On-chain metrics such as daily transactions or daily active users indicate the popularity or strength of a particular Blockchain. Sui Network’s on-chain activity has increased in recent days. However, this has sparked a controversy, dividing the altcoin community into two different views.
Why has Sui’s on-chain activity increased?
On Monday, transactions on the Sui Blockchain hit an all-time high. SUI 8192 game played a role in this. Thus, Sui Blockchain got ahead of Solana in day-to-day transactions.
Sui daily transactions hit all-time high / Source: TwitterOn-chain measurement platform Artemis announced on Twitter that they are considering transaction blocks for Sui instead of transactions. He made the following statement in detail:
The increase in data is not the result of a large number of status updates in a small number of transaction blocks, but a significant increase in the number of transaction blocks users ultimately send.
The developers designed the game mechanism of SUI 8192 to broadcast every single game activity, such as moving gems as an on-chain transaction. Artemis said they added 1,000 transaction blocks by playing the game for 10 minutes.
The development caused controversy among altcoin users!
There are mixed opinions from community members about on-chain activities. Famous trader Andrew Kang wrote on Twitter:
Sui is pumping the numbers up. The chart looks good, but the market doesn’t seem to discern regarding the validity of trades. Fake ’til you make it
Various other community members described Sui’s on-chain activities as “inorganic and manipulated.” Some of the community members defended Sui Blockchain against allegations of fraudulent on-chain activities. One smart contract developer wrote on Twitter:
The aim of this event is to reward the first supporters of Sui Network in a fun and original way. Rather than airdrop a token like everyone else, Mysten airdropped 380,000 Bullshark NFTs, allowing holders to participate in missions and share a $5 million SUI pool. It is clear that the number of daily transactions will not remain so high once the event is over. So it’s no use getting excited.
Some community members say that SUI 8192 demonstrates the potential of Sui Blockchain. It also predicts that some users will be active in the ecosystem after the event ends. Indeed, one of the aims of SUI 8192 was to prove the performance of the network “as every transaction is instantaneous even though every single transaction is an online transaction”. As Cryptokoin.com reported, it launched Layer-1 Blockchain main-net in May. The altcoin project has caused controversy since then for various reasons. This includes the latest on-chain activity discussion.
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