Sui Network Faces Extended Mainnet Stall Amid Continued Disruptions

On January 14, the Sui Network experienced a prolonged stall on its mainnet, leading to interruptions in transactions and access to various applications within its ecosystem. The Sui team acknowledged the issue in a post on X, stating that they were actively working on a solution.

Key Takeaways

Sui Network experienced a significant mainnet stall, disrupting transactions and application access.
This interruption has led to a major decline in transaction throughput as validators struggle to finalize blocks.
Despite the stall, Sui’s total value locked (TVL) rose above $1 billion just before the outage.
SUI, the network’s cryptocurrency, saw a price uptick before the disruptions, but stability remains uncertain.
The Sui team has not issued a timeline for when normal operations will resume.

Sui Network Faces Extended Mainnet Stall

Sui Network Outage Announcement

Network Disruptions Impact Transactions

As reported by on-chain data from Sui explorers, there were numerous stalled transactions characterized by repeated entries and unsuccessful attempts to finalize blocks. The downtime reached almost three hours at the time of this report. Although some programmable transactions continued, the overall transaction throughput showed a significant reduction, indicating that validators were struggling to come to a consensus on new blocks.

Sui Network Transactions Data

This incident marks one of the most notable disruptions for the Sui Network in recent months, coinciding with a renewed examination of its performance during times of increased user activity.

Recovery in Total Value Locked (TVL)

Prior to the mainnet stall, recent statistics from DeFiLlama indicated that Sui’s total value locked (TVL) had made a remarkable recovery. By January 14, Sui's TVL had reached approximately $1.05 billion, its highest level in several weeks—a significant rebound from the late-December figures that were around $900 million.

Sui TVL and DEX Volume Data

The increase in TVL was complemented by a surge in activity on decentralized exchanges (DEX), with daily trading volumes rising to about $371 million on the same day. This recovery indicates that investment was flowing back into Sui-based DeFi protocols, even in the context of overall market volatility.

SUI Price Shows Signs of Resilience

SUI’s price dynamics also mirrored the renewed optimism prior to the outage. On the 12-hour price chart, SUI was approximately $1.90, reflecting a rise of around 4.7% within the day, rebounding from December lows near $1.40. Trading volume surged in conjunction with this price increase, with several trading sessions exhibiting elevated activity compared to late December.

Sui 12-Hour Price Trend

However, this rally remains precarious, as SUI continues to trade below its November highs of over $2.50. The overall trend since October has shown lower highs, even with the recent upward movement. Additionally, the current network disruptions raise concerns for short-term price stability, especially if the issues persist.

Focus on Network Stability

The Sui team has not yet provided a clear timeline for when full network functionality will be restored, stating that they will update users as new information becomes available. Until a fix is implemented, both users and developers will face challenges in relying on normal transaction processing.

Conclusion

The recent mainnet stall highlights both the growing pains of the Sui Network and the critical importance of robust infrastructure in the realm of decentralized finance. As the team works to resolve these issues, the market will be keenly observing to see how network reliability influences both user confidence and price action moving forward.