Sui Network Surpasses Ethereum with Total Transactions, Massive Rally Ahead?
The post Sui Network Surpasses Ethereum with Total Transactions, Massive Rally Ahead? appeared on BitcoinEthereumNews.com.
Total transactions on Sui Network have surpassed Ethereum, coming in at 2.58 billion on November 6, 2024. As DeFi adoption continues to grow, CETUS Protocol has made huge exportation, becoming the first Sui-based Binance-listed token bringing some visibility and credibility. Sui Flips Ethereum in Total Transactions, Signals Rapid Network Growth Sui Network surpassed Ethereum in terms of total transactions. The data states that Sui transacted 2.58 billion on November 6, 2024, just past Ethereum’s 2.57 billion. The existence of a crossover between Sui Network’s usage and transaction volume and Ethereum indicates that Sui Network, despite being a relatively newer blockchain, is growing quickly in the pace of usage and number of transactions. Transaction count is no doubt the graph where Sui’s upward trajectory is super steep. However, more specifically, in recent months its climb has accelerated by an order of magnitude to outpace Ethereum. The fact that this has happened is being taken as a sign of increased adoption, given lower fees, faster transaction speeds, or the way in which certain applications are driving usage of the Sui blockchain. This is a defining moment in the blockchain ecosystem. Sui can be considered as a viable alternative to Ethereum in terms of transaction volume. This achievement helps Sui’s visibility in the market and attracts the developers and users to the platform. Sui DeFi Gains Momentum as Cetus Protocol Debuts on Binance It’s a big step forward for Sui Network to be the first ‘move blockchain’ with a protocol token, CETUS Protocol, listed on Binance. Notably, it’s the first protocol token given that Aptos, another big blockchain that has been around for two years. And It isn’t anywhere near this kind of listing milestone. Coming on board with the CETUS listing means a strong endorsement by Binance of the Sui ecosystem. The…
Filed under: News - @ November 9, 2024 1:26 am