SUI ecosystem recent expansion and growth

[Cryptosmart]

Sui has experienced impressive growth recently, bringing plenty of new opportunities. The updates and improvements across the Sui network have driven strong growth in several areas. As a Layer 1 network, Sui is not only faster but also cheaper than Solana, and almost every aspect of it offers potential for profit during this bull run.

Developer activity has increased by 219% since January 2024, and Total Value Locked (TVL) has exceeded $900 million. The decentralized identity feature on Sui is also gaining attention, with SuiNS as a prime example. SuiNS is focused on giving people a blockchain-based identity through Sui’s naming service, allowing users to create human-readable names for wallet addresses, dApps, and more. Holders of SuiNS Airdrop NFTs will gain additional perks once SuiNS is live on exchanges tomorrow.

This is just one example of the benefits offered by a new Layer 1 blockchain with cutting-edge technology. Are you following along?

[soeezy]

Yes, I am following along. The growth and updates in the Sui network, particularly in developer activity, TVL, and the introduction of features like SuiNS for decentralized identity, illustrate the network's expansion and its increasing relevance in the blockchain ecosystem. These developments indeed suggest multiple avenues for profit and innovation during the current market conditions.

[Gem hound]

People will still use Sol that's just the fact. Still it doesn't take away the fact that the project is quite interesting, it takes usernames to another level and makes it as unique as NFTs what's better is that they can be used for wallet addresses, the token also seems to be doing quite well too it got listed on 4 of the top 6 exchanges, it's on the downside price-wise though.

[libert19]

Yes, I am aware of SUI's hype recently and accordingly invested some.

People will still use Sol that's just the fact. Still it doesn't take away the fact that the project is quite interesting, it takes usernames to another level and makes it as unique as NFTs what's better is that they can be used for wallet addresses, the token also seems to be doing quite well too it got listed on 4 of the top 6 exchanges, it's on the downside price-wise though.

I don't personally think having readable name addresses are any big deal anymore, it's something blockchains should be having by default but of course since they don't, such projects find their place.

[Paragon2]

Sui Price Down Following Network’s First Major Outage
Sui Network experienced its first major outage Thursday, grinding the network to a halt for two hours due to a bug.

Sui, a layer-1 blockchain built by Mysten Labs, experienced its first major outage Thursday, as the network failed to process transactions for around two hours.
Source Link: https://decrypt.co/292833/sui-price-down-major-outage
The outage was caused by a “bug in transaction scheduling logic that caused validators to crash,” Sui’s official account explained on Twitter (aka X). A patch for the issue has since been rolled out, Sui added, which was quickly adopted by the network’s community of validators.

Since the network went live in May 2023, Sui had experienced consistent uptime up until the bug knocked its validators offline. The last incident impacting Sui took place in June, when its testnet experienced a temporary outage.

[Coincollector]

Sui Price Down Following Network’s First Major Outage
Sui Network experienced its first major outage Thursday, grinding the network to a halt for two hours due to a bug.

Sui, a layer-1 blockchain built by Mysten Labs, experienced its first major outage Thursday, as the network failed to process transactions for around two hours.
Source Link: https://decrypt.co/292833/sui-price-down-major-outage
The outage was caused by a “bug in transaction scheduling logic that caused validators to crash,” Sui’s official account explained on Twitter (aka X). A patch for the issue has since been rolled out, Sui added, which was quickly adopted by the network’s community of validators.

Since the network went live in May 2023, Sui had experienced consistent uptime up until the bug knocked its validators offline. The last incident impacting Sui took place in June, when its testnet experienced a temporary outage.

As I type this, SUI is trading over $4. Probably the outrage didn't do much damage.. what was the cause of it though?

[|MINER|]

The latest two updates to the Sui coin ecosystem have brought about the current position of SUI coin, where just four months ago the market cap of this coin was around one billion, the market cap of this coin is currently over 14 billion, which is almost 14 times more market cap achieved by their two new updates alone. And I think those updates are the reason why even though there was such a big bug in the SUI coin ecosystem, it didn't have a big effect on the market price.

[JISAN]

The latest two updates to the Sui coin ecosystem have brought about the current position of SUI coin, where just four months ago the market cap of this coin was around one billion, the market cap of this coin is currently over 14 billion, which is almost 14 times more market cap achieved by their two new updates alone. And I think those updates are the reason why even though there was such a big bug in the SUI coin ecosystem, it didn't have a big effect on the market price.

The price of Sui Coin is increasing unimaginably. The price of Sui could not be imagined to rise so much in this Holbing. While there is not much hype about the Sui ecosystem, there has been a lot of discussion recently and huge rewards for holding Sui have helped create hype about Sui in the market.  And Sui's development looks like it can do well in the future and cross 10$ per Sui

[|MINER|]

The price of Sui Coin is increasing unimaginably. The price of Sui could not be imagined to rise so much in this Holbing. While there is not much hype about the Sui ecosystem, there has been a lot of discussion recently and huge rewards for holding Sui have helped create hype about Sui in the market.  And Sui's development looks like it can do well in the future and cross 10$ per Sui

I thought the SUI coin would disappear from the market as quickly as it came in. Because I was seeing no discussion about it in various communities.
And I will not this agree with you that so we can cross $10 in the near future maybe in this altcoin season? And I will save regarding this potential successful market I will say the all credit goes to the SUI coin developer and the idea generator.

[pmbug]

Leading Layer 1 blockchain Sui today unveiled a collaboration with World Liberty Financial, a Donald J. Trump-inspired pioneering decentralized finance (DeFi) protocol, rooted in their shared vision for a more open and transparent financial world. As WLFI and Sui begin to explore product development opportunities, WLFI plans to include Sui assets in “Macro Strategy,” its strategic token reserve designed to bolster leading projects.

“We are very excited to work with Sui and explore the innovative opportunities this collaboration presents,” said Eric Trump, Web3 Ambassador at World Liberty Financial.

“We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans,” said Zak Folkman, co-founder of World Liberty Financial. “Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision.”
...

https://blog.sui.io/world-liberty-financial-strategic-token-reserve/

There is a decent chance that whatever the Trump administration is planning to do with SOL, ETH, XRP and ADA in the crypto summit later today, SUI is eventually going to be part of it. 

[JISAN]

https://blog.sui.io/world-liberty-financial-strategic-token-reserve/

Ever since SUI world-liberty-financial partnered with this organization, more hype has started on SUI. And it is expected to do better in the future. Although SUI ecosystem was not very popular earlier, there has been a lot of hype about it in the market for several months.  And a few days ago SUI price went up surprisingly. But due to bad market conditions, its price has fallen a lot, but it has started to rise again. so investing in it according to its marketcap can fetch good profit in future.

[Crypto Library]

Ever since SUI world-liberty-financial partnered with this organization, more hype has started on SUI. And it is expected to do better in the future. Although SUI ecosystem was not very popular earlier, there has been a lot of hype about it in the market for several months.  And a few days ago SUI price went up surprisingly. But due to bad market conditions, its price has fallen a lot, but it has started to rise again. so investing in it according to its marketcap can fetch good profit in future.

The main think is here in this bull season we just only saw the bitcoin bull season we haven't seen yet the alternative coins season, in the reason of the past pump of Sui coin is just because of the bullish market and as well the developer updates. Test two things are made the big pump in the past days for Sui coin.

Now as we all know that the whole alternative coin market has been struggling due to bitcoin correction I think this situation will overcome in this year and we will see more all time high price on Sui coin.