Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Sui Hit By Second Outage in Two Days
Sui has announced that its mainnet was hit by another outage today, with network activity paused as the team investigates the incident.
The network faced an outage yesterday that lasted nearly six hours, blamed on a bug in the gas charging logic that was introduced by a recent upgrade.
Sui has been hit by a network outage for the second time in two days, triggering questions about its stability and triggering millions of dollars in losses for users of Sui-based protocols.
Sui announced the outage today at 2.19 PM CET, and at press time, three hours later, it had yet to be fixed. It noted that the mainnet was experiencing a network stall and that network activity would be paused as the Core Team investigated the incident.
Most concerning is that today’s outage comes hours after another similar incident. The team announced yesterday that it was experiencing a network stall and was investigating it, advising users to be aware that transactions would be paused.
The outage lasted 5 hours and 55 minutes before the team announced the fix.
Data courtesy of status.sui.io
According to the team, the outage was due to “a crash bug in the gas charging logic introduced by the 1.72 release. A full incident review will be shared in the coming days.”
The outage affected thousands of users, with many popular protocols halting activities, including NAVI, Panzerdogs and Cetus. USDC activity on the network was also halted. This was barely days after the network had announced gasless stablecoin transactions as it sought to target agentic payments, which are dominated by microtransactions.
Just two days earlier, founder Adeniyi Abiodun had announced that the network was working on making all stablecoin transactions private by default, as we reported.
In response to the first outage, Abiodun admitted that “outages suck,” but applauded the engineering team for its efforts in restoring the network. “Iterating fast comes with pain,” he added. He has yet to comment on the latest outage.
Sui’s Outages Lead to Millions in Losses
v1.72, which Sui blamed for the outage, is the latest protocol upgrade, released on May 20. One of its biggest changes was gasless stablecoin transactions, with other changes including a new address balance feature and a fix to the gas meter.
Outages are not new to Sui. In January this year, the network went offline for 5 hours and 52 minutes. The team blamed it on a divergence in consensus among the validators, which temporarily froze over $1 billion in assets on the network. The specific reason behind this divergence was not revealed, but the team released new automated validation tools shortly after.
The outage yesterday led to a drop in DEX volume from $76.4 million to $48.4 million, data from DeFiLlama shows. Protocol revenue was down 39.8% to $22,502.
Data courtesy of DeFiLlama.
The crypto community has called out Sui for the repeated outages, which often lead to millions of dollars in losses. Traders whose positions are frozen on Sui-based protocols are unable to exit, triggering liquidations.
The SUI token has survived the outage, losing only** 2%** in the past 24 hours despite the chaos. It trades at $0.8968 at press time.