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📅 July 3, 7:00 – July 9,
SUI ecosystem TVL breaks 1 billion USD, price hits a new high and market capitalization rises to the top 20.
The SUI ecosystem is developing rapidly, with TVL exceeding $1 billion.
This week, the SUI token unlock and cross-chain bridge launched on the mainnet, coupled with the boost from popular meme tokens, pushed SUI's market value into the top 20.
Overview
SUI is a permissionless PoS Layer 1 blockchain developed by Mysten Labs, founded by former Facebook Libra/Diem team members. It aims to provide instant settlement and high throughput, supporting a variety of decentralized applications.
Market Performance
SUI performs brilliantly in 2024:
Sui ecological project
The Sui ecosystem is rapidly developing, attracting many developers and enterprises to participate.
DeFi project
5 major protocols with TVL over 100 million USD:
Wallet Solutions
Game Project
Meme Token
Team Members
Mysten Labs was founded by former executives of Meta( Facebook) and the chief architect of the Diem blockchain.
Token Economics
Key Events in 2024
SUI technical advantages
Prospects and Challenges
Advantages:
Challenge:
SUI, with its innovative technology and strong team, has the potential for long-term development. However, investors still need to closely monitor its ecological development progress and assess market risks.