Suiet wallet to shut down in latest exit from Sui ecosystem
In the meantime, different latest closures have additionally raised considerations in regards to the prices and challenges of conserving tasks operating on the Sui community.
“Sui’s issues appear to principally be of an financial nature ensuing from costly engineering prices and low person quantity fairly than protocol failures,” Kadan Stadelmann, former chief expertise officer of Komodo Platform, informed Cointelegraph. “No flaw within the system’s core design has been discovered.”
Cointelegraph reached out to the Sui Basis and Suiet for remark however had not obtained responses by publication.
Current closures and departures
Suiet’s shutdown instantly follows the Sui-based {hardware} pockets venture Suiball additionally asserting its closure on Nov. 10. In the meantime pockets supplier Phantom ended help for Sui in September.
DeFi venture Full Sail additionally shut down following a safety incident involving Switchboard that brought on about $91,000 in losses.
Regardless of the decline in lively customers, transactions on Sui have elevated, reaching 324 million in October, up from 101 million in November 2025, in accordance with Token Terminal. Nevertheless, extra transactions don’t essentially imply extra customers, and pockets suppliers should nonetheless determine whether or not supporting the community is value the associated fee, in accordance with Stadelmann.
“Multi-chain wallets have expansive assault surfaces, and Sui’s method provides prices for distributors who can take their enterprise to much less capital intensive chains,” he stated. “Any particular person failure of a multi-chain pockets is extra a mirrored image of the dangers fairly than an indictment of any given protocol.”
A sequence of outages
Sui has additionally skilled 4 community outages in 2026, leading to round 22 hours of mixed downtime, in accordance with stories revealed by the Sui Basis.
The community stopped processing transactions for about six hours in January, adopted by three extra outages on Might 28 and 29. The Might disruptions had been linked to software program bugs, together with issues launched by a community replace, the Sui Basis stated on the time.
By comparability, rival blockchain Solana has not recorded a network-wide outage since February 2024, when it went offline for practically 5 hours. In the meantime, Aptos, which makes use of the identical underlying good contract programming language as Sui, final reported a mainnet outage in October 2023.
Community outages are vital as a result of they’ll stop DeFi customers from buying and selling, transferring funds or managing positions, though the Sui Basis stated no person funds had been in danger throughout its Might disruptions.
