Is Ethereum (ETH) and Solana (SOL) Losing Ground? Surprise Altcoin Skyrockets in Daily Transaction Volume!

• In a surprising turn of events, an altcoin has managed to surpass both Solana and Ethereum in terms of daily transaction volume.
• According to data shared by cryptocurrency analysis platform Coin98, Sui (SUI) has taken the top spot, leaving Ethereum (ETH) and Solana (SOL) behind.
• The data shows that Sui’s daily transaction volume stands at 40 million, significantly outpacing Solana’s 27 million.

An unexpected player, Sui (SUI), has overtaken Ethereum and Solana in daily transaction volume, sparking intrigue and skepticism in the crypto community.

Sui Takes the Lead in Daily Transaction Volume

As per the data shared by Coin98, Sui has made a significant leap in daily transaction volume, leaving Ethereum and Solana behind. The data reveals that Sui’s daily transaction volume is 40 million, while its closest competitor, Solana, stands at 27 million. The daily transaction volume ranking is as follows:

1. Sui – 40 million
2. Solana – 27 million
3. Near – 6.6 million
4. Tron – 5.4 million
5. opBNB – 4.6 million
6. Polygon – 3.5 million
7. BNB Chain – 3.1 million
8. Base – 2.5 million
9. Arbitrum – 1.3 million
10. Ethereum – 1.2 million
11. Avalanche – 961 thousand
12. zkSync – 854 thousand
13. Blast – 734 thousand
14. Aptos – 672 thousand
15. Optimism – 520 thousand
16. Scroll – 410 thousand

Skepticism Surrounding Sui’s Sudden Rise

Despite these impressive numbers, some skeptics argue that the data may be dubious, given that Sui reportedly only has around 55,000 active users daily. Coin98 also shared data on the total unique address numbers of cryptocurrency networks. According to this data, BNB Chain leads with 445 million addresses, followed by Polygon with 419 million, and Ethereum with 267 million. Sui, on the other hand, ranks thirteenth with approximately 10 million addresses.

Conclusion

The sudden rise of Sui in daily transaction volume has certainly stirred the crypto community. While the data presents a compelling narrative, the relatively low number of active users raises questions about the validity of these figures. As the crypto market continues to evolve, it remains to be seen whether Sui can maintain its lead or if this is just a temporary surge.