As a researcher with years of experience in the cryptocurrency market, I must admit, witnessing the meteoric rise of Sui Wallet has been nothing short of exhilarating. The 300% MoM transaction volume growth in September 2024, followed by even faster increases in October, is a testament to the power of innovation and the growing demand for user-friendly crypto solutions.
In September 2024, Sui Wallet experienced a remarkable surge under Transak, recording a 300% rise in monthly transaction volumes compared to the previous month. This upward trend continued at an accelerated pace in October.
Since the debut of Sui Wallet, Transak has made it effortless to acquire SUI tokens, thereby facilitating the swift growth of the Sui ecosystem. By October 2024, this expansion had led to a total value locked (TVL) surpassing $1 billion and a market capitalization worth approximately $6 billion.
Carlo de Luca Gabrielli, Global Director of Sales at Transak, expressed his excitement about the significant expansion in our collaboration with Sui Wallet. The surge in usage of our payment solutions underscores the market’s demand for robust infrastructure that enables swift and hassle-free crypto transactions.
This integration simplified crypto onboarding, boosting daily users and transactions on Sui.
During the month of early October, Transak’s transactions via the Sui Wallet increased tenfold compared to September, suggesting a surge in user adoption. This increase is significant given that SUI has recently integrated USDC and improved its cross-chain compatibility, a partnership that proved crucial for this growth.
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2024-10-29 18:09