#SUI🔥 Network Outpaces Major Blockchains with 2.14 Billion Transactions in 2024
In 2024, Sui Network has emerged as a dominant force in the blockchain space, recording an impressive 2.14 billion transactions, surpassing major networks like Tron, Polygon, and Ethereum. According to data from Artemis, Sui Network's transaction volume outpaced Tron’s 1.35 billion transactions, Polygon’s 901 million, BNB Chain’s 882 million, Base’s 472 million, and Ethereum’s 270 million. Remarkably, the combined transaction volume of Polygon, Arbitrum, Base, and Ethereum still falls short of Sui Network's total, highlighting its rapid growth and widespread adoption.
Sui Network’s Transactional Dominance
- Sui Network has proven its superiority not just in transaction volume but also in decentralized exchange (DEX) activity. Within the first year of its mainnet launch, Sui's DEX volume was 50 times greater than that of Aptos, showcasing its capacity to handle significant on-chain activity and cementing its position in the market.
Speed and Scalability
- Analysts have praised Sui Network for its exceptional performance, noting that it is six times faster than Solana, processing an astounding 297,000 transactions per second. This high level of scalability places Sui well ahead of Solana and other competitors.
Strategic Partnerships
- Sui’s technology has attracted #partnerships like Arden, a company focused on gamification & on-chain incentives. Leveraging Sui's speed & scalability, Arden enhances its consumer engagement platform, boosting efficiency & effectiveness in the global rewards industry.
Market Performance
- As of now, Sui Network’s native token, SUI, is trading at approximately $0.9014, reflecting a 1.08% increase over the past 24 hours. The token’s daily trading volume stands at $127.61 million, underlining its strong market presence.
Sui Network’s rapid rise in the blockchain industry, marked by its superior transaction speed, volume, and strategic partnerships, positions it as a leading player in the space.
Source - crypto-news-flash.com
