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

After the launch of the mainnet on May 3, the SUI token fell into a deep downtrend, which has caused the price to drop by more than 87%. Low user numbers and poor on-chain data have severely clouded the outlook.

The Sui network defies expectations with a surge in transactions and active addresses, but new accounts and TVL show a disappointing flat trend.

The Sui blockchain platform is witnessing a surge of activity, mainly due to its new Web3 game, Sui 8192. Not only is this game boosting blockchain engagement, but it's also contributing to the bullish run of Sui's native token, SUI.

The new Sui 8192 Web3 game has attracted 258 million in transactions on the Sui blockchain over the past 24 hours.

A viral blockchain-based game, Sui 8192, has become the catalyst for a significant increase in daily operations on the Sui Network, surpassing even the activity on Solana, according to data analysis platforms. Drawing inspiration from the addictive browser game 2048 from 2014, Sui 8192 challenges players to shift and merge tiles using arrow keys, with the goal of reaching a tile worth 8192.

Record-high transactions on Sui blockchain fueled by first on-chain game Sui 8192. Potential to revolutionize gaming industry with persistent digital assets.

Sui 8192 is a tile-sliding puzzle game launched in October 2022 and is fully on-chain. Each move is recorded as a transaction on the Sui Network.

Layer-1 blockchain Sui (SUI) Network reached 1 million active addresses less than two months after its mainnet launch, according to a July 14 press statement shared with CryptoSlate. Greg Siourounis, the managing director of the Sui Foundation, stated that the blockchain network's success showed a growing demand for the platform.

Sui network, a blockchain platform known for its focus on gaming, NFTs, and user-centric applications, has surpassed one million active addresses.

New Sui Foundation order book DeepBook is meant to help developers “build apps that exchange tokens seamlessly.”

Layer-1 blockchain Sui announced the release of DeepBook, a decentralized central limit order book (CLOB) that will support all applications built on the network.

Mugen Interactive says its decision to launch Legend of Arcadia (LOA) on Sui is due to its scalability, cutting-edge gaming infrastructure.

Oracle Red Bull Racing has partnered with Mysten Labs to launch the Oracle Red Bull Racing Validator on Sui, their official blockchain. This move aims to enhance fan engagement and ensure only valid data is added to the blockchain.

Earn SUI Rewards with Thrilling Bullshark Quests: Start Your Adventure Today Read more

Digital payment company Six Clovers is launching a new Web3 cross-border crypto payment system called the "Versal Network," which allows companies to transact in stablecoins and CBDCs. Six Clovers co-founder and CEO Jim Nguyen joins "First Mover" to discuss the launch and why they decided to build on the Sui blockchain.

The circulating supply of SUI is expected to hit 1 billion by the end of 2023.

Fintech firm Six Clovers has introduced the Versal Network, a platform built on the Sui blockchain, to enhance the speed, security, and cost-effectiveness of cross-border payments.

Six Clovers launched Versal Network on the Sui blockchain, enabling faster, more cost-effective and secure cross-border payments.

Versal Network will allow companies to transact in stablecoins and central bank digital currencies.

The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on Binance to cash in.

Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices remaining below the key $31,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $1,900 mark this morning.

In a recent series of Twitter posts, the team behind the Sui network and its native SUI token refuted allegations claiming that they had unlocked SUI staking rewards and subsequently “dumped” them on the cryptocurrency exchange Binance.

The Sui Foundation was recently embroiled in a controversy after it was accused of dumping locked and non-circulating SUI tokens on the popular crypto exchange Binance.