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- Sui Network recorded 2.14 billion transactions in 2024, surpassing major networks like Tron, Polygon, and Ethereum.
- Sui Network is six times faster than Solana, processing 297,000 transactions per second.
Sui Network emerge as a dominant power in the blockchain space by 2024, outpacing other major networks in terms of transaction volume. According to Artemis data, Sui Network processed an incredible 2.14 billion transactions this year.
Sui Network Outperforms Major Blockchains in Transaction Volume
This amount not only exceeds Tron’s 1.35 billion transactions, but also outperforms Polygon with 901 million, BNB Chain with 882 million, Base with 472 million, and Ethereum with 270 million.
The total transaction volume of Polygon, Arbitrum, Base, and Ethereum is still less than that of Sui Network alone, demonstrating its significant growth and adoption.
💧@SuiNetwork has more transactions than Polygon, Arbitrum, Base and Ethereum combined this year. pic.twitter.com/zgJ1ZIyQPN
— ToreroRomero (@Torero_Romero) August 21, 2024
Sui also proved its supremacy in decentralized exchange (DEX) volume, reaching 50 times greater volume than Aptos during the first 365 days of its mainnet debut. This considerable difference demonstrates Sui Network’s ability to facilitate high levels of on-chain activity, which strengthens its market position.
On the other hand, Arden, a business that specializes in gamification loyalty programs and on-chain incentive marketplaces, has collaborated with Sui Network.
According to our prior report, this relationship makes use of the network’s speed and scalability, strengthening Arden’s consumer interaction platform and empowering the global reward industry. Arden’s operations are said to have been more efficient and effective as a result of Sui’s technology being seamlessly integrated.
Furthermore, an analyst has complimented Sui Network for its outstanding performance, noting that it is six times faster than Solana. The network is said to be highly scalable, having the ability to process 297,000 transactions per second, greatly outpacing Solana’s throughput.
As of writing, the network’s native token, SUI, is now trading at around $0.8631. It is up 1.08% over the last 24 hours, with a daily trading volume of $127.61 million.