KEYTAKEAWAYS
-
Sui to Host Hacker House Demo Day in Shenzhen
-
Sui Maintains 9th Position in Public Chain TVL Rankings
-
Five Core Infrastructure Projects Empowering Sui's Ecosystem Development
-
＄Sui Up 74% Overall in One Year
- KEY TAKEAWAYS
- SHENZHEN TO HOST THE SUI HACKER HOUSE DEMO DAY
- SUI MAINTAINS 9TH POSITION IN PUBLIC CHAIN TVL RANKINGS
- FIVE CORE INFRASTRUCTURE PROJECTS EMPOWERING SUI’S ECOSYSTEM DEVELOPMENT
- SUI ECOSYSTEM PROJECTS EXPAND ACROSS MULTIPLE SECTORS
- ＄SUI UP 74% OVERALL IN ONE YEAR
- DISCLAIMER
- WRITER’S INTRO
CONTENT
SHENZHEN TO HOST THE SUI HACKER HOUSE DEMO DAY
On February 23, 2024, Shenzhen will welcome a major blockchain event—Sui Hacker House Demo Day. This event is not only a showcase platform for the Sui ecosystem but also a gathering place for global developers, blockchain enthusiasts, and industry leaders. Through showcasing outstanding developer projects from across the country, Sui Hacker House Demo Day will deliver a blockchain technology feast for participants. The event covers multiple fields, including DeFi, AI, and NFT, demonstrating the diversity and innovation of the Sui ecosystem.
This Demo Day serves not only as a platform for technical demonstrations but also as a bridge for industry exchange. Three heavyweight guests—Sui Technical Ambassador UVD, Navi Full-stack Engineer xiaodi, and Sui Foundation Senior Engineer Antonio—will provide on-site project reviews and share industry insights. Whether blockchain technology enthusiasts or explorers curious about emerging technologies, the conference will bring them an exciting technology feast.
SUI MAINTAINS 9TH POSITION IN PUBLIC CHAIN TVL RANKINGS
Sui, a high-performance Layer 1 blockchain built by the Mysten Labs team, has quickly emerged as a bright new star in the blockchain space since its mainnet launch in 2023. Through its innovative object model and Move programming language, Sui has established itself as a technical leader in a short time. As of February 16, 2025, Sui’s market cap has exceeded $9.5 billion, with Total Value Locked (TVL) surpassing $1.42 billion, becoming one of the top ten in the decentralized finance (DeFi) sector.
Source: DefiLlama
Sui’s success is reflected not only in its market cap and TVL growth but also in its network performance and rapid ecosystem development. The Sui network has over 500 active nodes distributed globally, ensuring network decentralization and high availability. Since its launch, the Sui network has not experienced a single minute of downtime or performance degradation, with transaction finality of just 400 milliseconds, peak transaction processing speed of 297,000 transactions per second, and daily transaction volume reaching 65.8 million.
FIVE CORE INFRASTRUCTURE PROJECTS EMPOWERING SUI’S ECOSYSTEM DEVELOPMENT
Sui ecosystem’s rapid development is supported by its five core infrastructure projects. These projects not only enhance Sui network’s performance and user experience but also inject strong momentum into the entire ecosystem’s growth.
- DeepBook Protocol: As the fundamental trading protocol in Sui’s ecosystem, DeepBook Protocol provides efficient and decentralized trading services. Its high-performance on-chain matching mechanism and support for complex financial transaction types provide strong backing for Sui ecosystem’s liquidity.
- Cetus Protocol: Cetus Protocol is the liquidity engine in Sui’s ecosystem, focusing on cross-chain liquidity and efficient AMM mechanisms. Its LP mining and yield distribution mechanisms have attracted numerous liquidity providers, enhancing Sui ecosystem’s activity and user stickiness.
- Name Service (NS): NS is a decentralized domain name service system in Sui’s ecosystem, providing on-chain identity solutions. Its simplified user experience and enhanced security make NS an indispensable part of the Sui ecosystem.
- NAVI Protocol: NAVI Protocol is a one-stop liquidity protocol in Sui’s ecosystem, offering lending services and liquidity staking. Its innovative product line and strong competitiveness inject powerful momentum into Sui’s DeFi ecosystem.
- Oceans Gallerie: Oceans Gallerie is an AI social aggregation platform in Sui’s ecosystem, focused on bringing Web2 users into Web3. Its OceanLaunch IDO platform and QuestWave task platform provide strong support for project financing and task economy in the Sui ecosystem.
SUI ECOSYSTEM PROJECTS EXPAND ACROSS MULTIPLE SECTORS
Sui’s ecosystem spans multiple sectors, including DeFi, NFT, GameFi, and SocialFi. Here are some representative projects in the Sui ecosystem:
- DeFi: Protocols like Cetus, Scallop, and Suilend provide decentralized financial services, breaking down traditional financial barriers and improving the transparency and efficiency of financial activities.
- NFT: Projects like Fuddies and DeSuiLabs use blockchain technology to uniquely identify digital assets such as artwork, collectibles, and game items, giving them distinct value.
- GameFi: Game projects like Panzerdogs and Bushi leverage blockchain technology to provide players with unique gaming experiences and economic systems.
- SocialFi: Social aggregation platforms like Oceans Gallerie use AI technology to bring Web2 users into Web3, driving the expansion of the Sui ecosystem.
＄SUI UP 74% OVERALL IN ONE YEAR
According to CoinMarketCap data, on February 16, ＄Sui was priced at $3.08. The SUI token is the native asset of the Sui platform, with a total supply of 10 billion tokens. Its tokenomics model includes the following core components:
- Proof of Stake (PoS): Used to select, incentivize, and reward the behaviors of Sui platform operators.
- Gas Fees: All network operations incur gas fees, which reward PoS participants and prevent spam and denial-of-service attacks.
- Storage Fund: Used to transfer stake rewards across time and compensate future validators for the storage costs of previously stored on-chain data.
- On-chain Voting: Used for governance and protocol upgrades.
- SUI Token: As the native asset of the Sui platform, SUI tokens play crucial roles in network staking, transaction fees, storage fees, and governance voting.
Source:CoinMarketCap
Sui’s tokenomics model uses game theory to ensure gas fees remain relatively constant throughout the blockchain’s lifecycle, providing a solid foundation for Sui ecosystem’s sustainable development.
The Sui ecosystem continues to maintain rapid development momentum driven by both technological innovation and market demand. Through its five core infrastructure projects and diverse ecosystem applications, Sui not only demonstrates its potential to become the next-generation top public chain but also brings more innovative and efficient decentralized solutions to global users and developers.
With the upcoming Sui Hacker House Demo Day, the Sui ecosystem will further expand, attracting more developers and users. In the future, Sui will continue to play an important role in the blockchain space, delivering more innovative and efficient decentralized solutions to global users and developers. Let’s look forward to the Sui ecosystem achieving new heights in the future.
