In February 2024, to celebrate the Chinese New Year, Sui Ecosystem issued a number of important announcements and actively promoted ecological construction. For example, TVL on Sui exceeded US$500 million, ranking among the top ten on the DeFi list and among the top five most active chains; Ondo announced that it would bring its native stablecoin USDY into the Sui ecosystem; Sui cooperated with Thrive to launch the ThinkSui platform, and US$720,000 was awarded to Sui Contributors; Sui Foundation and the American University of Sharjah announced a partnership to open a Blockchain Academy; Sui was named the Best Blockchain Solution in 2024 at the AIBC Eurasia Awards, and more.
In addition, the upcoming Sui Game Summit (March 19) and Sui Basecamp conference (April 10-11) will further promote Sui’s wide influence and make us full of expectations for the next development of Sui in 2024. .
The following is a summary of Sui’s recent growth history:
Latest developments in the Internet
Sui network updates
The Sui mainnet has undergone two important iterative updates in February. According to the network update schedule, developers can know the update frequency and time of the development network, testnet and mainnet in advance so that they can quickly and simultaneously update. At present, the Sui network has been updated to: development network V1.20.0, test network V1.20.0, main network V1.19.1. For the upgrade points of recent versions, please read thisarticle。
TVL on Sui exceeded US$500 million, ranking among the top ten on the DeFi list and among the top five most active chains
In early February, TVL on Sui exceeded US$500 million and exceeded US$600 million 10 days later. This important milestone was achieved in less than 9 months, especially in the last 5 months of 2023, TVL increased 15 times in 2024. It more than doubled in January. On top of that, on-chain activity is booming, at one point putting Sui in the top 5 most active chains! Sui is being adopted at scale to solve real-world problems and is gaining more and more attention.
Sui partners with Thrive to launch ThinkSui platform, awarding US$720,000 to Sui contributors
On February 6, Sui Network launched the ThinkSui Platform, a new program that recognizes Sui community members, builders, and creators. Launched by Sui and Thrive, the program aims to provide the Sui community with a platform to share their ideas and turn them into impactful contributions, allowing users to be rewarded for driving the growth of the Sui ecosystem.
Ondo announces that it will bring its native stablecoin USDY into the Sui ecosystem
USDY is a tokenized note backed by short-term U.S. Treasury bonds, allowing holders to enjoy the utility of stablecoins while earning income. Ondo’s partnership with Sui aims to rapidly improve the accessibility of real-world assets within the Sui ecosystem. USDY is integrated into the leading DeFi protocol on Sui, adding stable and liquid investment options to Sui’s ecosystem.
Sui launches Move course on Dacade, complete learning rewards SUI
Dacade has launched a Sui Developer Course to provide developers with an immersive journey into Move technology. In this course, Dacade’s educational materials will guide users through building DeFi applications leveraging Sui’s powerful DeFi native capabilities, including DeepBook and zkLogin. Additionally, participants will benefit from valuable feedback and advice from fellow learners within Dacade’s peer-to-peer learning network, enhancing their learning experience and skill development.
Sui Foundation and American University of Sharjah announce partnership to open Blockchain Academy
The American University of Sharjah (AUS), a leading innovation hub in the Middle East, has launched a new blockchain research center in partnership with Sui, further enhancing its reputation for innovation. The initiative is part of the emirate of Sharjah’s aim to position itself as a regional hub for education and research, particularly in the areas of technology and blockchain. This effort complements the emirate of Dubai’s leading position in the blockchain industry, ensuring there is ample regional expertise when building new decentralized applications and integrating the technology into existing infrastructure.
Web3 gaming infrastructure provider Stardust powers game developers on Sui
Recently, Stardust announced a partnership with Sui, bringing its expertise in wallets-as-a-service infrastructure and user acquisition platforms to Sui, providing game developers with critical assistance to attract players. . As a Web3 gaming infrastructure provider, Stardust has built a platform focused on EVM technology.
Sui named Best Blockchain Solution of 2024 at AIBC Eurasia Awards
Sui won the “Best Blockchain Solution Award 2024” at the second AIBC Eurasia event in Dubai from February 25 – 27. This award highlights the quality of the entire Sui community and the incredible achievements we have achieved together. Achievement!
Recruit Sui Ambassadors, build the Sui community together, and unlock exclusive benefits
Sui announced a new round of Sui Ambassadors in mid-February, a key initiative in building a global community around Sui’s innovative technology. The Ambassador Program empowers individuals who are passionate about Suis mission and desire to spread awareness among Sui communities and audiences. The Sui Ambassador Program offers two different tracks, content creation and community leadership, and encourages applicants to choose the track that best matches their unique skills and strengths. As of writing, applicants have been notified of the selection results by email.
community activity
In April in Paris, Sui Basecamp invites you to its first global flagship conference
On April 10-11, 2024, Sui will celebrate the first year of its mainnet launch in Paris, France. We sincerely invite all Sui builders and supporters to witness it with us! Sui Basecamp will take place during Paris Blockchain Week, where Web3 builders, established businesses and believers come together to create, learn and connect together. Basecamp will be hosted by people with deep practical knowledge of the Move programming language, cryptography, infrastructure, and Tokenomics and will consist of two days of talks and workshops.
Playing with the Future: Sui Gaming Summit to GDC March 19
Sui will launch its first major gaming event - Play Beyond: Sui Game Summit - on March 19 this year at the Game Developer Conference (GDC) in San Francisco. The summit will include presentations, discussions, development workshops and live game demos. The networking event will provide opportunities to collaborate with promoters such as Korean gaming giant NHN who are already benefiting from key Sui innovations and shaping the future of gaming.
In addition, Sui has launched a community activity portal to provide an overview of the activities of the Sui ecosystem around the world, such as upcoming activities in Paris, the Philippines, Hong Kong and Dubai. Please visit the event homepage for more details.
Popular science content operation tutorials
SuiNS allows you to display your digital identity more personally
The SuiNS name service allows Sui users to have a human-readable identifier and associate it with a Sui account. The SuiNS identifier greatly simplifies the way users specify Sui accounts, creating a better user experience. At the same time, blockchain name services represent an important step in the revolution in the concept of digital identity.
The first step in Web3 investment is to solve the problem of legal currency withdrawals and withdrawals
Banxa, the worlds leading fiat currency entry and exit platform, and Sui officially jointly launched on
How zkLogin makes cryptography faster and more secure
zkLogin is not only a revolutionary leap in bringing more users to Web3 applications, its development also makes zero-knowledge (ZK) APIs safer and faster. In addition to system design challenges, multiple contributions to external ZK proof and cryptographic libraries are required. The main contributions made by the Mysten Lab cryptography team are summarized as follows: (1) BLS speed improvement; (2) fixing errors in kobi/phase 2-bn 254 and making it compatible with snarkjs; (3) Poseidon suitable for any curve; (4) ) upgrade ark-circom (now renamed circom-compat).
What is a stablecoin?
A stablecoin is a cryptocurrency that provides stability in volatile markets by maintaining a stable value, often pegged to a fiat currency like the U.S. dollar or a commodity like gold. Understanding the reasons for the existence of stablecoins, stability mechanisms, application scenarios, existing risks and future development prospects will help you better understand the encryption market.
Operation tutorial｜How to obtain the SuiNS name
SuiNS converts complex identifiers into an easy-to-read form that is more like an identity, similar to an email address. People with a SuiNS name can use it as an online address on Sui, personalized with an NFT-based avatar, or even a website as an IPFS page. The acquisition and purchase process can be based on thisTutorialoperate.
ecological project
Leveraging expertise accumulated in Silicon Valley, NAVI takes the lead in the Sui DeFi track
As the leading DeFi project in the Sui ecosystem, NAVI Protocol makes full use of Suis object-oriented data architecture, security, scalability and other features to build user-friendly products. Its founders have rich project resumes and industry knowledge, and made the right choice of Sui as their platform to build products.
Sui on-chain overview
Online version:
Development network: V1.20.0
Testnet: V1.20.0
Mainnet: V1.19.1
On-chain situation:
Network TPS（Peak 30 D）： 1282
Current Epoch: 333
Checkpoint： 28.5 M
Number of verification nodes: 104
Total number of addresses: 9.78 M
Number of daily active addresses: 17.12 K
Total number of transactions: 2.80 B
TVL： 525 M USD（DeFiLlama）
Data statistics time: 2024–03–11 15:00 (UTC+8)
About Sui Network
Sui is an L1 public chain redesigned and built based on first principles, aiming to provide creators and developers with a development platform capable of hosting the next billion users in Web3. Applications on Sui are based on the Move smart contract language and are horizontally scalable, allowing developers to support a wide range of application development quickly and at low cost. Get more information:https://linktr.ee/sui_apac
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