Spiking Daily Transactions on Sui Network – Exploring Web 3.0 Apps

The Sui Network has seen a massive spike in daily transactions due to the Sui 8192 game, a sliding tile game similar to the 2014 viral browser-based puzzle game 2048. The game was launched in October 2022 and was built by Sui wallet provider Ethos Wallet as the first wholly on-chain Sui game. It is open-sourced and provides an example of how web 3.0 apps can evolve on the Sui blockchain.

In the game, each move is recorded as a transaction and requires a gas fee payment, and each instance of the game mints a new object, similar to minting an NFT. This has led some data platforms to suggest that the Sui Network has surpassed Solana in terms of network activity.

The Sui 8192 game is a great example of how web 3.0 is being used in the crypto space, and it is just one of the many recent AI article generators and best crypto sources and alerts that have been developed to help people stay up-to-date with the latest news in the Big Crypto world. It is unclear exactly when web 3.0 will be fully implemented, but it is clear that it is already having an impact.

Daily transactions hit 20 million

On-chain analytics provider Artemis recently reported that the Sui Network has surpassed Solana in daily transactions, reaching 20 million compared to Solana’s 16 million.

Artemis calculated the daily transactions for the Sui Network differently, as it counts transaction blocks instead of transactions when compared to Ethereum and other chains.

Mysten Labs’ Bullshark Quests initiative is also seen as driving momentum on Sui. For the next few weeks, Bullshark holders can compete for rewards based on their engagement with various Sui games such as Sui 8192, with 5 million tokens put up as rewards from the Sui Foundation.

The Sui Network was launched in May 2023 as a “Solana killer” and touted as a layer-1 blockchain.

At the time of writing, SUI prices were down 0.5% on the day at $0.678.

Cointelegraph reached out to Solana for their take on the daily transaction data but did not receive an immediate response.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space, as well as to explore the potential of web 3.0 apps and the example of web 3.0.