Digital

Sui Network’s On Chain Activity Sparks Controversy and Community Divide

Picture Source: BeInCrypto

The recent surge in on-chain activity on the Sui Network has sparked a controversy within the community, leading to divided opinions. On-chain metrics, such as daily transactions and active users, are often used as indicators of a blockchain’s popularity and strength. The spike in Sui’s on-chain activity has been attributed to the SUI 8192 game, causing transactions on the Sui blockchain to reach an all-time high and surpass Solana in daily transactions. However, the nature of this surge has raised questions, with some community members accusing Sui of artificially inflating its on-chain activity.

SUI 8192 and the Mechanism Behind On-Chain Activity:

SUI 8192 is a gaming mechanism designed to publish each gaming activity, such as moving tiles, as a transaction on the Sui blockchain. This unique approach to gaming has led to a significant increase in transaction blocks on the Sui blockchain. On-chain metrics platform Artemis clarified that the spike in data is a result of the number of transaction blocks submitted by users, rather than the number of transactions itself.

Mixed Reactions within the Community:

The community’s response to Sui’s on-chain activity has been divided. Some, like trader Andrew Kang, have expressed skepticism, suggesting that Sui may be artificially inflating its numbers. They argue that while the charts may look promising, the market may not be discerning enough to evaluate the validity of the transactions. Other community members have accused Sui of engaging in inorganic and manipulated on-chain activity.

Defending Sui and Recognizing Potential:

On the other hand, some community members have defended Sui against these allegations. They argue that the surge in on-chain activity is a result of a specific event designed to reward early supporters of Sui with NFTs and participation in quests. They believe that once the event concludes, the daily transaction count will naturally decrease. These supporters argue that SUI 8192 demonstrates the potential of the Sui blockchain and that some users will remain active in the ecosystem even after the event.

The Controversial Journey of the Sui Network:

The Sui Network, a Layer 1 blockchain, launched its mainnet in May and has faced controversy since then. The recent controversy surrounding its on-chain activity adds to the existing debates surrounding the network. While some view the surge in activity as a positive indication of the network’s performance, others remain skeptical about the authenticity and long-term implications of this spike.

Read More: Delay in US Stablecoin Bill Vote Sparks Debate and Heightens Regulatory Tensions

Conclusion:

The surge in on-chain activity on the Sui Network, driven by the SUI 8192 game, has ignited a contentious debate within the community. While accusations of artificially inflating on-chain activity have been made, others defend Sui’s approach as a means to engage and reward early supporters. The true impact and sustainability of this surge remain to be seen as the event concludes. As the Sui Network continues to evolve, the community will closely monitor its progress and assess the network’s potential amid ongoing controversies.

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