Sui Network Outpaces Major Blockchains with 2.14 Billion Transactions in 2024

• Sui Community recorded 2.14 billion transactions in 2024, surpassing main networks akin to Tron, Polygon and Ethereum.
• Sui Community is six instances sooner than Solana and processes 297,000 transactions per second.

Sui Community will emerge as a dominant power within the blockchain house by 2024, surpassing different main networks when it comes to transaction quantity. In response to information from Artemis, Sui Community has processed a whopping 2.14 billion transactions this 12 months.

Sui Community outperforms main blockchains when it comes to transaction quantity

This quantity not solely surpasses Tron’s 1.35 billion transactions, but in addition outperforms Polygon with 901 million, BNB Chain with 882 million, Base with 472 million, and Ethereum with 270 million.

The overall transaction quantity of Polygon, Arbitrum, Base and Ethereum continues to be lower than that of Sui Community alone, demonstrating their important progress and adoption.

💧@SuiNetwork has extra transactions this 12 months than Polygon, Arbitrum, Base and Ethereum mixed. pic.twitter.com/zgJ1ZIyQPN

— ToreroRomero (@Torero_Romero) August 21, 2024

Sui additionally proved its supremacy within the decentralized alternate (DEX) house, reaching 50 instances better quantity than Aptos throughout the first one year of its mainnet debut. This important distinction demonstrates Sui Community’s skill to facilitate excessive ranges of on-chain exercise, strengthening its market place.

Then again, Arden, an organization specializing in gamification loyalty packages and on-chain incentive marketplaces, has collaborated with Sui Community.

In response to our prior reportThis relationship leverages the pace and scalability of the community, strengthening Arden’s shopper interplay platform and strengthening the worldwide rewards business. Arden’s operations would have been extra environment friendly and efficient as a result of Sui’s expertise had been seamlessly built-in.

Moreover, an analyst has complimented Sui Community on its glorious efficiency, noting that that is certainly the case six instances sooner than Solana. The community is claimed to be extremely scalable and able to processing 297,000 transactions per second, considerably exceeding Solana’s throughput.

On the time of writing, the community’s native token is, SUIis now buying and selling round $0.8631. It is over 1.08% over the previous 24 hours, with a every day buying and selling quantity of $127.61 million.