Sui hits 40M TPS record — But there’s one catch
Key Summary
Sui Network has set a new record for 40,614,180 transactions per second in its live stress test, surpassing its target of 20 million. However, its native token SUI slipped on the same day, highlighting the disconnect between the network's performance and its own token's value. This test was independently analyzed by CertiK and showcased the potential for Sui to be used as a platform for AI agents to pay for services using stablecoins.
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Key Findings
Sui Network achieved a record-breaking 40,614,180 transactions per second (TPS) in its live stress test at Sui Basecamp in Singapore. This surpasses the network's target of 20 million and demonstrates its potential for scalability.
The test was independently analyzed by CertiK and showed that the transactions ran off-chain inside Sui's tunnels before being settled on the mainnet. This means that the actual number of transactions hitting the chain is lower, but still significant.
A key aspect of the test was the integration of AI agents with Sui's platform. The agents were able to pay for services using stablecoins, highlighting the potential for Sui to be used as a platform for AI-powered transactions.
The partnership with Alibaba Cloud further underscores this potential. Alibaba runs cloud infrastructure across more than 90 availability zones worldwide, providing a vast potential market for Sui's services.
Despite the positive findings, SUI slipped on the same day as the record. This highlights the disconnect between the network's performance and its own token's value. The token has seen a 57% increase in value since mid-September, but its momentum has cooled. The Relative Strength Index (RSI) has fallen from above 70 during the rally to 56, and the Capital Flow Index (CMF) has begun to fall despite remaining strongly positive at 0.33.
This disconnect between the network's performance and its token's value may be a concern for investors. However, the potential for Sui to be used as a platform for AI-powered transactions remains significant. The partnership with Alibaba Cloud and the integration of stablecoins with Sui's platform further underscore this potential.
Overall, the findings of the stress test demonstrate the potential for Sui to be a scalable and versatile platform. However, the disconnect between the network's performance and its token's value remains a concern that needs to be addressed.