
Despite the concerns, the SUI token staged an over 120% rally in the past month.
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SUI gained 115% in a month after integrating USDC into its blockchain, which resulted in a parabolic surge in user and network activity.
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Sui’s technical capabilities and the upcoming release of a native gaming console could see the network eventually rival Solana, but tokenomics pose a looming threat.
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SUI outperforms the bulk of the crypto market with a strong double-digit gain, but is the rally sustainable?
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A buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s mainnet debut on May 3, 2023. The native token SUI has been listed on various cryptocurrency exchanges, drawing attention to the project. On the same day the network launched, SUI peaked at $2.16 per unit, but […]
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