Sui's six-hour network outage raises L1 reliability concerns, Mantra ecosystem undergoes strategic restructuring

TokenomicsTrapper · 2026-01-15T06:00:09+00:00

The Sui blockchain experienced a network outage of nearly 6 hours due to consensus mechanism issues, temporarily locking assets worth over $1 billion. Although the network has been restored, the SUI token responded mildly. This incident exposed the stability shortcomings of Layer-1 public chains. Meanwhile, the Mantra project underwent adjustments, with the OM token dropping nearly 90%, reflecting the intense competition in Web3.

TokenomicsTrapper

2026-01-15 06:00:09

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【Crypto World】The Sui blockchain experienced nearly 6 hours of network downtime due to consensus mechanism issues, resulting in over $1 billion worth of on-chain assets being temporarily locked. Although the network has resumed operation and the market reaction to the SUI token price has been relatively mild, this outage once again exposed the stability shortcomings of major Layer-1 public chains. In contrast, the Mantra project, which focuses on bringing real-world assets on-chain, is currently undergoing a wave of adjustments. The OM token has fallen from its all-time high of $9.01 set in February this year, with a decline of nearly 90%, and the project has also initiated internal restructuring and personnel optimization. The contrasting experiences of these two ecosystems reflect the intense competition currently present in the Web3 space.

SUI-5.17%

OM-5.34%

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ConfusedWhale

· 10h ago

Wow, Sui is down again? Even with 1 billion USD frozen, it didn't collapse—this resilience is truly incredible. OM dropped from $9 to $1... Bringing real-world assets on-chain isn't as simple as it seems. A 6-hour network outage would have blown up Layer 2 long ago; is this just how L1 is? Is Mantra's move this time a firefight or giving up? I can't quite see through it. SUI's price is so stable, which is actually more frightening—has the market really gotten used to outages?

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FlashLoanLarry

· 10h ago

6-hour interruption? What is Sui playing at, locking up $1 billion like that? OM dropping 90% is incredible, falling from $9 to now, that must be really painful. L1 stability is really a big pitfall. By the way, can Mantra's restructuring save it? It feels a bit uncertain. Sui has recovered with a mild price response? The market must be numb. Another wave of project reshuffling, this is Web3.

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MidnightSnapHunter

· 10h ago

6-hour outage? L1 is still too fragile; this time Sui has basically shown its hand.

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ArbitrageBot

· 11h ago

6 hours of downtime is really unbearable. Locking up $1 billion like this, SUI's move reminds me of some clone chains' déjà vu.

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