Sui Chain Transaction Activity Weakens Amid Ecosystem Struggles and Token Price Decline
According to Sui browser data on May 24, most blocks on the new Sui blockchain contain only one transaction, indicating weak on-chain activity and severely insufficient utilization. Additionally, SUI and ecosystem project token prices have performed poorly. As of publication, SUI trades at $0.9948, down 54.11% from its opening day high of $2.16.
According to Sui browser data on May 24, most blocks on the new Sui blockchain contain only one transaction, indicating weak on-chain activity and severely insufficient utilization. Additionally, SUI and ecosystem project token prices have performed poorly. As of publication, SUI trades at $0.9948, down 54.11% from its opening day high of $2.16.
Sui ecosystem project SUIA currently trades at $0.084367, down 76.58% from its IDO cost price of $0.36. DEX project Cetus, which once had 108 million SUI participating, now trades at $0.07, down 52.07% from its opening day high of $0.1469.