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The number of transactions on the Sui chain has surged, and the Spam project has become key

The number of transactions on the Sui chain has surged, and the Spam project has become key

Bitget2024/05/07 03:55

Recently, the number of transactions on the Sui chain has surged, sparking a lot of discussion. The daily transaction volume of Sui even surpassed Solana, raising some doubts. However, Adeniyi, co-founder and CPO of Sui clarified that these are independent transactions and the data is real. Adeniyi attributed this surge to Juzy, the developer of Spam project. Spam is a project similar to Ore on Solana where users earn tokens by continuously sending transactions. The total supply of SPAM tokens is 100 billion with 10 billion mined every day for a total duration of 100 days. Despite these tokens having no functional value, they have been sought after due to their fair distribution, predictable supply and absence of pre-mining by the team. Under the stress test from Spam, Sui chain performed well with successful transaction rates, confirmation speeds and fees all maintained at good levels.

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