to three:45 a.m. PT on November 21. Sui community validators entered a failure loop that prevented the blockchain protocol from processing any transactions.
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The halt in block era stemmed from an improve to Sui Community's congestion management system. A safety flaw within the improve brought on protocol points, however the blockchain community improvement crew shortly responded and launched the mainnet v1.37.4 and testnet v1.38.1 updates to repair the issue.
In response to CoinMarketCap information, SUI is buying and selling at $3.23, down 4.92% within the final 24 hours and 14.01% within the final seven days. Nevertheless, the digital asset is up 79.12% over the previous month and a exceptional 395.75% since November 2023. The altcoin remains to be buying and selling 17.72% under its all-time excessive of $3.93.
SUI value evaluation
With a big buying and selling quantity of $1.51 billion, SUI stays a outstanding altcoin. Regardless of the block halt, the cryptocurrency remains to be in demand, and a fast repair by the event crew appears to have reassured traders.
The Relative Energy Index is at 56.06, which implies that shopping for stress remains to be greater for SUI, and the gradient of the road suggests a slight enhance within the value of the digital asset within the close to future.
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