Criticism about the tokenomics of Sui Network tokens have been addressed and explained by the Layer-1 decentralized platform. Published on the X platform, this statement rebuts criticisms leveled about its tokenomics, in particular its distribution and the founders’ control over them. Beyond claims of possessing a huge number of tokens,
As of right now, Sui Network is commemorating the one-year anniversary of its mainnet debut. After starting off as an isolated ecosystem, the Sui Network has grown into a powerful Layer-1 decentralized platform in under a year. To further its artificial intelligence and web3 projects, Sui Network teamed up with
Amidst Bitcoin’s extraordinary surge in value recently, the cryptocurrency market’s overall valuation has soared past the $2.7 trillion mark. While this growth has sparked substantial interest, certain prominent altcoins such as Celestia (TIA), Sui (SUI), and Optimism (OP) have remained in a downward trend. This continued bearish outlook has prompted
In the rapidly evolving landscape of cryptocurrency and digital finance, investors are constantly on the lookout for the most lucrative and promising opportunities. Recently, the spotlight has turned to Option2Trade (O2T) and Sui (SUI) as beacons of potential in a sea of digital assets. With analysts predicting gains upwards of
As the year 2023 winds down, the crypto market has been a spectacle of resilience and optimism, with significant cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) leading a spirited rally. Despite a mild correction earlier, Bitcoin has surged more than 63% since mid-October, while Ethereum has followed suit with a
Today, several cryptocurrencies have experienced notable price surges,adding to the overall market cap surging over 0.93%. Each of these top gainers has seen varying degrees of growth and recovery in the market. Let’s take a closer look at their performances and reasons behind their price fluctuations. Top Gainers : Bitcoin
Sui Mainnet, a new player in the competitive blockchain industry, is under bearish momentum since it has experienced a significant decline in its token price in recent weeks. Since its public launch in May, Sui has struggled to gain traction.It had a staggering 37.47% decline over the past month and
In a statement on Tuesday, the Sui Foundation, the organization spearheading the development of the Sui crypto network, clarified that it had not carried out any sales of staking rewards on the Binance cryptocurrency exchange. The purpose of this communication is to share information regarding the tokenomics of the Sui
CertiK, a blockchain security company, was awarded a $500,000 prize by the Sui network for reporting a problem that may have affected the whole layer-1 blockchain. The CertiK team, in a statement, said that the “HamsterWheel” vulnerability was unique in comparison to other assaults that have shut down blockchains by
The SUI token has staged a notable recovery in the crypto market, experiencing a dramatic surge in price after a challenging week. Within the last 24 hours, the price soared to $0.709930, marking a significant 19.15% increase. During the 24-hour period, the token exhibited price fluctuations between a low of
