Activity on the Sui mainnet resumed late Thursday following a prolonged network stall, with the team confirming in an X post that block production and transaction processing are now back to normal.
Sui Network (SUI), a Layer-1 protocol, launched a new feature that supports gasless stablecoin transfers. The feature enables users and businesses to send supported stablecoins without paying gas fees or maintaining a separate SUI token balance.
Sui (SUI) is down roughly 3% at press time on Friday, extending a five-day decline so far this week. Retail demand for the SUI token is waning as the market shifts attention away from underperforming layer-1 tokens. The technical outlook is bearish, pointing to a double-digit drop to $1.00.