Sui aims to bring the benefits of Web3 with the ease of Web2. It offers scalable infrastructure characterized by high speed, low fees, and predictable costs, claiming to achieve over 297,000 transactions per second with an average finality time of around 400ms.
Sui emphasizes delivering a familiar user experience and is designed to accommodate future scalability needs. Its ecosystem supports various use cases, including gaming, finance, and commerce.
Sui uses developer tools that are well-known to most blockchain developers. These tools include the Move programming language, which is intended to simplify secure smart contract development. In addition, the Sui project focuses on blockchain gaming solutions, empowering players to own assets and creators to manage royalties.
Why Sui?
Sui has been one of the strongest performers in the cryptocurrency market as of late, as the price of SUI is up a whopping 123% in the last 30 days.
According to DeFi Llama, SUI is now ranked seventh among all blockchain platforms in terms of the TVL (total value locked) on its decentralized finance protocols. Suiâs TVL at the time of writing is $1.07 billion after a 68.2% increase in the last month. Currently, the largest DeFi protocol on Sui is NAVI Protocol, which enables liquidity by providing decentralized lending and borrowing features.
Another positive development happened in September, when crypto asset manager Grayscale launched a SUI investment product available to accredited investors. The Grayscale Sui Trust allows investors to get exposure to SUI as an investment while eliminating the need to worry about the safe storage of crypto assets.
Aave
Aave is a decentralized liquidity protocol that implements a system of smart contracts that allow users to borrow crypto assets or earn interest on their holdings in a decentralized manner. Aave is essentially a set of smart contracts deployed on a blockchain, but most users will interact with the protocol through an interface such as app.aave.com.
Usually, the assets that pay the highest yield are stablecoins such as USDT. The yields offered by the Aave protocol depend on market demandâif there is a lot of demand for borrowing a specific crypto asset, the APY offered to suppliers of that asset will grow.
In addition, Aave offers a staking option for holders of the platformâs AAVE governance token. This is a good way for AAVE holders to earn yield while contributing to the security of the Aave protocol.
Why Aave?
Crypto asset manager Grayscale has launched a new fund, the Grayscale Aave Trust, which provides investors with exposure to Aaveâs decentralized lending platform. This will give sophisticated investors a new way to gain exposure to AAVE, the governance and utility token of the Aave protocol. Hereâs what Grayscaleâs head of product and research, Rayhaneh Sharif-Askary, had to say about the launch:
âGrayscale Aave Trust gives investors exposure to a protocol with the potential to revolutionize traditional finance.â
Aave recently also partnered with Sky (formerly known as Maker), another leading DeFi protocol. Thanks to collaboration, which has been dubbed Sky Aave Force, holders of the Sky protocolâs USDS stablecoin will be able to lend it on the Aave protocol and receive USDS Savings Rate rewards in addition to the regular interest rates they get from the Aave protocol.
Here, itâs also worth mentioning that the Aave protocolâs GHO stablecoin has been gaining steam recently, with the supply of GHO growing from under 90 million to almost 160 million in the last three months.
Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. Solana achieves this by utilizing a unique Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. SOL is among the cheapest cryptos to transfer on the market, as users pay less than $0.001 per transaction on average.
Solana was founded in 2018 by Anatoly Yakovenko. The platformâs mainnet launched in March 2020 and saw a huge boost in adoption in 2021. While SOL has lost a lot of its value in the 2022 bear market, Solana still has one of the most impressive ecosystems in the cryptocurrency sector and is potentially still one of the next cryptos to explode.
Why Solana?
It has been a very exciting week for Solana thanks primarily to the Breakpoint conference, which took place in Singapore from September 20 to September 21. At the conference, we saw several major announcements that show the Solana ecosystem continues to thrive and will be worth following closely in the weeks and months to come.
Arguably the most notable news from the event is that a prototype of the Firedancer Solana client has launched on the mainnet. Dubbed âFrankendancerâ, the prototype is setting the stage for a mainnet rollout of Firedancer, which is poised to significantly improve the already impressive scalability of the Solana blockchain.
