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Sui hits 40M TPS record — But there’s one catch

The token slipped on the same day as the record. Tough room?

Sui hits 40M TPS record — But there's one catch

Sui Network [SUI] has been busy, but what about the native token?

Here’s what you need to know.

Sui hits 40 million TPS – A new record!

On October 7, Sui ran a live stress test at Sui Basecamp in Singapore and hit 40,614,180 transactions per second. Its own target was 20 million.

Its previous record, set on July 4, was just over 6 million.

The test was independently analyzed by CertiK. AI agents paid, played, and chatted with each other inside Sui’s “tunnels.” Something cool worth knowing: The transactions ran off-chain inside those tunnels and were then settled on Sui’s mainnet.

SUI crypto
Source: X

Technically, it’s not 40 million transactions hitting the chain directly, but it’s still a big number.

And there’s more! Sui is teaming up with Alibaba Cloud to let AI agents pay for services-per-call using stablecoins. It’s like a meter running in the background, paying a few cents every time an AI uses a tool.

Alibaba runs cloud infrastructure across more than 90 availability zones worldwide. That’s a lot of potential AI agents needing to pay for things. The scope is massive.

Here’s what’s funny…

On the day Sui hit 40 million TPS, SUI fell 5.3%.

To be fair, the bigger picture still looks decent. SUI was near $0.71 in mid-September. It’s gone up about 57% since then, after peaking at $1.30 towards the end of the month.

For most of the past week, it held between roughly $1.15 and $1.21. Today, it slipped.

SUI crypto
Source: TradingView

Momentum has cooled, with RSI falling from above 70 during September’s rally to 56.

Money flow is the one bright spot.

CMF remained strongly positive at 0.33 despite beginning to fall, suggesting capital flows still favour the buy side.


Final Summary

  • Sui hit a record 40.6 million transactions per second in a live test.
  • SUI fell 5.3% to around $1.12 on the same day!

 

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

Samyukhtha L KM

Journalist

Samyukhtha L KM is a financial journalist and market analyst at AMBCrypto. She covers key market moves, blockchain adoption, and socially-driven crypto trends. She also enjoys providing fresh takes through commentaries on emerging narratives.

AMBCrypto was founded in 2018 with a mission to simplify and bring the latest blockchain and cryptocurrency news to our readers. We have quickly grown into the digital news source for an emerging generation of cryptocurrency enthusiasts, reaching more than a million readers on a monthly basis, across the globe.