The post ARB Slides, SUI Price Recovers, and Infinaeon’s Gas Fee Solution Turns Heads appeared on BitcoinEthereumNews.com.

The Arbitrum price crash seems to have no end in sight. The popular layer-2 solution’s native token has plummeted from its all-time high and shed over 10% in the last month alone. Notably, other layer-2 tokens, such as OP, aren’t doing much better. SUI, a layer-1, on the other hand, is experiencing a recovery from its crash and has posted gains of some 50% in the past month. It’s interesting to see interest in established layer-2 tokens dry up while SUI outperforms. While it might seem like traders are shifting away from the Ethereum ecosystem, that isn’t entirely the case. Several presales have started to gain traction, with the most anticipated being Infinaeon. This project plans to scale Ethereum so it can compete with other layer-1s like SUI in terms of speed and cost. The Infinaeon presale has been accompanied by a long list of announcements from the team, who have put forward a compelling list of utility-driven features. This article will delve into the current state of the layer-2 market, analyzing the struggles faced by Arbitrum and Optimism. We’ll also explore the factors behind SUI’s recent price recovery and examine how Infinaeon’s unique features and presale success are positioning it as a potential contender as the king of the layer-2 market. SUI Price Recovery: New Trend Or Short-Term Bounce? The SUI price has bounced by around 5%, adding to its yearly rally that now stands at around 60%. The rally shows that even in a red market, there are bright spots, and SUI is one of the brightest. The project has been hit with several positive news stories that have resulted in considerable buying pressure. One of the most significant recent developments is the announcement of the SuiPlay0X1 gaming handheld console by Mysten Labs, the developer behind the Sui…

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Filed under: News - @ September 4, 2024 10:19 am