According to Defi_Mochi, a respected voice in the crypto community, Sui (SUI) is poised to become the “greatest performing L1” (Layer 1 blockchain) in the upcoming bull cycle.
What Sets SUI Network Apart?
SUI Network stands out as a unique solution to the challenges of network congestion and lack of adoption plaguing many existing blockchains. Its innovative approach to scalability through parallel transaction execution sets it apart from the competition.
With the ability to handle an impressive 297,000 transactions per second (TPS) and achieve finality (the point at which a transaction is considered irreversible) within 400 milliseconds, SUI offers resilient scalability. Moreover, it consistently maintains low gas fees (transaction fees paid in SUI tokens) despite exponentially increasing transaction volumes.
This scalability paves the way for mass adoption and enables applications across various sectors, including gaming, social media, and virtual reality (VR), to execute at scale.
Partnerships and Adoption
While many Layer 1 blockchains are often criticized for being “VC vaporware” (overhyped projects without tangible products), SUI has already secured an impressive lineup of partners, which Defi_Mochi describes as “the greatest lineup of partners crypto has ever seen.”
In the realm of social media, SUI has partnered with BytePlus, a subsidiary of ByteDance, the parent company of the wildly popular TikTok platform. With over 1.5 billion monthly active users on TikTok alone, this partnership opens up vast opportunities for SUI to tap into a massive user base.
SUI Network has also forged partnerships with industry giants in the enterprise cloud sector, including Tencent Cloud and Alibaba Cloud, two of the largest cloud providers in Asia.
Gaming is another crucial area where SUI has made significant inroads. The network has collaborated with PLAYTRON, unveiling the first handheld device with native web3 gaming capabilities capable of running AAA games like Spider-Man, God of War, and The Last of Us without modification.
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Show more +Additionally, SUI Network has partnered with prominent names in the gaming industry, such as GREE (a Japanese gaming giant), Netmarble, and Team Liquid, further solidifying its position as a leading blockchain platform for gaming adoption in the crypto space.
On-Chain Statistics and Community
Growth Despite being relatively overlooked in the crypto community, SUI Network already boasts impressive on-chain statistics, including over $710 million in total value locked (TVL), 8 million active accounts, and 2.2 billion transactions.
The network’s user experience is described as “next to unparalleled,” with instant onboarding facilitated by zkLogin, a layer-2 protocol that enables users to log in to web3 applications without the need for private keys or seed phrases.
While the native crypto adoption and community growth within SUI’s ecosystem currently have room for improvement, Defi_Mochi believes this will change as price action improves. SUI Network is already making efforts to foster community engagement and seeing traction on prominent crypto platforms like CryptoTwitter (CT).
With its innovative scalability solution, formidable partnerships across gaming, social media, and enterprise cloud sectors, and a growing on-chain presence, SUI is positioning itself as a strong contender in the Layer 1 blockchain space. As the market continues to evolve, SUI Network’s potential to become the “greatest performing L1” in the upcoming bull cycle should not be overlooked.
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