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SUI token gets three core utilities but how has the network fared

Press Releases Crypto News AMB-Crypto SUI token gets three core utilities but how has the network fared

The Sui Network launched its mainnet and introduced the SUI token, showcasing promising activity and seamless operations.
The SUI token’s performance revealed fluctuations in value while serving crucial roles in the ecosystem.

After weeks of eager anticipation, the Sui Network unleashed its mainnet into the digital realm earlier this month. Also, it was accompanied by the grand introduction of its token.

Now that the mainnet is in full swing, it’s time to unveil the curtain and explore its performance and the journey of the mighty SUI token.

The Sui Network shows decent activities

The Ok Link Sui network explorer has revealed commendable activity on the network since its momentous launch. As of this writing, the 24-hour transaction volume on the network stood at 63 million SUI tokens.

Furthermore, the network boasted a notable count of 88,570 active addresses, indicating a growing community of participants.

Moreover, a thorough inspection of the network’s status confirmed its reliability and seamless operation. Since its inception, the network has not experienced any instances of downtime.

Detailed data analysis indicated that all systems within the network had been consistently operational over the past 90 days. There was, however, a temporary downtime observed in the validator system on the testnet.

Delving further into the network active addresses

As a formidable contender in the realm of Layer 1 blockchains, aiming to rival renowned platforms like Ethereum and Aptos, it became imperative to assess the active address count of the Sui Network in comparison to
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Author: Suzuki Shillsalot

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