- Sui Community recorded 2.14 billion transactions in 2024, surpassing main networks like Tron, Polygon, and Ethereum.
- Sui Community is six instances quicker than Solana, processing 297,000 transactions per second.
Sui Community emerge as a dominant energy within the blockchain house by 2024, outpacing different main networks by way of transaction quantity. In line with Artemis knowledge, Sui Community processed an unimaginable 2.14 billion transactions this yr.
Sui Community Outperforms Main Blockchains in Transaction Quantity
This quantity not solely exceeds 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 full transaction quantity of Polygon, Arbitrum, Base, and Ethereum remains to be lower than that of Sui Community alone, demonstrating its vital progress and adoption.
💧@SuiNetwork has extra transactions than Polygon, Arbitrum, Base and Ethereum mixed this yr. pic.twitter.com/zgJ1ZIyQPN
— ToreroRomero (@Torero_Romero) August 21, 2024
Sui additionally proved its supremacy in decentralized trade (DEX) quantity, reaching 50 instances larger quantity than Aptos through the first 12 months of its mainnet debut. This appreciable distinction demonstrates Sui Community’s means to facilitate excessive ranges of on-chain exercise, which strengthens its market place.
Then again, Arden, a enterprise that focuses on gamification loyalty packages and on-chain incentive marketplaces, has collaborated with Sui Community.
In line with our prior report, this relationship makes use of the community’s pace and scalability, strengthening Arden’s client interplay platform and empowering the worldwide reward trade. Arden’s operations are mentioned to have been extra environment friendly and efficient on account of Sui’s expertise being seamlessly built-in.
Moreover, an analyst has complimented Sui Community for its excellent efficiency, noting that it’s six instances quicker than Solana. The community is claimed to be extremely scalable, being able to course of 297,000 transactions per second, significantly outpacing Solana’s throughput.
As of writing, the community’s native token, SUI, is now buying and selling at round $0.8631. It’s up 1.08% during the last 24 hours, with a every day buying and selling quantity of $127.61 million.