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These are the perfect cryptos to sell due to their substantial dilution, lack of use cases, and terrible price action.

The Sui network recently went on a thrilling rollercoaster of events, witnessing a remarkable surge in transaction volume. Daily transaction block numbers skyrocketed from a modest 200,000 to over 6 million in a single day, driven by the launch of the Web 3 game “Bullshark Quests.

Sui network's persistent growth propelled it into the league of the top 100 cryptocurrencies by market capitalization, but the value of the SUI token has been on a downward trajectory. Sustaining this heightened market position presents difficulties, as demonstrated by the recent performance of the Sui token's value.

Sui Network's electrifying transaction surge and divergent metrics raise curiosity, while SUI token's enigmatic trend adds mystery to the thrilling ride."

The Sui Network, a Layer 1 blockchain known for its object-centric data model, announced the launch of a new feature that enables liquid staking as part of its latest network upgrade.

Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices remained above the key $29,000 level on Thursday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $1,900 mark this morning.

Following the SIP #6 discussion, the Sui crypto project team decided to make an update to the network and implement the native liquid staking process.

On August 3, the Sui mainnet underwent a significant upgrade to version V1.6.3, bringing numerous fixes and optimizations to the platform.

Mysten Labs' Layer 1 blockchain Sui Network's latest network upgrade has added support for liquid staking of its native token.

Mysten Labs launches Bullshark Quest 2 on July 28, 2023, offering a 5M SUI reward pool. Open to SuiFrens Bullshark or Capy holders, participants earn points via dApps engagement.

Mysten Labs is set to embark on an exciting new adventure as the first Bullshark Quest comes to a close.

Sui community has embraced the SIP improvement proposal #6.

The Sui Foundation has ended its partnership with decentralized exchange MovEx.

The foundation asked MovEX to move the entire 2.5 million SUI to a qualified custodian who will release them according to the token emission schedule.

Sui Foundation has ended its relationship with the decentralized exchange MovEX following a breach of contract. The foundation alleged that MovEX had released a significant amount of SUI tokens – subject to a contractual lockup – into circulation.

The Sui Foundation has terminated its relationship with the decentralized exchange MovEx over the latter's violation of the SUI token's lockup schedule.

MovEx had violated the lockup by initiating three transactions of 625K SUI to three unique wallets, sparking concerns around these excess tokens in the open market.

Sui Foundation has cut all ties with decentralized exchange MovEx, citing multiple contract violations. The Foundation allegedly paid $2.5 million SUI to MovEx for developing DeepBook, the network's native order book.

The Sui Foundation has ended its relationship with decentralized exchange MovEx following a breach of its contract.

The Sui Foundation terminates its partnership with the MovEx team due to violation of contractual lock-up regulations.

Releap Protocol, a pioneering decentralized social graph protocol operating on the Sui ecosystem, has achieved a significant milestone by securing $2.1 million in financing.

Steven Ehrlich, the Director of Research for Forbes Digital Assets, joins "Forbes Talks" to discuss the new Ethereum competitor, Sui. Read the full story on Forbes: Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes.

Sui Network has achieved a remarkable milestone, with on-chain data revealing that the number of daily transactions has surged to an unprecedented 28.63 million, marking a new all-time high since the launch of its mainnet.

Sui Network's on-chain activity has sparked a controversy, dividing the community into two different opinions, after network activity spiked.