Originally published on: November 22, 2024
The Sui blockchain ecosystem is on a rapid rise, with its native SuiSUItoken surging in value. Router Protocol’s co-founder and CEO, Ramani Ramachandran, credits this growth to the exceptional developer experience and vibrant community within the Sui ecosystem.
Ramachandran praises Sui for its user-friendly Move programming language and simplified interface, making it a developer-friendly environment. He emphasized the positive vibes and strong community spirit that sets Sui apart from other layer-1 projects.
As investor interest in Sui continues to soar, recent reports highlight the ecosystem’s potential. Sui outperformed other blockchains in September, with a 140% increase in daily active addresses. Its current market capitalization stands at an impressive $9.9 billion.
Notably, Sui’s high throughput and low latency make it ideal for applications like video games, leading to exciting collaborations with companies like Franklin Templeton. Mysten Labs, the brains behind Sui, is also gearing up to launch a handheld gaming PC optimized for blockchain gaming in 2025.
With Sui’s unique architecture and developer-friendly approach, it’s positioned as a strong competitor to established players like Solana. The future looks bright for Sui, as it continues to attract developers and investors alike. Stay ahead of the curve with the latest insights from the Crypto Biz newsletter. Don’t miss out on key trends and financial opportunities in the blockchain and crypto space – subscribe now!