Decoding Spam: The "Driving Force" Behind Sui's Daily Transactions Surpassing Solana's
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Decoding Spam: The "Driving Force" Behind Sui's Daily Transactions Surpassing Solana's
Spam is a project that performs Proof-of-Work (PoW) on a Proof-of-Stake (PoS) chain, similar to Ore on Solana.
Navigating Web3 tides with focused insightsWritten by: Alex Liu, Foresight News
Surge in Transaction Volume on Sui
A recent report from Degen News, a media outlet focused on the Solana ecosystem, sparked heated discussion: "Sui has surpassed Solana in daily transaction count." Waves of skepticism quickly followed: "The data must be wrong—hardly anyone's using it!" and "Are they counting instructions as transactions again?"—a criticism Sui previously faced for conflating instructions with transactions in its marketing materials. (A single transaction can include multiple instructions.)
Solana co-founder Toly openly shared the news with congratulations, while Sui co-founder and CPO Adeniyi stepped in to clarify: "These are all independent transactions," affirming the authenticity of the data.
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What caused this spike in Sui’s transaction volume? Adeniyi called out the instigator—Juzy, developer of Spam. But what exactly is Spam, and how can one participate?
What is Spam?
In short, Spam is a project similar to Ore on Solana—it implements Proof-of-Work (PoW) mechanics on a Proof-of-Stake (PoS) blockchain. Users earn tokens by continuously sending transactions; the more transactions sent, the more tokens earned. The only cost is gas fees.
The SPAM token has a total supply of 100 billion, with 1 billion minted daily over 100 days. Daily inflation decreases gradually over time.
Daily inflation starts at 100% on Day 1 and drops to 1% on the final day.
Such a token clearly lacks functional utility, yet it has gained popularity due to several appealing characteristics: open and equal participation with no whitelist; predictable, transparent supply; no pre-mine by the team, ensuring fair distribution; and the only expense being gas fees.
Thus, this concept isn't particularly novel. Fair distribution has been a trending narrative for over a year, and Spam’s mechanism closely resembles that of Ore.
However, there is one key difference. Conducting PoW on a PoS chain can serve as a kind of "performance test" for the underlying network. Solana experienced serious issues during Ore’s launch, with transaction success rates plummeting and the entire network nearly unusable for days. In contrast, Sui appears to have withstood the stress test—despite the surge in transaction volume, its success rate, confirmation speed, and fees have remained stable. As a result, following the news of surpassing Solana in daily transactions, subsequent developments seem to have evolved into a joint marketing effort between Sui and the project team. Indeed, Sui has actively supported Spam: official accounts and co-founders have promoted it widely, and SPAM-SUI liquidity pools on Turbos have begun receiving SUI token incentives funded by the Sui Foundation.
Spam founder announces SUI token incentives for SPAM-SUI LPs
How to Participate in Spam?
To spend SUI gas and mint SPAM, visit the web minter, which generates an in-browser wallet dedicated to Spam.
The web minter automates everything: sending transactions, minting, and claiming SPAM. Simply transfer any amount of SUI (for gas fees) to the wallet and click “Start”—it’s that simple. The process is even easier than Ore was previously.
Spam web minter
You can also use an existing wallet for Spam, but this requires importing your private key into the web minter program. This is not recommended if you hold other assets (such as NFTs), as storing private keys in browser storage carries some risk.
Also, remember to register before starting Spam! The counter works as follows: a new counter is created each day. If you send transactions on Day 1, you must register on Day 2. From Day 3 onward, you can mint SPAM at any time.
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