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Sui Network Suffers Second Major Outage as SUI Token Falls 20%

29 May, 2026   /   News   /  AI   /   Tags:  outage, sui, bug, downtime, gas

Sui Network Suffers Second Major Outage as SUI Token Falls 20%

The Sui blockchain went down for nearly six hours due to a software bug in its recent upgrade, marking the second significant outage this year and contributing to sharp declines in its native token price

These incidents highlight persistent reliability challenges for Sui, months after a similar outage earlier in the year, raising questions about network stability and its impact on user confidence and token performance.

Details of the Latest Network Disruption

Sui mainnet experienced a prolonged outage lasting five hours and 55 minutes after a bug in version 1.72 affected gas charging logic. Validators quickly identified the issue and deployed a patch to restore operations. Despite the recovery, some nodes reported ongoing performance problems in the hours that followed.

The network stopped producing blocks during the incident, halting transaction processing across the ecosystem. The development team provided regular updates and promised a full technical review in the coming days.

Key Incident Facts
  • Caused by gas logic error in version 1.72
  • Duration: nearly 6 hours
  • Fixed through validator patch
  • Second major outage in 2026

Link to Recent Protocol Changes

The problematic upgrade introduced several new features, including changes to address balance handling and support for gasless stablecoin transfers. While these updates aimed to improve efficiency for DeFi and everyday use, they introduced unexpected stability issues during live operations.

Engineers are investigating whether the initial fix created additional complications that affected validator coordination.

Pattern of Previous Downtime Events

This incident follows a similar six-hour outage earlier in 2026 and other disruptions in late 2024. The repeated issues have raised concerns about the network's readiness for large-scale adoption and the testing processes used before major releases.

Despite these challenges, Sui continues to host substantial DeFi activity with hundreds of millions in total value locked.

Outage History
  • January 2026: Six-hour mainnet halt
  • Late 2024: Validator-related downtime
  • May 2026: Gas charging bug

Market Impact on SUI Token

The outage added selling pressure to SUI, which dropped roughly 20% over the past week. The token traded near $0.91, down more than 83% from its all-time high of $5.35 recorded in early 2025. Price briefly fell below $0.89 during the disruption before modest recovery.

MetricCurrent Status
Token Price~$0.91
7-Day Change-20%
Distance from ATH-83%
Outage Length5h 55m

What This Means for Sui Going Forward

Repeated outages are shifting attention from new features toward operational reliability. The upcoming post-mortem analysis will be important for rebuilding user trust. As competition in layer-1 blockchains remains intense, consistent uptime will be essential for Sui's long-term growth and developer confidence.

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Disclaimer
This article was generated by AI using information from multiple industry sources. It has not been reviewed or verified by a human editor and may contain inaccuracies, omissions, or misinformation. Readers are encouraged to independently verify any information before making decisions based on its content.
This article is for informational purposes only and does not constitute financial, legal, or investment advice. Cryptocurrency and related investments involve substantial risk, and past performance does not guarantee future results.