Sui: A "maverick" public chain
"Sui is a public chain with a very clear development direction," said a developer.
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"Sui is a public chain with a very clear development direction," said a developer.
Sui was launched by Mysten Labs in May 2023, and one of its standout features is its parallel transaction processing. As of September 2024, Sui has over 18.19 million active accounts and has processed over 4.58 billion transactions.
Sui Network's TVL hits $810.5M, up 283% this year, as SUI token surges 30% amid strong protocol growth and positive market sentiment.
Sui initially benefited from Meta’s reputation and high-profile investors, but its long-term viability depends on its unique technical architecture.
This article conducts an in-depth analysis of the technical architecture, application ecosystem, developer and user attraction, potential application fields, market and community support of the two public chains Sui and Aptos.
Let’s briefly review the reasons for Sui’s surge, and learn about some Sui ecological projects that are currently attracting attention.
The competitor to the Aptos blockchain said that developers can continue to use its devnet.
These discussions are fueled by the massive funding rounds of two new L1 unicorns, Aptos and Sui, with teams and structures drawn from Meta’s now-defunct Diem and Novi projects.