Sui experiences Tageplus of 12 percent due to increased number of transaction - long -term stability questionable?

Sui experiences Tageplus of 12 percent due to increased number of transaction - long -term stability questionable?

The cryptocurrency SUI has recorded an increase of 12 percent in the past few days. This increase is due to the increased number of daily transactions in the network. However, the question is whether this indicator is sustainable.

Before the stock exchange debut in May, Sui had attracted a lot of attention through cooperation with large crypta borns. However, the trust of the investors in June suffered through opaque maneuvers when selling token. Now Sui broke the negative trend and was able to increase an increase of 12 percent at the beginning of the week. The reason for this is the news that significantly more daily transactions are suddenly carried out in the SUI network than usual. This number of over 20 million transactions even exceeds the much older and larger network of Solana (SOL). This information can be checked on the Artemis data service.

The crypto expert Andrew Kang critically commented on the development of Sui. He claimed that Sui flipped its numbers and that the market seems to be irrelevant whether the transactions were "real". He may have referred to the allegations of fraud from June. However, a more precise analysis shows that the massive increase in daily transactions coincides with the launch of the Blockchain-Games SUI 8192. In this simple puzzle game, every train on the SUI Blockchain is documented, which leads to many transactions. The SUI Foundation also provided 5 million US dollars prize money, which further increased the number of transactions.

kang later admitted indirectly that his assessment was wrong. However, the question remains whether the game SUI 8192 will continue to attract many participants even after the end of the prize money phase. Increasing the attractiveness of cryptocurrency through targeted actions works temporarily, but rarely has sustainable effects. However, it should be noted that Sui has other blockchain games in preparation, which could help to sharpen the profile of SUI.

In summary, it can be said that Sui is recovering, but it remains questionable where the journey is going. At the introductory round at Binance, Sui named decentralized finances and blockchain gaming as a desired field of application. In the area of ​​decentralized finances, however, SUI has so far been insignificant and it remains questionable whether blockchain gaming can attract a large number of users without additional financial incentives. There is a lot of indication that the Sui price curve will continue to be very volatile for the time being.