Suiet, the wallet for the Sui blockchain, will stop updates and support after November 14, urging users to save their recovery info before switching wallets. This follows other exits like Suiball hardware wallet and Phantom dropping Sui support, alongside a DeFi project shutdown after a security breach. Sui’s DeFi value locked dropped over 22% in a month, and daily active users fell about 79% since November 2025, despite transaction volume rising. The network also faced multiple outages in 2026 due to software bugs, though no user funds were lost. Experts attribute Sui’s struggles mainly to economic issues from high engineering costs and low user numbers, not protocol failure.
The Sui blockchain's recent challenges come amid a market where 13 of 50 major cryptocurrencies on Pluang rose and 35 fell today. For readers following broad crypto trends, here is Pluang's market snapshot as of Nov 12, 2026 16:31 WIB: CRV (Curve DAO Token) is priced at Rp4.317 with a 1-day change of -3.62% and 100% buy order activity; ZIL (Zilliqa) at Rp28 with -3.54% change and 85% buy orders; UNI (Uniswap) at Rp111.387 with -3.50% change and 75% sell orders. This reflects a mixed market sentiment among major cryptocurrencies on the platform.
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