$SUI
Sui is a Layer 1 blockchain, utilizing Proof of Stake and the Narwhal & Tusk mechanism to achieve extremely high transaction speeds. It supports the Move programming language for smart contracts and optimizes resources. Sui aims for applications in DeFi, NFTs, and Gaming with high performance and low costs.
1. Strong growth:
• TVL (Total Value Locked) of Sui increased by 67.9% in Q4 2024, reaching 1.7 billion USD.
• Transactions: Sui recorded 8.4 million transactions per day, a significant increase from the previous quarter.
• The price of SUI has increased by 131.5% in Q4 2024, indicating a positive trend recently.
2. Developing ecosystem:
• Sui supports many prominent DeFi projects such as DeepBook V3 and Suilend, while also expanding into NFTs and games.
4. Technological improvements:
Move language and Mysticeti help improve performance and reduce transaction latency, increasing competitiveness
