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Sui Ecosystem Boom” usually refers to the significant growth and development of the Sui blockchain ecosystem over a period of time.

Sui is a permissionless Layer-1 public blockchain based on the Move programming language and employs a Delegated Proof of Stake (DPoS) mechanism. Its design aims to provide a high level of scalability, capable of supporting the development of large-scale applications at high speed and low cost to meet the needs of billions of Web3 users in the future. The native token of SUI, $SUI, has multiple uses on the network, such as paying network fees, node staking, providing native liquidity, and governance functions.

Recently, the development of the Sui ecosystem has been quite remarkable. Data shows that the Total Value Locked (TVL) in Sui has exceeded 1 billion dollars, growing several times since the end of last year, and the number of active accounts has also surpassed 10 million, indicating strong performance in user growth and transaction processing capacity.

Factors driving the explosion of the Sui ecosystem include:

- Support from large investment institutions: For example, support from Grayscale Trust provides strong assurance for its development.

- Development of key protocols: For instance, Cetus is a decentralized exchange (DEX) and centralized liquidity protocol based on the Move programming language, focused on Aptos and Sui; Navi Protocol is a native one-stop liquidity protocol on Sui; Scallop Lend is a money market protocol within the Sui ecosystem, etc. The development of these protocols has facilitated the prosperity of the Sui ecosystem.

However, Sui also faces some challenges in the future. Despite its significant market achievements and the gradual advancement of its ecosystem, it is still too early to call it a “Solana killer.” This is because the circulation of SUI is relatively low, and there are a large number of unlocked tokens, which may cause its price to fluctuate significantly due to market supply and demand dynamics.

Additionally, the emergence of PandaTool also contributes to the explosion of the Sui ecosystem. As a developer-oriented Web3 tool platform, it can help users on the Sui chain to efficiently engage with MEME and provide automated solutions for Token creation, further enhancing the toolset within the Sui ecosystem and accelerating the influx of projects and users.