Sui Network Resolves First Major Outage, Back Online After Two-Hour Downtime

The Sui Network, often compared to Solana for its speed and scalability, faced its first significant outage on Thursday, causing a two-hour halt in transactions. The issue stemmed from a bug in the network’s transaction scheduling logic, preventing validators from producing new blocks. The Sui network is back up and processing transactions again, thanks to … Read more

Sui Partners With Babylon to Launch Bitcoin Staking Initiative

Babylon Labs and Lombard Protocol have jointly unveiled a strategic initiative aimed at integrating Bitcoin with Sui, the Layer 1 blockchain and smart contract platform. This collaboration seeks to onboard bitcoin liquidity into the Sui ecosystem, enhancing decentralized finance (defi) with LBTC as a core collateral asset. Starting in December, bitcoin holders will be able … Read more

$1.5 Trillion Asset Manager Franklin Templeton Backs Sui Blockchain Expansion

Sui has joined forces with Franklin Templeton Digital Assets in a bid to drive blockchain innovation and foster growth within the Sui ecosystem. Sui and Franklin Templeton Forge Blockchain Development Alliance As a layer-one (L1) blockchain, Sui’s latest collaboration with Franklin Templeton highlights the growing interest of established financial institutions in exploring the potential of … Read more