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.
TL;DR Sui Ecosystem’s TVL Surges: The Sui ecosystem’s Total Value Locked (TVL) has surpassed $900 million, making it the 8th largest blockchain by TVL. Token Value
TL;DR Explosive Gains: Sui has surged by 115% against Solana since August, significantly outperforming Solana’s 6% gain against Ethereum. Technical Superiority: Sui boasts a theoretical maximum
TL;DR New TVL Record : NAVI Protocol Hits an All-Time High of $255M in TVL Following the Launch of its Pro Version. SUI Open Interest Rises
TL;DR SuiNS announces its transition to a decentralized model, allowing the community to govern the protocol through the $NS token, which will be launched later this
TL;DR Mysticeti Unveiled: Lightning-Fast Consensus: Sui Network has introduced Mysticeti, a major upgrade aimed at revolutionizing consensus performance. Mysticeti achieves an impressive 80% reduction in consensus
TL;DR Copper expands its services with custody and staking solutions for SUI, aiming to strengthen access and security for institutional and enterprise investors. Founded in 2018,
TL;DR Revolutionary zkLogin: Sui has enhanced its zkLogin system with multi-signature recovery, allowing users to recover accounts seamlessly, even if the credential issuer or application is
TL;DR The Sui Foundation addresses community concerns about token distribution, aiming for transparency and trust. It’s clarified that Mysten Labs’ founders don’t control key aspects like
TL;DR Sui and Google Cloud collaborate to drive innovation in Web3. The focus is on improving security, scalability and development tools. Initiatives such as data for
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
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