Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Sui daily transactions soar 60 percent to 4.38 million

Sui daily transactions soar 60 percent to 4.38 million

CointurkCointurk2026/05/24 18:03
By:Cointurk

In the past 24 hours, Sui Network recorded a striking 60 percent increase in daily transactions, bringing fresh attention to the competition among Move-based blockchains. Data reveals that Sui facilitated 4.38 million transactions within a single day, achieving one of the highest throughput rates ever observed. The network’s rapid 79-millisecond block time has also attracted the notice of industry observers.

Liquidity and market cap comparison

Sui’s total market capitalization has now reached $4.11 billion, with its fully diluted valuation (FDV) topping out at $10.27 billion. By contrast, Aptos — its main rival among Move-based chains — has a market cap of approximately $757 million and an FDV sitting at $1.94 billion. This places Sui’s market cap ratio at roughly 5.4 to 1 compared to Aptos.

On the DeFi front, Sui commands a total value locked (TVL) of $2.6 billion, while Aptos falls behind at $1 billion. Over the last 24 hours, trading volume on Sui reached $175.6 million, significantly outpacing Aptos, which posted $20.4 million in transaction volume during the same period.

Glossary: Fully Diluted Valuation (FDV) refers to the theoretical market value calculated by multiplying a cryptocurrency’s total potential supply by its current price. This figure includes coins or tokens that have not yet entered the market.

Both networks operate on the Move programming language, a technology initially developed by teams with a background at Meta (formerly Facebook). Despite these technological similarities, Sui appears to attract greater capital inflows and user engagement, positioning itself as the more liquid chain within its ecosystem.

Metric Sui Aptos
Daily Transactions (24h) 4.38 million –
Market Cap $4.11 billion $757 million
Fully Diluted Valuation (FDV) $10.27 billion $1.94 billion
TVL (DeFi) $2.6 billion $1 billion
24h Volume $175.6 million $20.4 million
Supply Circulating / Total 4 billion / 10 billion 819 million / 2.1 billion

Token supply and price performance

Aptos recently revised its tokenomics, capping total supply at 2.1 billion tokens, with about 39 percent (or 819 million tokens) currently in circulation. In comparison, Sui has approximately 4 billion tokens circulating, with a total supply set at 10 billion—about 40 percent currently accessible on the market.

Looking at each project’s price action, Sui is currently trading about 80 percent below its all-time high of $5.35. By comparison, Aptos is down 96 percent from its $20.07 peak.

Network progress and ecosystem

Sui’s industry-leading 79-millisecond block time makes it one of the fastest layer-1 blockchains available today. The network’s dramatic increase in transaction volume and swift block times have set it apart as an ecosystem leader moving into 2026. Meanwhile, developers and DeFi liquidity providers continue to compete for prominence on both Sui and Aptos within the growing Move-based landscape.

According to BSCNews, Sui has overtaken competitors such as Sonic Labs and Waterfall DAG in terms of its surge in daily transaction activity.

Despite a similar circulating supply ratio between the two chains, Sui’s greater market presence provides broader opportunities for institutional capital to enter its ecosystem.

Experts highlight that genuine transaction revenue and user retention metrics will ultimately determine sustainable growth for both networks. For now, on-chain data suggests Sui maintains a structural edge over Aptos.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Applied Materials (AMAT.US) Q4 Earnings Call: CEO Responds to Capacity Mismatch Concerns, Says No Customer Delayed Delivery; System Capacity Expected to Double by 2028

Applied Materials released its financial results for the fourth quarter of fiscal year 2026 (ending October 25, 2026) after the US stock market closed on November 12.

智通财经•2026/11/13 02:22

The End of an Era! Semianalysis: Without Jensen Huang, Nvidia Will Become the Next Apple

Semianalysis believes that Jensen Huang’s departure marks the end of a founder-driven era. Nvidia is highly likely to replicate the "post-Steve Jobs Apple model"—shifting from aggressive bets to stock buybacks—which is not beneficial for either technological advancement or shareholders. A greater concern is that the supply chain advantages, customer trust system, and open-source ecosystem moat personally built by Jensen Huang will be difficult for his successor to replicate. By 2028, over 70% of total production capacity may shift to non-Nvidia players.

华尔街见闻•2026/11/13 01:24
The End of an Era! Semianalysis: Without Jensen Huang, Nvidia Will Become the Next Apple