Understanding Threats to Solana Ecosystem: Why SOL Cryptocurrency Remains Secure

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Despite increased transaction activity on the Sui Network, Solana remains resilient in the face of competition.
Despite a dip in DEX volumes, Solana’s Total Value Locked (TVL) continues to grow.
Spam transactions on the Sui Network may inflate its apparent success.

As Solana faces increased competition from the Sui Network, it maintains a strong position in the crypto market, bolstered by a growing Total Value Locked (TVL).

Sui Network Surpasses Solana in Transaction Activity

Recent developments have seen the Sui Network outperform Solana in terms of daily transactions. This suggests a shift in user engagement, with some users migrating to other networks and ecosystems. However, it’s important to note that not all transactions on the Sui Network are legitimate, with a significant number being attributed to Spam Sui, a dApp on the Sui Network.

Spam Transactions Inflate Sui Network’s Success

Spam Sui operates on a “Spam to Earn” concept, where users earn “SPAM” coins by sending transactions on the Sui Network. This has led to a high volume of transactions, but the sustainability and legitimacy of this model are questionable. Despite the increased activity on the Sui Network, it is ... Read the full article for FREE at COINOTAG!