beincrypto.com
Sui Network’s on-chain activity has sparked a controversy, dividing the community into two different opinions, after network activity spiked.
On-chain metrics such as daily transactions or daily active users showcase a particular blockchain’s popularity or strength.
Why Sui’s on-Chain Activity Has Increased
On Monday, BeInCrypto reported that the SUI 8192 game has led to transactions on the Sui blockchain hitting an all-time high.Sui blockchain has also flipped Solana on daily transactions.
The on-chain metrics platform Artemis explained on Twitter that for Sui, they are considering transaction blocks instead of transactions. It elaborated:
“The spike in the data is not as a result of many state updates in few transaction blocks, but the # of transaction blocks, what users ultimately submit, increasing meaningfully.”
The gaming mechanism of SUI 8192 is designed to publish each gaming activity, such as moving the tiles as a transaction on-chain. Artemis said they added 1,000 transaction blocks by playing the game for 10 minutes.
Fake it Till You Make it?
There are mixed opinions from community members about the on-chain activity.The renowned trader Andrew Kang wrote on Twitter:
“Sui pumping their numbers up.
Chart looks good, market does not seem to be discerning about validity of transactions
Fake it til you make it”
Various other community members called Sui’s on-chain activity “inorganic and manipulated.”
Whereas another portion of community members have defended Sui blockchain against the allegations of faking on-chain activity. A smart contract developer wrote on Twitter:
“The aim of this event is to reward early supporters of @SuiNetwork in a fun & original way. Instead of doing a token airdrop like everyone else, Mysten has airdropped 380k Bullshark NFTs allowing holders to participate in quests and share a pool of $5M SUI.
It is obvious that the daily transaction count will not stay so high once the event is over. It is therefore useless to get worked up”
Some community members believe that SUI 8192 shows the potential of the Sui blockchain, and some users will still be active in the ecosystem after the event is over.
Indeed, one of the objectives of SUI 8192 was to prove the network’s performance as “each move occurs instantaneously, despite each being a transaction processed online.”
The Layer 1 blockchain launched its mainnet in May, and hence since been controversial for various reasons. The latest on-chain activity controversy adds to it.