Unprecedented Surge in SUI Cryptocurrency Transactions: A Potential Catalyst for Price Growth?

• Despite a surge in activity, the SUI network fails to perform well in the DeFi space.
• The increased activity was driven by the network’s dApp, Spam Sui, which introduced a unique “Spam to Earn” concept.
• Despite the high transaction volume, concerns about the network’s actual organic usage have been raised.

Recent surge in activity on the SUI network raises questions about its organic usage and performance in the DeFi sector.

SUI Network Experiences Significant Surge in Activity

The SUI network recently saw a significant increase in daily transactions and active addresses. This surge was primarily driven by the network’s dApp, Spam Sui, which introduced an innovative “Spam to Earn” concept. Unlike traditional crypto mining, users can earn “SPAM” coins by merely executing transactions on the SUI network. The more transactions, the more SPAM coins are earned.

Concerns About Organic Usage

Despite the impressive transaction volume, concerns have been raised about the network’s actual organic usage. The high transaction volume was not due to genuine user activity, which could be seen as misleading and could potentially dampen sentiment. However, the SUI network’s ability to handle such a high volume of transactions demonstrates its scalability and potential for real-world applications.<... Read the full article for FREE at COINOTAG!