In one day, the blockchain processed a record number of transactions (298 million), demonstrating its growing adoption, especially in DeFi and gaming applications. On November 22, the blockchain also generated over 9 million blocks.

The spike in activity correlated with a steady price increase to $3.46, supported by strong RSI and OBV trends indicating consistent accumulation.

Noted analyst Raoul Pal highlighted SUI as a key player in the potential "banana rally," predicting rapid growth alongside the meme token Dogecoin.

Undoubtedly, such a significant growth of the token is quite promising, but maintaining this momentum seems challenging. The overall cryptocurrency market remains volatile, and macroeconomic factors could weaken bullish trends.

On one hand, the scalability and efficiency of the blockchain with the Proof-of-Stake consensus algorithm make it attractive to institutional investors and position the project as a leader among high-throughput networks.