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Blockchain SUI Collapses, Developer Investigates Cause
The Sui Mainnet blockchain network was observed to be down on Thursday (May 28) evening. The incident, triggered by high transaction congestion and network load, forced a temporary halt to all processing activities within the ecosystem.
Based on monitoring on its official status page, the developer team began investigating at 21:15 WIB. The root cause was identified quickly at 21:36 WIB. Through its official X account, the Sui developer team confirmed that the repair process is actively being implemented so the network can return to normal.
The sudden network outage immediately impacted market price movements. In response to the incident, the SUI token value dropped below 0.918, causing liquidity worth billions of US dollars held by users and various dApp entities to be temporarily frozen until the mainnet recovery is confirmed complete. As of the time this article was published, the SUI blockchain was still observed to be inactive.