This incident raised concerns about Sui's reliability as it competes with Solana, a leading cryptocurrency in market capitalization.

Despite the outage, SUI's Sharpe ratio remained positive, indicating potential for risk-adjusted returns on investment.

SUI has still managed to perform well, boasting a 75% increase over the past month, although the outage has unsettled some investors.

Critics have drawn comparisons between Sui and Solana, noting that both networks have faced similar reliability issues.

The timing of the outage is particularly critical as Sui has recently attracted significant attention from both retail and institutional investors.

Sui Network, a Layer 1 blockchain developed by Mysten Labs, faced a significant outage on November 21, 2024, failing to produce new blocks for nearly two hours.

The downtime was attributed to a bug in the transaction scheduling logic that caused validator crashes, but the Sui team has since resolved the issue.

This marked Sui's first major outage on the mainnet, although similar issues had been quickly resolved on the testnet earlier in the year.

Community reactions were mixed; while some praised the validators' quick response, others expressed concerns about the network's stability.

The Sui team reassured users that their funds remained secure during the incident.

The outage led to $2.17 million in long positions being liquidated, forcing some investors to sell.

This incident served as a critical stress test for Sui, prompting the team to enhance their testing protocols for future incidents.