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Sui Network Leans Closer to Mainnet, 3 Crucial Network Stats to Note

Tue, 02/28/2023 - 10:07
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Godfrey Benjamin
Sui Network recorded over 36 million transactions to show protocol capabilities
Sui Network Leans Closer to Mainnet, 3 Crucial Network Stats to Note
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After months of active development, the highly hyped Sui Network has unveiled some important network stats ahead of its mainnet launch. The protocol said the shared status was recorded following the successful completion of its Testnet Wave 2.

According to the stats, the protocol said it recorded more than 7,000 nodes that were connected to 41 validators. This is an important protocol statistic as, the broader the nodes in the system, the more decentralized it is, and also, the more secure it is judged to be.

Judged as a very scalable protocol built for mass adoption, the Sui Network also said it recorded a total transaction of 36.5 million during the Testnet Wave 2. This figure was further complemented by the more than 118 packages published on the protocol.

Sui Network Inches Closer to Its Long-Awaited Launch with This New Protocol Upgrade

Sui Network was created by Mysten Labs, made up mainly of Meta Alumni, who once worked on the now-collapsed Diem Project. As an enhancement of its capabilities, the protocol said it recorded a total of 1.34 million SUI tokens staked on the network with over 7.35 million staking transactions recorded.

Paving way for mainnet launch

As far as the Sui Network is concerned, it is deemed as the next Aptos Protocol to watch out for in terms of high performance and scalability. In the presence of a number of Layer 1 and Layer 2 protocols boasting of being able to unseat Ethereum in terms of smart contract capabilities, users are notably enthusiastic about the Sui debut.

The protocol has been conducted for protocol upgrades and crucial integrations with partner protocols like Ankr. Deemed to be powered by the SUI tokens, Sui Network has not given a definitive date for its mainnet launch but has been checking the mark with respect to the right ecosystem tools to aid its soft landing.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.