Sui Ecosystem: The number of transactions exceeded 100 million in a short time. Are social and games the underlying color behind the surge in DeFi?
Recently, Sui's data has once again seen a sharp increase. From October 5 to October 7, the number of daily transactions on the Sui chain exceeded 100 million consecutively.
Among them, on October 5, it reached 117 million transactions, which not only set a historical record for the Sui network, but also exceeded Solana's single-day record of 77 million transactions in May this year (non-voting transactions). In addition, the price of SUI has been rising recently, once approaching the previous high of 2.18.
It is not the first time that Sui has led the entire network in transaction volume. In May this year, SPAM, a spam project of Sui Ecosystem, created a record of 46 million single-day transactions for Sui by sending transaction mining. It also briefly led other public chains and attracted the attention of the encryption industry.
At that time, the Sui Ecosystem urgently needed such high traffic to attract attention. Sui officials also interacted with SPAM on social media many times. However, the Sui official did not seem to actively promote the 100 million transactions this time. Instead, when a user mentioned that the transaction data exceeded Solana, they replied "maybe nothing".
It was another excellent opportunity to show off their muscles, so why did the Sui official simply pass it over?
PANews found that the sudden increase in transaction volume this time should be due to FomoSUI, another mining project in the Sui ecosystem. According to data, in the past seven days, the FomoSUI contract created 228 million transactions, accounting for more than half of the transaction volume of the Sui network. The number of participating accounts is about 95,000.
FomoSUI is a Bitcoin-style POW token on the Sui blockchain launched by Foundation3DAO, with a total issuance of 21,000,000,000,000,000. It went online on October 4, and as of October 11, 49% of the tokens have been mined. However, the Github code base of the token shows that it has been disabled.
