Note:đđđŁïž Sui latest news
Mysten Labs, led by co-founder and CEO Evan Cheng, is actively developing the Sui blockchain project, a highly scalable platform for smart contracts. Employing the Sui Move smart contracts language, derived from Move, originally designed for Facebook's Libra project, Sui and Aptos stand out as key projects utilizing this language. Noteworthy is Sui's parallel transaction execution capability, showcasing low latency and efficient CPU usage, handling up to 120,000 transactions per second in testing.Sui's DeFi ecosystem is flourishing, evidenced by a significant increase in total value locked (TVL) on its blockchain. DeFi Llama data reveals a remarkable surge from $211 million on January 1 to $505 million currently, making Sui the 9th largest blockchain by TVL. The leading DeFi protocol on Sui is Scallop, featuring advanced attributes like a trilinear interest rate model and zero-cost flash loans. Other prominent protocols include NAVI Protocol, Cetus, and Aftermath Finance.
SUI, Sui's native asset, has shown exceptional performance in the cryptocurrency market, gaining 88.6% since the beginning of the year and an impressive 204% in the last three months against the US dollar.
