Sui Network Analysis: Shaping the Future of Web3 with High-Speed Layer-1 Blockchain (2024 - 07/2025)
Data updated until 07/2025 and is just basic information about the project to facilitate basic evaluation – Not investment advice 😊

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🌟 Project Overview
@Sui is a Layer-1 blockchain developed by Mysten Labs, launched its mainnet in May 2023, focusing on speed, scalability, and user experience. Using the Move programming language and an object-centric model, Sui achieves transaction speeds of up to 297,000 TPS with low fees. Features like zkLogin and sponsored transactions help remove Web3 barriers, from gaming to DeFi. From 2024 to 07/2025, Sui stands out with a gaming ecosystem and BTC integration, attracting a large number of developers.

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🕒 Important Milestones
- May 2024: Launch of SuiPlay0X1, the first Web3 gaming device, integrated with the Sui ecosystem.
- July 2024: Integration with @ElectricCapital, reports indicate a rapid increase in the number of developers on Sui, surpassing many other ecosystems.
- September 2024: Becomes the official blockchain partner of @ONEChampionship, promoting application in sports.
- November 2024: Experienced a 2-hour network interruption due to a transaction scheduling error, which has been resolved.
- December 2024: Collaborates with @Scallop_io, launching a lending protocol on Sui, enhancing DeFi.
- July 2025: Announces BTCFi partners, allowing seamless bridging of Bitcoin into Sui.

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🤝 Strategic Partnerships
- @Scallop_io: Developing a lending/borrowing protocol on Sui, offering high interest rates and low fees.
- @ONEChampionship: Official blockchain partner, applying Sui in ticketing and fan engagement.
- @SupraOracles: Providing high-speed data feeds for dApps on Sui.
- @a16z: Financial support through a $300 million funding round (2022), valuing Mysten Labs at $2 billion.
- @BinanceLabs: Investing and integrating Sui into DeFi and gaming products.
These partnerships help Sui expand into gaming, DeFi, and sports, enhancing user accessibility.

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💰 Tokenomics & Current Price
- Token: SUI (native), used for transaction fees, staking, and governance.
- Total supply: 10 billion SUI, with 3.45 billion in circulation (07/2025).
- Mechanism: Proof-of-Stake, validators are rewarded with transaction fees; users stake SUI to earn profits.
- Current price (07/2025): ~3.95 USD, market cap ~13.8 billion USD, 24h trading volume ~2.65 billion USD.
- All-time high (ATH): ~5.35 USD (April 2025).
- All-time low (ATL): ~0.36 USD (October 2023).
The price of SUI has surged significantly from ATL. The W chart looks beautiful that cannot be described for those who caught the bottom recently...

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📈 Revenue & Profit
According to DeFiLlama, Sui records annual revenue of about 15 million USD from transaction fees on dApps (DeFi, gaming). Revenue is distributed to validators and the Sui Foundation treasury. Sui does not disclose specific profits due to being a decentralized protocol. Mysten Labs raised 336 million USD through funding rounds (Series A: 36 million USD, Series B: 300 million USD). The Sui Foundation treasury funds hackathons, grants, and events like Sui Connect.
This is data from a third party, sometimes there may be errors for many reasons, which could be from the project, changes in the project, or API errors,... so please refer to it only.

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🛠 Products & Technology
- Move Language: A secure programming language that treats assets as objects, reducing smart contract errors.
- Object-Centric Model: Enhances composability and enables parallel transaction processing.
- Narwhal & Tusk: A consensus mechanism combining DAG and BFT, achieving 297,000 TPS.
- zkLogin: Allows Web3 login using Web2 accounts (Google, Apple), eliminating wallet barriers.
- SuiPlay0X1: A Web3 gaming device, integrating dynamic NFTs and play-to-earn.
Sui's technology stands out for its speed, security, and user-friendly experience.

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🗺 Future Plans (Roadmap)
- Q3-Q4 2025: Expanding integration with Bitcoin and Ethereum through intents-based bridging.
- Gaming Ecosystem: Further development of play-to-earn games on SuiPlay0X1.
- Developer Tools: Improving SuiKit and BitsLab IDE to attract developers.
- DeFi Growth: Enhancing lending/borrowing with @Scallop_io and new protocols.
- Community Engagement: Organizing hackathons and events like Sui Connect Istanbul.

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🚀 Opportunities
- Speed and scalability: 297,000 TPS and low fees help Sui lead in gaming and DeFi.
- Gaming ecosystem: SuiPlay0X1 and dynamic NFTs attract game studios.
- Developer growth: Reports from @ElectricCapital indicate rapid growth in developers.
- Web2-Web3 integration: zkLogin and sponsored transactions attract mainstream users.

⚠ Challenges
- Intense competition: Facing off against Aptos, Solana, and Ethereum L2s.
- Network incidents: A 2-hour interruption (11/2024) reduced investor confidence.
- Internal criticism: ZachXBT criticized handling of smart contract exploits, needs improvement in cross-chain tracking.
- Price volatility: The price of SUI is highly volatile, which may affect investor sentiment.

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🎯 Conclusion
@SuiNetwork is shaping Web3 with a high-speed Layer-1 blockchain, supporting gaming, DeFi, and decentralized AI. From 2024 to 07/2025, Sui will launch SuiPlay0X1, partner with @ONEChampionship, and integrate BTCFi. Despite facing network incidents and competition, Sui has the potential to lead thanks to Move technology, zkLogin, and a strong development ecosystem. 🚀

#SuiNetwork #SUİ #Layer1 #Web3 #DeFi #GameFi #Crypto

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References:
- Sui Network Official Website
- Sui Network X Posts
- CoinMarketCap
- CoinGecko
- Blogtienao
- DeFiLlama