On April 3rd, Sui recorded an impressive 41 million transactions, surpassing Solana’s 27.7 million transactions on the same day.
This surge in Sui activity is due to ‘spam‘, a token for rigorous network stress tests.
Spam Tokens Drive Sui’s Transaction Surge
Sui, who celebrates its 1 year anniversary of their mainnet this month is a newer chain compared to the established Solana network. Sui has implemented this stress test to evaluate and enhance its capabilities. The test involves the issuance of spam tokens; each day, 1 billion tokens are released and distributed among users based on the volume of transactions they initiate.
This mechanism not only tests the network’s capacity and resilience but engages the community by rewarding participation.
Source: Artemis
The primary goal of utilizing spam this way is to simulate high-traffic conditions on Sui’s infrastructure to identify potential bottlenecks and improve overall performance. During the stress test period, network throughput peaked at 863 transactions per second (TPS) and later stabilized at around 650 TPS, as reported by a user named Martyparty.
Update on @SuiNetwork loadtest this week: The #SUI network has seen a successful community driven loadtest using the https://t.co/YToo2whnIV web miner platform this week. Numbers are impressive peaking at 863 tps settling at 650tps.
Hitting 41m+ transactions see below… pic.twitter.com/QDP9YJdr8C
— MartyParty (@martypartymusic) May 4, 2024
According to Artemis, a blockchain analytics tool, the overwhelming majority of the transactions during this period were related to the distribution and circulation of spam tokens.
More About Spam on Sui
Over 65 million transactions have been logged since the stress test began. This number is expected to rise as more users join to earn spam tokens. Despite these large numbers, the unique user participation stands at less than 60,000. This indicates a high level of engagement from a relatively small number of users. This is how this spam token works:
SPAM: HOW IT WORKS
The SPAM system has two components:
An onchain mechanism to track user transactions, calculate rewards per user, and let users mint $SPAM in proportion to the number of txs they sent.
A web miner for users to easily send lots of transactions… https://t.co/FIZKaAKYaf pic.twitter.com/GXjAIDcj1Z
— juzy (@juzybits) April 30, 2024
This experimental approach taken by Sui not only tests the network’s technical capabilities but also creates a dynamic environment for user interaction. By tying spam tokens to transaction activity, Sui boosts user participation in network development.
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