Analysis of the Technical Advantages and Future Development Behind the Big Pump of SUI

Technical Advantages and Future Development of SUI

Recently, with the unlocking of the SUI token and the launch of the cross-chain bridge mainnet, as well as the surging popularity of meme tokens, SUI has led a new wave of increases, with its market value ranking among the top 20.

SUI is a permissionless, PoS-based Layer 1 blockchain developed by Mysten Labs, designed to provide instant settlement and high throughput. The project was founded by members of the original Facebook Libra/Diem team and has garnered capital attention and funding.

Market Performance

SUI performs brilliantly in 2024:

  • The market capitalization has grown rapidly, increasing by 120% quarter-on-quarter in the fourth quarter of 2023 and further growing by 176% in the first quarter of 2024.
  • The overall price is on an upward trend, reaching a historic high of $2.18 on March 27, 2024.
  • The current price is approximately $1.92, up over 100% in the past three months.

TVL突破10亿美元,市值闯进前20,Sui近期发生了什么?

SUI Ecosystem

The SUI ecosystem is rapidly expanding, mainly including:

DeFi project

  • DEX such as Cetus, DeepBook
  • Navi, Scallop, Suilend and other lending protocols

wallet

  • OKX Wallet, Sui Wallet, Suiet, etc.

Game

  • SuiPlay0x1, DARKTIMES, etc.

Meme Token

  • $Hippo, $BLUB, $FUD, etc.

TVL breaks 1 billion USD, market cap enters top 20, what happened with Sui recently?

Technical Advantages

The main technical advantages of SUI include:

  1. Object-oriented account model: Treat assets and smart contracts as independent objects to enhance flexibility and scalability.

  2. Native Randomness: Generating secure random numbers through a network of verification nodes, providing a foundation for various applications.

  3. Native Zero-Knowledge Proof: Supports verifying transaction legitimacy while protecting privacy.

  4. zkLogin: An innovative identity authentication mechanism that allows users to manage Sui addresses using Web2 credentials.

TVL突破10亿美元,市值闯进前20,Sui近期发生了什么?

Future Outlook

SUI has long-term development potential, but still faces some challenges:

Advantages:

  • Technological Innovation
  • Strong team background
  • High market attention

Challenge:

  • The market competition is fierce.
  • Lack of blockbuster applications
  • The community has doubts about transparency.

Overall, SUI has made significant breakthroughs in technology, but its future development still requires close attention to the progress of its ecosystem construction and a prudent assessment of market risks.

TVL突破10亿美元,市值闯进前20,Sui近期发生了什么?

SUI-7.18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Share
Comment
0/400
ChainMelonWatchervip
· 18h ago
Rise means bull!
View OriginalReply0
RugpullSurvivorvip
· 18h ago
Do you want to take a shot at sui??
View OriginalReply0
SmartContractPlumbervip
· 19h ago
Pay attention to details like code reviews and contract security; you'll learn a lot by encountering some pitfalls!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)