SUI Token in Crisis: Sui Ecosystem Struggles with 25% TVL Drop
TL;DR The Sui ecosystem, a Layer 1 blockchain for DeFi applications, is facing a crisis with a 25% drop in its Total Value Locked (TVL), which fell from
Sui News (Latest Publications)
Sui blockchain is a layer 1, Proof-of-Stake (PoS) blockchain platform that is designed to provide high throughput, low-latency transactions, and instant transaction finality. The platform is built with the Move programming language, which was initially developed by Facebook for its Diem blockchain . Sui aims to create a decentralized, permissionless blockchain network that can support a wide range of use cases, from decentralized finance (DeFi) to non-fungible tokens (NFTs). The project is developed by Mysten Labs, a blockchain development firm co-founded by former Facebook developer Libra and JP Morgan alumni . The native token of the Sui blockchain is called SUI.
SUI Launches Revolutionary Blockchain Gaming Handheld: SuiPlay0x1
TL;DR Mysten Labs and Playtron present SuiPlay0x1, a device that merges blockchain and traditional PC games. It will be equipped with the Playtron OS operating system
Sui Integrates FDUSD Stablecoin, Bolstering DeFi Ecosystem and Market Position
TL;DR FDUSD Expansion: First Digital Trust’s FDUSD stablecoin is now integrated with the Sui blockchain, enhancing the DeFi ecosystem and reinforcing its position as a leading
SUI and DWallet Join Forces to Bring Native Interoperability Through BTC and ETH swaps
TL;DR dWallet Network partners with Mysten Labs to introduce native multi-chain DeFi to the Sui ecosystem, including native support for BTC and ETH. The collaboration leverages
Sui Blockchain’s First Native Liquidity Layer DeepBook Launches New Token with NFT Airdrop
TL;DR DeepBook Launch: Sui blockchain’s first native liquidity layer, DeepBook, has launched its native token, DEEP, aimed at institutional and professional traders to enhance DeFi liquidity.
Sui Network Shatters Blockchain Limits: Achieves 8x Throughput Increase with Pilotfish Extension
TL;DR Mysten Labs and Sui introduce the Pilotfish prototype, a milestone in blockchain scalability. Pilotfish increases the speed of smart contract execution in proportion to the
Sui’s Meteoric Rise: $593M Locked In, Outpacing Aptos, Cardano, and Near
TL;DR Sui has experienced a rapid ascent in the DeFi space, surpassing competitors like Aptos, Cardano, and Near in terms of total value locked (TVL), with
Sui Integrates with Stardust: Here is why this may be a revolution for Web3 Gaming
TL;DR Stardust and Sui team up to simplify Web3 game development. Full integration: Developers can launch games directly on the Sui blockchain. Improved user experience: less
Ondo Finance Launches USDY as Sui Blockchain’s First Dollar-Denominated Token
TL;DR Ondo Finance launches USDY on the Sui blockchain, being the first dollar token on this network. The partnership between Ondo Finance, Axelar and Mysten Labs
The Sui TVL Increases Meteorically: Temporarily Top 10, Surpassing Bitcoin and Cardano
TL;DR Unstoppable Token Growth: Sui has seen a 350% increase in its native token, reaching $1.46 in just three months, standing out in the market. Brief
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