Friends, have you been flooded with the name Sui recently? In the world of cryptocurrency, which is full of infinite possibilities, hype is always around, but what is really important is that we must learn to clear the fog and explore the real money behind the hype. Today, I want to tell you that Sui's hype is not just groundless!
Imagine a high-performance blockchain designed for speed and scalability. It is like a supercar tailor-made for Web3 applications, allowing developers and users to enjoy flying transaction speeds and almost negligible costs. Yes, I am talking about Sui!
Let's take a look at its report card: According to the authoritative data of CoinMarketCap, Sui's market value has reached an astonishing $9.55 billion, firmly sitting in the 14th position. And the daily trading volume is as high as $2.02 billion, the market activity is simply off the charts!
Let’s talk about the token supply. Sui has issued a total of 10 billion tokens, but only 28.5% are currently in circulation, and more than half of them are locked after 2030. What does this mean? The chips are highly concentrated.
Of course, we cannot ignore the upcoming token unlocking. On December 3, 2024, 81.91 million SUI tokens will be released into the market.
In addition to these hard strengths, Sui's community development and social influence cannot be ignored. Take a look at its Twitter account (@SuiNetwork), which has recently attracted 828,268 loyal followers, and added 64,066 new friends last month! The number of community mentions has also soared from an average of 3,000 per day in July to more than 20,000 now. It is so popular!
Moreover, Sui has successfully maintained healthy emotional growth. Although the emotional index was slightly lower in the summer, it is now firmly above 85, which is a very positive sign!
Finally, let's take a look at the developer ecosystem and innovation. After all, developers and development activities are the key indicators for measuring the future of a project. Sui also performs well in this regard, with 1,100 active developers contributing their wisdom and strength to it every month, a full 62% increase over last year!
So Sui's popularity is not accidental. It has a solid foundation and strong potential, which deserves our in-depth understanding and attention. Let us look forward to its performance in the future! Explore Sui's brilliant achievements and unlimited future with enthusiasm!
In the Sui family, we have a full-time development team of 202 elites, who work side by side with many talented developers to build a diversified and vibrant development foundation. This is not only a gathering of talents, but also a collision of creativity and wisdom!
When we walk into Sui's GitHub world, the 3,651 shining repositories and 4.74 million submission records seem to tell a story about innovation and vitality. The development community here is extremely active, and they are committed to promoting the prosperity of the ecosystem, stimulating infinite sparks of innovation, and making Sui shine in the digital world.
However, development is only the starting point, and the real test lies in the application and acceptance in the real world. Let's turn our attention to Sui's performance in the real world! The number of daily active addresses continues to rise, like an unstoppable trend. The number of newly added active addresses in the past two months has exceeded the 2 million mark. This is not only an increase in the number of users, but also a testimony to the growing prosperity of the ecosystem on the Sui chain.
In terms of trading volume, Sui has also shown an amazing growth momentum. From about 50m trading volume in the summer to the brilliant achievement of nearly 500m today, this is not only a jump in numbers, but also a reflection of market confidence. The rise in fees is also eye-catching. Sui's daily fees have reached about 40,000 US dollars, which is undoubtedly the best proof of its value.
In addition, Sui is constantly expanding its use case boundaries, from game cooperation with Team Liquid to cooperation with NFT partners such as Oracle Red Bull Racing. Both retail and institutional users are attracted by Sui's unique charm and have joined this vibrant ecosystem.
Looking ahead, Sui has a bright future. Unlike many other projects, Sui has a thorough token economics concept, which lays a solid foundation for its long-term development. We can see strong growth in social media, which is the main driving force behind the continuous rise in the price of Sui project.
Sui not only has a solid developer base, but also promotes the prosperity and development of the on-chain ecosystem through continuous innovation. Data shows that Sui's user acceptance, growth rate and revenue are all showing a healthy upward trend. Based on these facts, we can firmly believe that Sui has a solid foundation for further growth, and it is full of infinite possibilities both at the project level and at the price level.
For Sui holders, the mid-term target of $4-5 seems to be a reasonable and promising number. Let us work together to witness Sui's brilliant achievements in the future!
