Speaking of #SUI , I believe everyone should have heard about it, and many people must be paying attention to it. Regarding the recent situation, $SUI has created ATH again. At this stage, it is undoubtedly the most eye-catching one. Stars, let’s take you through a little knowledge of SUI and popularize it!

1️⃣ Introduction to SUI, what is SUI blockchain?

SUI (Sui Network) is the first permissionless Layer 1 blockchain. It is designed from the ground up to allow creators and developers to build an experience that can satisfy 1 billion Web3 users. It is a decentralized The blockchain network provides fast, secure, scalable and easy-to-use blockchain infrastructure.

The SUI ecosystem includes a series of tools, applications and protocols that enable developers and enterprises to build various decentralized applications (DApps) on the SUI network.

The core concept of the SUI ecosystem is cross-chain compatibility, allowing seamless value transfer and interoperability between different blockchain networks.

2️⃣ SUI’s token economics.

The total supply of SUI tokens is 10 billion, which will be allocated to the founding team, investors, public sale, Sui Foundation, and future releases.

Sui's tokens have four functions: staking/security, transaction fees, governance, and accounting unit/medium of exchange.

​​​​​​​Most blockchains will face large fluctuations in Gas costs due to changes in network requirements. To keep gas fees low and predictable, the Sui protocol provides validators with a number of incentives to keep transaction fees close to the reference price throughout the period. By providing a more stable gas price, transactions submitted to Sui are processed at a more predictable rate, which undoubtedly creates a better user experience.


In addition, Sui also solves the problem of state inflation. You can view the overview of Sui’s token economics through the picture.

3️⃣  Compared to Solana, what are the advantages of Sui?

● The underlying design is safer

The Move smart contract supported by Sui requires byte verification before execution. The Move language has built-in bytecode verifiers to check resource, type and memory safety. This can check for many common errors before executing the contract and prevent the contract from being attacked by malicious code.

                                                                                                                     Native resource security

Sui's object-centric data model allows developers to use the four keywords copy, drop, store, and key to set permissions and program resources. However, Solana has no native resource security, and resource security is implemented by each contract.

                                                              Pay more attention to user safety

Sui provides transaction pre-execution services. Wallet service providers can inform users of the contract execution results and contract permissions after pre-executing the contract, helping them clearly understand the possible consequences of the transaction before signing the transaction when interacting with dApps, greatly reducing fraud. risk.

In addition, there are three main head projects on Sui: Currently, the head projects on Sui include the one-stop DeFi project Cetus, the lending project NAVI Protocol and ScallopLend. These three swordsmen account for 50% of the TVL of the Sui ecosystem.


4️⃣  Gamefi

As the gaming landscape continues to evolve, innovation is key to grabbing players' attention and keeping them engaged. Looking ahead to the rest of the year, five upcoming games on the Sui platform will showcase what's possible with Web3 gaming. By leveraging powerful blockchain technology and immersive narratives, these games promise to set new standards for player expectations.

● Cosmocadia: A casual farming game.

● The Walking Dead Lands: Third-person shooter.

● BRICK POP: Casual arcade, clearing category.

● E4C: Final Salvation: For multiplayer online battle competition.

● Pebble City: It is a vibrant social experience built on a multi-bet system.


5️⃣ Will SUI surpass APT in this bull market?

Sui will start to make efforts in 2024, focusing on ecological development as one of its strategies. In addition, it shows the trust and participation of the majority of users in the project, indicating the rapid growth of its ecosystem and the continued increase of users. In addition, Sui ranks among the top three in the TVL ranking of non-EVM chains, and together with other protocols such as Cetus, NAVI Protocol and Scallop Lend, jointly promote the development of the Move ecosystem.


SUI price performance


APTOS Price Performance

Summarize:

The dominant theme of the last round was the war between alternative Layer 1 projects. This time we will see a similar scenario play out, but this time we will see a war between Layer 1 ecosystems, and instead a war between sub-Layer 1 projects and monolithic chains that will compete to become the “ The first choice for mainstream dApps.

2024/ SUI & APT Let’s meet at the top!