Sui is a high-performance layer 1 blockchain whose native token is SUI. Recently, there has been a lot of good news about Sui Network. Here are some key points:
1. USDC support: Circle plans to introduce USDC to the Sui network, which will be implemented through the Cross-Chain Transfer Protocol (CCTP) to improve the interoperability of the Sui network.
2. Price increase: SUI token price has performed strongly recently, with 24-hour trading volume exceeding US$500 million, an increase of 28%, ranking first among the top 30 tokens by market value.
3. Technological progress: The Sui network has been making technological innovations. For example, the Mysticeti upgrade significantly shortened transaction finalization time, and Pilotfish allows multiple validators for near-infinite horizontal expansion.
4. Developer community: Sui has an active developer community, and its number of monthly active developers increased by 219% in half a year, showing developers' strong interest in the Sui platform.
5. DeFi Ecosystem: Sui’s DeFi ecosystem is developing rapidly, with TVL (Total Value Locked) growing rapidly in the past few months, showing user engagement and confidence in the network.
6. Market confidence: Despite the high volatility in the crypto market, investor confidence in Sui is recovering, which may be related to the improvement of the global regulatory environment.
7. Ecological projects: Many popular projects have emerged in the Sui ecosystem, such as Cetus, Navi Protocol and Scallop Lend. The growth of these projects reflects the high level of user trust in the Sui ecosystem.
8. Market performance: Sui’s market performance is similar to Solana’s performance in the last bull market, which has attracted market attention.
9. User base: Sui’s total number of active accounts has exceeded 10 million, demonstrating its broad user base and rapid growth potential.
10. Staking Fund: CoinList has launched a staking fund, and one of the first five crypto-assets supported includes SUI, which may further increase the appeal of SUI.
Please note that despite Sui's recent positives, the cryptocurrency market is highly volatile and investments should be made with caution.
