Sui Chain has performed really well recently. As an emerging Layer 1 public chain, it has an innovative architecture and efficient processing capabilities.
Sui Chain uses a new combination of Narwhal and Tusk protocols, which gives it a clear advantage in handling concurrent transactions and can provide higher transaction speeds and scalability. In addition, Sui has also gradually expanded in terms of ecological construction, attracting more and more developers and projects to join.
As more decentralized applications (DApps) are built and the ecosystem expands, the potential of Sui Chain is gradually revealed, especially in the fields of DeFi, NFT and games, it may become one of the popular platforms in the future.
Combining its technological innovation and market demand, Sui Chain has the opportunity to gain a place in the future blockchain competition.
SuiChain is a high-performance Layer 1 blockchain developed by Mysten Labs, whose core team members come from Meta (formerly Facebook)'s Diem blockchain project. SuiChain aims to improve throughput and reduce transaction fees by optimizing the parallel processing capabilities of on-chain transactions, and is suitable for a variety of blockchain use cases such as decentralized applications (DApps), DeFi, NFT, etc.
The core features of Suichain:
1. High-performance parallel processing:
Sui increases network throughput through parallel execution, avoiding the bottleneck of transaction confirmation on traditional blockchains. This means more transactions can be processed simultaneously, reducing latency and improving efficiency.
2. Unique programming model:
Sui uses a programming language called Move, a smart contract language that prioritizes security and controllability. Move was originally developed by Facebook's Diem project, and the Sui team continues to innovate on this basis, improving the flexibility of on-chain contract execution.
3. Scalability:
Sui is designed to support massive on-chain transactions, such as financial products, games, NFT markets, etc. Its sharding mechanism and dynamic resource management technology enable the network to cope with the needs of large-scale users and applications in the future.
4. Low transaction costs:
Due to Sui's efficient parallel processing technology, its transaction fees are relatively low, and users do not need to pay excessive fees when transferring money or operating smart contracts, which provides a better user experience for users of DeFi and other on-chain services.
5. Decentralization:
Sui is a decentralized network whose consensus mechanism ensures network security and is distributed globally to prevent attacks or failures of a single node from having a serious impact on the entire system.
6. Applicable scenarios:
SuiChain is suitable for building various decentralized applications (DApps), especially in scenarios that require high throughput and low latency, such as:
GameFi: Provide fast in-game asset transactions and interactive experiences. DeFi platform: Support complex financial contract execution while ensuring low fees. NFT market: Improve the creation and transaction efficiency of NFTs and reduce the cost of minting.
According to Cointelegraph, nearly 27% of SOL’s capital outflows flowed into SUI last month. According to Artemis data, Sui’s net inflow of public chain funds in the past three months was $284 million, ranking second only to Solana’s $1.07 billion. However, from the perspective of the inflow of funds, Ethereum is still the largest source of Sui’s funds. Data from the past month show that Ethereum accounts for 87% of Sui’s capital inflows.
SuiChain may become an important infrastructure in the Web3 field in the future, attracting more developers and projects to join its ecosystem.
Sui is a very special public chain, a public chain with a very clear goal, which is different from many public chains.
Sui’s first year will focus on developing DeFi; Sui’s future will be about cooperating with major Web2 institutions; Sui’s focus will be on developing games; Sui’s goal is to be the most compliant public chain.
Sui is a public chain with its own very clear development direction.
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