Sui Ecosystem
Sui is a cutting-edge blockchain platform designed for high-performance decentralized applications. Known for its impressive speed and scalability, Sui aims to revolutionize how dApps are built and operated. The platform utilizes a unique consensus mechanism that ensures swift transaction processing while maintaining security and decentralization. Sui's architecture supports seamless upgrades and interoperability with other blockchains. On this page, you'll find a table listing projects in the Sui ecosystem, complete with project names, descriptions, and interest levels as determined by the CryptoTotem algorithm. Learn more ↓
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| Projects | Description | Interest lvl | ||
|---|---|---|---|---|
Sui is the first permissionless Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that cater to the next bil ... | ||||
Bluefin is a decentralized, orderbook-based exchange. | ||||
HAEDAL is the ultimate place for users to stake and earn on Sui, building the prime liquid staking protocol powered by Hae3 products that extract revenue from S ... | ||||
Lucky Kat Studios is an award-winning gaming studio with over 250 million downloads and 1.5 million+ active wallets, leading the charge in bridging Web2 and Web ... | ||||
E4C: Final Salvation is a mobile MOBA game developed by Ambrus Studio. It aims to be the first in the Web3 gaming field to incorporate eSports into its gameplay ... | ||||
NAVI is the first Native One-Stop Liquidity Protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem. | ||||
SuiPad is a community-centric premier launchpad for innovative blockchain startups on Sui network. The main mission is to introduce only projects of the highest ... | ||||
BlueMove is the leading NFT Marketplace on Aptos Blockchain. Home to the next generation of digital creators. Discover the best and latest Aptos NFT collections ... | ||||
Sentient AI (SETAI) is an AI Agent capable of humanlike thinking and feeling; A chatbot and personal assistant - generating creative life solutions outstanding ... | ||||
SUI Agents bridges the cutting-edge capabilities of Generative AI with the decentralization of Web3. Our platform empowers creators, brands, and communities to ... | ||||
ChopSui is a decentralized finance (DeFi) protocol that offers liquidity provision, yield farming, leveraged yield farming, token swaps, and advanced risk manag ... | ||||
FlowX Finance distinguishes itself by focusing on optimizing the DeFi user experience through a range of advanced features. Our platform offers a multitude of t ... | ||||
Ballast is a DeFi infrastructure initiative built on Sui, an upcoming and scalable L1 solution. The on-chain DeFi suite by Ballast provides a CEX-competitive ex ... | ||||
The first launchpad combines with the DeFi functions on Sui network & Multi-chains that bring creative ideas to life. | ||||
Turbos is the first decentralized perpetual contract and zero-slippage exchange building on Sui, providing users with a safe and efficient trading platform with ... | ||||
Dragon SUI is the first NFT marketplace for SUI blockchain. | ||||
Trellis is an open-source multi-chain automated market maker (AMM) protocol for token swaps on Aptos and Sui networks. Trade anonymously. No registration. No si ... | ||||
Momentum is a next-generation decentralized exchange (DEX) built on the Move ecosystem, offering a capital-efficient concentrated liquidity model that empowers ... | ||||
Sui DePIN is a data platform leveraging AI and blockchain for secure sharing and monetization. | ||||
DeepBook is a liquidity layer providing the infrastructure for financial projects building on Sui. | ||||
Owlit – our comprehensive DEX platform deployed on the Sui Ecosystem with a focus on enhancing user experience and trading success rate. | ||||
Releap Protocol is a decentralized, open-for-all social graph that allows users to wholly own and harness their audience and content. Releap Protocol ... | ||||
YouSui is an All-In-One platform that runs on the Sui Blockchain and includes DEX, Launchpad, NFT Marketplace and Bridge. | ||||
Siphon Lab is on a mission to build the Siphon Universe on the Sui network. Siphon Universe includes the Siphon ecosystem, which consists of Tradeify (A derivat ... | ||||
Utility-first NFT Marketplace & Launchpad on SUI network. | ||||
zkDogs Club is an exciting extension of the Move Dogs Club ecosystem, leveraging the zkSync Era blockchain technology. As a multichain collection, zkDogs Club o ... | ||||
Poprare is a Sui NFT marketplace and will gradually develop into a multi-chain marketplace. | ||||
Abel Finance is the First Cross-Chain Lending Platform Built on Aptos Network and SUI Network. | ||||
What is SUI network
More recently, the market was covered by some “Ethereum killers” and others, now there is a Solana killer. This is what the society called SUI blockchain. This explains the very wide publicity of this project in the crypto space.
SUI is a blockchain developed in 2021 under the leadership of Mysten Labs. By the way, a group of the company’s employees were previously employees of Meta’s Novi Research division, that was responsible of developing the Diem ecosystem and the Move language. At its core, SUI is aimed to optimize the performance of smart-contracts and improve the scalability of decentralized applications.
SUI is designed to serve high-performance latency-sensitive DApps. The project makes it possible to deploy smart contracts based on DPoS (Delegated Proof-Of-Stake) consensus.
Investors & partners
In a short time SUI has attracted quite a lot of attention and gained credibility by gaining support from major investors, including:
- a16z (Andreessen Horowitz)
- Binance Labs
- Lightspeed Venture Partners
- Jump Crypto
- Hack VC
- Samsung NEXT
- Ryze Labs
- Coinbase Ventures
- Slow Ventures
- Electric Capital and many others
SUI’s partners include:
- Cetus
- Bluefin
- Aftermath
- Alibaba Cloud
- Hyperspace
- Netmarble
On top of all that, SUI hosts many ecosystems, among them:
Suiswap, MovEx, Cetus Protocol, Blue Move, ComingChat, Kxfinance and more.
Key mechanics of SUI blockchain
The SUI platform uses the DPoS mechanism and is based on a modified Move and is able to work with Move of other systems. As such, SUI is suitable for a variety of Web3 projects, from retail payments to gaming. And perhaps the most interesting point is that this blockchain is able to bypass consensus for simple transactions, running it only as needed for more complex transactions in the system.
The thing about SUI is that it divides transactions into simple and complex transactions. Simple transactions, such as token transfers, can bypass consensus protocols, providing near-instantaneous processing. At the same time, complex transactions use a directed acyclic graph (DAG) based mempool for ordering, increasing scalability.
And this ensures high performance and low latency = network congestion is unlikely.
According to the docs, SUI has a very simple API. Transactions from validators arrive at the same time, and consensus provides a consistent transaction flow.
SUI uses horizontal scaling to develop a wide range of applications that run at incredible speed with low transaction costs.
As we can see, this system is designed to provide maximum scalability and unprecedented low latency for everyday use. The blockchain is capable of processing transactions in parallel, which optimizes the use of computing power and significantly increases throughput.
Advantages of SUI
- Unrivaled scalability. Horizontal scaling allows you to meet the requirements of any DApps.
- Parallel transaction execution
- Network throughput grows in proportion to the number of validator nodes, keeping transaction fees as low as possible even under high network load.
- Smart Move language. This programming language is spared from vulnerabilities such as “re-entry vulnerability”, “poison tokens” and “fake token approval” that have been repeatedly used for hacking attacks on other platforms.
- Improved user interface for apps. To enable app developers on SUI to create quality user interfaces, the platform will provide various tools included in the SUI Development Kit.
Token SUI
The key role of the SUI token is to participate in staking, chain management, voting within the governance mechanism from SUI DAO and payment of transaction fees.
In addition, the SUI cryptocurrency provides security for the network and is used in the SUI storage fund to distribute rewards and compensate validators for storing network data.
Conclusion
SUI future looks very promising and its technical specifications and the team’s approach to development have been welcomed by many in the crypto community.
However, the project will have to withstand stiff competition from other L1 blockchains and continue to improve the ecosystem if it is to become widespread.