Token Metrics technicals read bearish as Sui Network recovers from a six-hour outage caused by a bug in its 1.72 release update. The network’s validators are still showing degraded performance. SUI token fell about 6.6% to 90 cents during the outage before bouncing back slightly as the network works to restore full operations.<\/p>\n
Sui Network, a layer-1 blockchain launched in May 2023, went offline for 5 hours and 55 minutes on Thursday. The outage stemmed from what Sui called<\/a> a “crash bug in the gas charging logic introduced by the 1.72 release.” The network had earlier warned users about a network stall<\/a> and paused transactions until a fix could be deployed.<\/p>\n This marks the second major outage for Sui in 2026. The blockchain experienced a similar incident in January that knocked it offline for more than six hours. Another disruption occurred in November 2024, when validators were stuck in a crash loop for about two and a half hours. Despite these technical challenges, Sui remains the 13th-largest blockchain by total value locked at $542 million. Hosting 137 protocols according to DefiLlama data<\/a>.<\/p>\n Sui launched its mainnet in May 2023. Earlier this month, the SUI token had seen positive developments. A Nasdaq-listed company staked a large portion of the supply. Developers announced upcoming features including zero-fee stablecoin transfers and private transactions.<\/p>\n The network has faced regulatory scrutiny in various jurisdictions as it expands globally. Similar blockchain outages in the past have led to increased oversight from regulators concerned about market stability. The January outage prompted discussions among industry leaders about the need for better testing protocols before major updates.<\/p>\n\t\t