SUI crypto hits 6B transaction blocks, but rising funding flashes a warning

It’s been a busy week for Sui [SUI]. The native token has reacted, and traders are rushing for entry.

SUI crypto crosses 6 billion transactions

Most blockchains like advertising their speed, but SUI came with receipts. The network has now crossed 6 billion total transaction blocks!

This is important because a “transaction block” on Sui isn’t always a single action, as a block can bundle several steps together. Steps like swapping a token, staking part of it, and sending the rest to a friend, all in one go.

The 6 billion has an even bigger number under it, basically.

Then there’s the speed flex. Sui reportedly leads L1 blockchains on transactions per second [TPS].

What’s more is that Sui’s getting a little more grown-up too. Scorechain, a firm that builds compliance tools for crypto, now works with Sui.

What this means is that the people who check for shady transactions can check wallets, watch transactions, and follow the funds on the network, just like they already do on networks like Bitcoin and Ethereum.

SUI is back at $1.20!

So how’s the token taking all this good news? Pretty well, mostly.

SUI went from the $1.00 price level on the 25th to nearly $1.29 by the 27th, but it could not keep the level for too long, as sellers dragged it back down to the $1.10 price area.