SUI becomes one: The debut year of growth and technical breakthroughs brings Sui to the top of Web3
SUI becomes one: The debut year of growth and technical breakthroughs brings Sui to the top of Web3

Grand Cayman, Cayman Islands, May 3, 2024, Chainwire
Protocol introductions, growth course and industry leading technology indicate further success
On the first anniversary of the Mainset start of Sui, the SUI community celebrates a groundbreaking year in which it rose from an up-and-coming ecosystem to the top level of the Layer 1 blockchain, achieved well-known partners and achieved numerous technological breakthroughs. In the run -up to the market launch in 2023, the talk about SUI achieved an extent of excitement that was not reached by any chain that has been founded since then. The first anniversary of Sui is a highlight of the remarkable milestones that the network has reached in its first year.
While centralized institutions are exposed to growing public distrust due to decades-long anti-competition and consumer behavior and outdated blockchains do not have the speed and technology to solve the problem, Sui has emerged as the decentralized solution within a year, which is best suited to disturb this status on a scale. The innovations of SUI begin with SUIS new programming language Move, which was developed by the co -founder and CTO of Mysten Labs, Sam Blackshear. Move introduced a new architecture that concentrated on objects and enables performance and functionality that were simply not available on existing blockchains. The result is a blockchain unique in the industry - the universal coordination layer for intelligent assets.
"How many transformative innovations before us knew the problem we had to solve and developed the technology to solve it without attaching labels, but one year after the introduction it is clear that Sui is a living developer ecosystem," said Evan Cheng, Co founder and CEO of Mysten Labs. "Developers use the performance of SUI as well as its scalable, composable on-chain storage and native accessibility functions to develop sustainable business models with an approach in which the ownership of consumers comes first." While the previous successes of the network are remarkable, the way to integrate the next billion users in Web3 has just started. ”
technological innovations
The results achieved by Sui have confirmed the team's approach. Sui has not only not only experienced a single minute downtime or loss of performance in the past 12 months, but also achieved the following:
- lightning -fast transaction speeds - The time until the final is only 400 milliseconds
- huge scale -297,000 top TPS in a controlled environment
- record-breaking Mainet performance -65.8 million transactions were carried out in a single day, more than ever in a blockchain
- extremely low fees - predictable, stable transaction fees even with high use
Nevertheless, technological improvements in SUI are a constant. In the past few weeks, among other things at its first global presence conference, the Sui BaseCamp, Sui Mystancei introduced the SUIS end-to-end time to the final time, and pilotfish, which enables almost unlimited horizontal scaling by enabling individual validators to use machines to expand their capacity.
SUI has also introduced unique implementations of technologies that make the introduction easier and make the blockchain for mainstream users accessible at both corporate and retail levels. Zklogin is an on-chain authorization with traditional Oauth providers such as Google and Twitter, which enables all users to act directly in the chain with the single sign-on process to which you have got used to, which means that the hurdle of managing wallet addresses and seed phrases. ZKSEND is an exclusive application of SUI that Zklogin uses to enable users to send and request token by simply sharing a link or clicking on it. Sponsored transactions, which are made possible by the extremely low fees of SUI, enable builders to eliminate a final hurdle for engagement. Finally, Enoki, which was announced in the SUI BaseCamp, eliminates the requirements for companies that want to integrate blockchain technology into a turnkey solution that enables you to access SUI.
"The speed at which the comprehensive and talented developer community of the ecosystem delivered powerful protocols and the first technology vaults across the board was breathtaking, and that only after one year," said Adeniyi Abiodun, co -founder and CPO of Mysten Labs. "The goal of SUI is to redefine the way individuals and companies work together to create, grow and share values in a digitized economy. Since the start of the Minneet, Sui has demonstrated important and unique skills in this regard."
Network dynamics - SUI is a goal for defi, gaming and trade
also due to the strength of the network and in particular because of an ecosystem that is in its development so early, Sui quickly developed into one of the outstanding goals for defi activities. Within 9 months after the start of the main set, Sui ranked among the top 10 of all blockchains in TVL. A month later, Suis Dex volume also reached the top 10 status. The Wormhole statistics show that SUI is a top goal for the bridging of Ethereum, even over a period of 30 days, in which SUI recorded more inflows than all other blockchains together and more than twice as much as the next blanketchain. In each of these cases, Sui put numerous well -known networks in the shade that existed for much longer.
Also developers and companies that integrate SUI contribute to the growing dynamics. Bluefin, a derivative exchange that had already handled a transaction volume in billions in billions in her first iteration on another chain, completed this integration to build on SUI. Solend, a leading credit protocol on Solana, chose Sui for his first integration beyond his original network and started the Suilend Protocol, which has already accumulated over $ 30 million TVL. In addition, First Digital Labs, Creator from FDUSD, the fastest growing stable coin in the crypto area with a market capitalization of over $ 4 billion, SUI for its first expansion since its introduction to Ethereum and Bnb.
"On the occasion of the first day of the introduction of SUI, growth and innovation within the SUI ecosystem were sensational and SUI quickly climbed to the top of the Layer 1 blockchains," said Greg Siorounis, Managing Director of the SUI Foundation. "Suis Global Presence has continued to expand at a remarkable pace, since more and more builders SUI than the best platform for the implementation of real solutions that aim to deal with the most urgent challenges in the world."
gaming is another focus for SUI, which will continue in the coming months and years. With low, predictable fees that enable game developers to develop with confidence, and dynamic objects that make games based on SUI is more expressive, SUI is the optimal blockchain for game studios. Dozens of development teams are currently developing games on SUI, including established studios such as NHN (Pebble City), Onbuff X SNK (Samurai Shodown), NDUS Interactive (Xociety), Orange Comet (The Walking Dead: Lands) and Ambrus Studio (E4C: Final redemption). Team Liquid, the leading professional e-sports team, will use SUI for the relaunch of his fan loyalty program. In the Sui BaseCamp in April Sui, together with the gaming infrastructure developer Playtron Suiplay0x1, announced the first handheld gaming device with native blockchain functions that found great recognition.
The other remarkable ecosystem partnerships that SUI closed in the first year are those with Alibaba Cloud and Google Cloud, the focus of which was to improve security, scalability, developer tools and user experiences for a number of web 3.0 and AI-based applications. Byteplus, the web3 branch of Bytedance, has teamed up with the Sui ecosystem partner Mysten Labs to explore the collaboration with data warehousing, AI recommendation algorithms and visual AI algorithms in web3 game platforms and social fi projects on SUI.
The crowds that gathered for the Sui BaseCamp 2024 were the climax of Suis arrival, because over 1,000 projects, partners, investors and enthusiasts from 65 countries around the world came to Paris in April to celebrate Sui at the first global conference of the much -praised Layer 1.
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Source: Coinlist.me
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