SUI Blockchain Development Prospects and Technological Innovation

As an emerging Tier 1 blockchain platform, SUI Blockchain is performing well in 2024 and has a strong development momentum. Adeniyi Abiodun, co-founder of Mysten Labs, introduced SUI's background, goals, and latest progress.

SUI aims to address the increasing centralization of the Internet by creating a set of decentralized protocols and platforms that enable interoperability between services. SUI adopts the Move programming language, which has higher security and development efficiency. Its unique object-driven model and parallelized transaction processing capabilities make SUI outstanding in terms of performance and scalability.

In terms of ecosystem construction, SUI has attracted a large number of developers, with rapid growth in total locked value, trading volume, and other indicators. SUI has introduced innovative features such as ZK login and programmable transaction blocks, providing users with a Web2-like experience. Meanwhile, SUI is developing gaming devices and a decentralized storage platform called Walrus, further expanding application scenarios.

In terms of technology upgrades, SUI released a new consensus mechanism, Mr. SETI, which dramatically improves transaction processing speed and throughput. In the future, SUI will also launch a DNS system to improve the security of website access.

Adeniyi Abiodun is confident about the development prospects of SUI, expecting that by 2025 the number of active wallets for SUI will exceed 120 million, the number of Move developers will reach 25,000, and the total value locked is expected to achieve tenfold growth. He believes SUI has the potential to become a leader in the blockchain industry and lay the foundation for the widespread application of Web3.