I like DeFi on Sui. My favorite app is Navi (https://app.naviprotocol.io/?code=493320019543855104) which is a decentralized borrowing and lending protocol that lets you earn interest or borrow assets with low collateral requirements. If you’re new to Sui, start by setting up a self-custodial wallet like Sui Wallet. Once installed, transfer SUI or USDC from Binance to your wallet address – just make sure you select the correct network when withdrawing. After funding your wallet, you can connect it to Navi and start exploring its features, like lending or borrowing assets while earning juicy yields...
Recently, I started to wonder who’s really behind this blockchain. Founders, investors, validators – everyone seems to be talking about Sui, but no one dives deep into the people making it all happen. So I dug a little deeper and found some interesting stuff. Sui Network was created by Mysten Labs, which was founded by former Meta engineers who used to work on the Diem blockchain and Move programming language. The key names include Evan Cheng, Adeniyi Abiodun, George Danezis, Kostas Chalkias, and Sam Blackshear. These guys come from companies like Meta and Apple.
There are also large groups and organizations that have positioned themselves as key players in the Sui ecosystem. For instance, Canary Capital made headlines by advancing the first-ever SUI ETF with an SEC filing, which shows how traditional financial institutions are starting to take notice of Sui’s potential. This kind of institutional involvement doesn’t just stop at ETFs, though. Major VCs like a16z, Binance Labs, and Accel Partners have backed Sui from its early days. It makes you wonder how much influence these big names really have over the direction of the network. And then there’s Raoul Pal, who became a Sui Network Foundation Advisor. His involvement raises questions about what other high-profile figures might be quietly supporting Sui behind the scenes.
As I pieced all this together, I couldn’t help but feel mixed about it. On one hand, it’s impressive to see such a strong lineup of investors pushing Sui forward. On the other hand, there’s a part of me that wonders if all this outside influence might steer the project away from its original ideals. Is Sui still the decentralized dream it set out to be, or is it becoming another playground for big players with their own agendas? For now, I’ll keep using Navi and exploring what Sui has to offer, but I can’t shake the feeling that there’s more beneath the surface worth questioning.
