Sui Mainnet Upgrade Introduces Zero-Gas Transaction Simulation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Zero-Gas Transaction Simulation: The release of Sui mainnet v1.74.1 introduces zero-gas transaction simulation, allowing eligible transactions to proceed without a non-zero gas price, thereby streamlining testing workflows for stablecoin transfers and enhancing user experience and developer efficiency.
Node Stability Fixes: This upgrade includes two infrastructure-level fixes that disconnect unreachable state-sync peers and resolve spurious panic issues during normal node shutdowns, which will reduce resource waste and improve overall node performance, ensuring network stability.
Protocol Version Update: Sui mainnet v1.74.1 is tagged as protocol version 128, indicating that this upgrade is a formal release rather than a simple patch, reflecting Mysten Labs' adoption of a more conservative rollout strategy to enhance network reliability following three mainnet outages.
Market Performance: At the time of this upgrade release, SUI traded at $0.73 with a market capitalization of approximately $2.96 billion; while such protocol upgrades typically do not produce immediate price reactions, their long-term impact may foster sustained developer adoption and network stability.

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Technical Analysis for SUI

Technical Sentiment Analysis for Sui (SUI). As of , Sui (SUI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sui (SUI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.522	0.587	0.65	0.715	0.778	0.843	0.907
Fibonacci	0.587	0.636	0.666	0.715	0.764	0.794	0.843

About SUI

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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