Sui Network [SUI] has been busy, but what about the native token?
Here’s what you need to know.
Sui hits 40 million TPS – A new record!
On October 7, Sui ran a live stress test at Sui Basecamp in Singapore and hit 40,614,180 transactions per second. Its own target was 20 million.
Its previous record, set on July 4, was just over 6 million.
The test was independently analyzed by CertiK. AI agents paid, played, and chatted with each other inside Sui’s “tunnels.” Something cool worth knowing: The transactions ran off-chain inside those tunnels and were then settled on Sui’s mainnet.
Technically, it’s not 40 million transactions hitting the chain directly, but it’s still a big number.
Alibaba runs cloud infrastructure across more than 90 availability zones worldwide. That’s a lot of potential AI agents needing to pay for things. The scope is massive.
Here’s what’s funny…
On the day Sui hit 40 million TPS, SUI fell 5.3%.
To be fair, the bigger picture still looks decent. SUI was near $0.71 in mid-September. It’s gone up about 57% since then, after peaking at $1.30 towards the end of the month.
For most of the past week, it held between roughly $1.15 and $1.21. Today, it slipped.
Momentum has cooled, with RSI falling from above 70 during September’s rally to 56.
Money flow is the one bright spot.
CMF remained strongly positive at 0.33 despite beginning to fall, suggesting capital flows still favour the buy side.
Final Summary
- Sui hit a record 40.6 million transactions per second in a live test.
- SUI fell 5.3% to around $1.12 on the same day!
