Impressive transaction volume: SUI recorded more than 7 billion transactions in November 2024, showcasing its ability to handle a large volume of transactions without overload. This demonstrates SUI’s strength in meeting market demands and creating a more efficient trading environment compared to many current blockchains.
Infrastructure and ecosystem: SUI offers a scalable infrastructure and efficient ecosystem, attracting not only developers but also businesses and users. This interest extends beyond development, as people look for alternatives to existing platforms like Ethereum and Solana.
Formidable competitor: The SUI blockchain proves itself as an important competitor in the field of decentralized finance (DeFi). This growth indicates that SUI can become a main platform as the blockchain landscape evolves, drawing the attention of developers and decentralized exchanges.
Challenges of competitors and SUI’s opportunity: Ethereum often faces high transaction fees and Solana is limited in reliability, but SUI’s efficient network structure overcomes these obstacles, making it a preferred choice for many users and developers.