Reviewed by Reviewed by Adewale Olarinde Updated 17:30 EDT September 30, 2026 Share Share Share Back to Top It’s been a busy week for Sui [SUI]. The native token has reacted, and traders are rushing for entry
Most blockchains like advertising their speed, but SUI came with receipts. The network has now crossed 6 billion total transaction blocks!
This is important because a “transaction block” on Sui isn’t always a single action, as a block can bundle several steps together. Steps like swapping a token, staking part of it, and sending the rest to a friend, all in one go
The 6 billion has an even bigger number under it, basically
Then there’s the speed flex. Sui reportedly leads L1 blockchains on transactions per second [TPS]
What’s more is that Sui’s getting a little more grown-up too. Scorechain, a firm that builds compliance tools for crypto, now works with Sui
What this means is that the people who check for shady transactions can check wallets, watch transactions, and follow the funds on the network, just like they already do on networks like Bitcoin and Ethereum
So how’s the token taking all this good news? Pretty well, mostly
SUI went from the $1.00 price level on the 25th to nearly $1.29 by the 27th, but it could not keep the level for too long, as sellers dragged it back down to the $1.10 price area
It has since risen back, and was trading near $1.20 at the time of this writing
The hourly chart looks decent, with buyers being in control. The MACD has also crossed back above its signal line after a rough couple of days
Open interest is up at $422 million, and funding rates saw a sharp rise in the last few hours. Traders betting on a rise are now paying a hefty premium to keep those bets open
A lot of people are leaning long, and if the price stalls, they could get pushed out very quickly
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
