SUI Continues Rally As Sui 8192 Web3 Game Fuels Blockchain Activity To Hit New Peak

The Sui blockchain platform is witnessing a surge of activity, mainly due to its new Web3 game, Sui 8192. Not only is this game boosting blockchain engagement, but it's also contributing to the bullish run of Sui's native token, SUI.

Timeline of Sui

Layer-1 blockchain Sui (SUI) Network reached 1 million active addresses less than two months after its mainnet launch, according to a July 14 press statement shared with CryptoSlate. Greg Siourounis, the managing director of the Sui Foundation, stated that the blockchain network's success showed a growing demand for the platform.

Fintech firm Six Clovers has introduced the Versal Network, a platform built on the Sui blockchain, to enhance the speed, security, and cost-effectiveness of cross-border payments.

The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on Binance to cash in.

In a recent series of Twitter posts, the team behind the Sui network and its native SUI token refuted allegations claiming that they had unlocked SUI staking rewards and subsequently “dumped” them on the cryptocurrency exchange Binance.

Sui Network, an L1 blockchain platform, has taken to Twitter to clear the air after speculations that they deliberately misrepresented the emission chart and that the team was dumping staking rewards in the company's native token, SUI.

Blockchain security firm CertiK is receiving a big reward for discovering a major security threat to the layer-1 blockchain project Sui Network (SUI). According to a new press release, Sui is giving CertiK a $500,000 reward for identifying the threat codenamed “HamsterWheel,” which could have crippled the entire blockchain network.

The innovative audit firm, CertiK, recently unveiled a potentially catastrophic bug lurking within the Sui network, preventing a potential disaster. In recognition of the significance of this finding, the Sui Foundation rewarded CertiK with a substantial $500,000 award.

Blockchain security firm CertiK has been awarded a $500,000 bounty by Sui for identifying and reporting a critical vulnerability called "HamsterWheel" before Sui's mainnet launch.

Sui awarded $500,000 to blockchain security firm CertiK for discovering a critical ‘HamsterWheel' vulnerability on its network, according to a June 19 blog post. In the blog post, CertiK's Skyfall team detailed the technical aspects of the HamsterWheel attack, explaining how it would have negatively impacted Sui and how it was fixed.

Over the last 24 hours, SUI has put on a tremendous rally and has risen over 15% in this time period. With this rally, the altcoin has moved once more into bullish territory, which begs the question of whether SUI would be on its way back to $1 soon.