Sui says it can process hundreds of thousands of TPS after Mysticeti V2 upgrade

The Sui (SUI) network announced via X that it can process hundreds of thousands of transactions per second (TPS) and provide sub-second block finality through its Mysticeti consensus engine. The network also noted that its parallel processing structure enables faster execution for owned-object transactions compared to general processing. Sui launched the Mysticeti V2 upgrade in November 2023.