After reviewing this year's public chain projects, few people made money on L2. The price fell along with Ethereum, but L1 remained strong. Perhaps the most praised before was SOL, which rose from the bottom of $10 to more than $100, but now, the rise of SUI has attracted the market's attention.

SUI was launched during the bear market, so the price fell from $1 to $0.36. In the March bull market, it reached a high of $2.18, with a maximum increase of nearly 600%. In the most recent callback, it rose from $0.46 to the current $1.5, with a maximum increase of 320%. If a coin has multiple pulls and the strength is strong, it is worth our attention.

SUI's TVL recently entered the $1 billion club. The only non-EVM public chain competitors are TRON and SOLANA, and TRON is not taken into account (those who understand will understand). It seems that Solana is SUI's next target. Solana's TVL is currently $5 billion.

As Solana's strongest competitor, SUI has been very powerful in ecological construction this year. It should be noted that SUI has only been developed for less than two years. Players who have experienced DeFi Summer know that SUI is not only worth paying attention to in terms of price, but more importantly, the basic protocol on the chain that has not yet issued coins. Including Suilend (lending), Rootlets (NFT), etc., it can be said that there are many treasures worth digging.

Another major event is the issuance of USDC's native stablecoin in Sui. In terms of compliant funds, USDC is the strongest stablecoin. Therefore, the recognition of USDC means that the compliant deposit channel has been opened. In addition, Grayscale launched Sui Trust, which has given Sui the wings of imagination to challenge Solana.

In terms of technology, Sui released the Walrus Protocol storage protocol, and also made technical reserves in advance for the next TVL and application growth. In fact, the development over the past year has verified SUI's status as the big brother of the Move programming language. Whether it is technology, ecological development or marketing, it has made full preparations for the next challenge to SOL.

Finally, when the EVM public chain is generally under pressure, we can divert some attention to other types of public chains, and SUI is worthy of our attention.