As a Layer-1 blockchain and smart contract platform, SUI has performed well in the market, even surpassing SOL in total transaction volume. According to data from the on-chain analysis platform Trading Copter, SUI's total transaction volume reached 58.37 million, while Solana only had 35.41 million. This breakthrough occurred between October 3 and October 5, when SUI's transaction volume suddenly surged, shocking the market.

SUI's performance is unusual, and there are several key factors behind it. First, SUI launched a new technology - SCION infrastructure, which solved the Internet routing risk problem of Web3.0 and improved the security and reliability of the network, thereby stimulating the growth of transaction volume. Secondly, SUI has also attracted a large number of institutional investors, especially after Grayscale launched SUI Trust, the entry of large funds has further increased daily transaction volume.

Furthermore, the outbreak of memecoin in the SUI ecosystem is also one of the reasons for the surge in transaction volume. With the rise of memecoins such as Sudeng and BLUB, retail investors have joined in, and the market value of memecoin in the SUI ecosystem has skyrocketed in a short period of time.

Currently, SUI's market value has climbed to $5.7 billion, and its price has reached $1.8286. Market observers are optimistic that as SUI attracts more and more attention from traders and investors, it is likely to hit the list of the top ten cryptocurrencies. Whether SUI will become the next SOL remains to be seen, but its potential is clearly not to be underestimated.

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