Sui Network's electrifying transaction surge and divergent metrics raise curiosity, while SUI token's enigmatic trend adds mystery to the thrilling ride.
The numbers leaped from a modest 200,000 to 500,000 on 6 July, only to catapult to over 6 million the next day. The transactions skyrocketed to over 65.8 million, with the platform and blockchain at an all-time high.The driving force behind this spectacular network activity was the launch of SUI 8192, a Web 3 game. The virtual universe of “Bullshark Quests,” crafted by Mysten Labs in partnership with the Sui Foundation, captivated players far and wide.
However, as all thrilling quests ended, so did the Bullshark Quest. Consequently, the number of transactions witnessed a massive dip, settling at around 720,000 as of this writing.Despite the breathtaking transaction surge on the Sui network, the Total Value Locked showcased an intriguing divergence. A look at thechart revealed that the TVL was heading in the opposite direction as transactions soared to an all-time high.
The TVL maintained its course with a subtle uptrend and hovered around $14 million as of this writing.Similarly, the volume of activities on the network seemed unimpressed by the transaction’s exhilarating journey. Rather than riding the wave, the volume experienced a slight decline, settling at approximately $2 million as of this writing.
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