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https://www.gate.com/announcements/article/45974
SUI market capitalization has entered the top 20, TVL has surpassed 1 billion USD, and the ecosystem is rapidly expanding.
Recent developments of SUI: TVL exceeds 1 billion USD, market capitalization ranks in the top 20
SUI, as an emerging public chain project, has recently performed remarkably. With the unlocking of tokens and the launch of the cross-chain bridge mainnet, along with the boost from the meme craze, SUI's market capitalization has quickly risen into the top 20.
Overview
Sui is a permissionless, PoS-based Layer 1 blockchain developed by Mysten Labs, founded by former members of the original Facebook Libra/Diem team. The project aims to provide instant settlement and high throughput, supporting various decentralized applications.
Market Performance
Since the beginning of 2024, SUI has performed strongly:
Sui Ecosystem
The SUI ecosystem is rapidly expanding, covering multiple fields:
DeFi project
wallet
game
Meme Token
Key Events
2024 SUI Development Trends:
Technical Advantages
SUI has the following technical features:
Prospects and Challenges
advantage
Challenge
Summary
SUI, backed by innovative technology and a strong team, demonstrates long-term development potential. However, in the face of fierce market competition and challenges such as ecosystem development, SUI still needs to continue working on application implementation and transparency. Investors should closely monitor its ecosystem development progress and carefully assess risks.