Sui hits 6 billion transaction blocks as funding rates signal potential volatility
Sui has reached a milestone of 6 billion total transaction blocks, highlighting its high transaction-per-second capacity. The network has also integrated compliance tools from Scorechain to enhance transaction monitoring. While the SUI token price recovered to approximately $1.20, rising funding rates and open interest reaching $422 million suggest that long-biased traders are paying a significant premium, which could lead to rapid liquidations if the price momentum stalls.
Summaries are written by AI from the original article. Not investment advice.