My friends, there has been a craze for testnet participation airdrops in the cryptocurrency markets for the past few months.
Features Sui blockchain and the names of the projects that will work on it have occupied social media platforms …
As a curious cryptocurrency proponent, I wanted to examine the Sui ecosystem. In this article, I want to share my reviews with you…
If you're ready, let's start …
First of all, what is the Sui ecosystem… ? Could it exist in the future… ?
Sui; layer-1 blockchain. Purpose; Instant action and focus on high speed. This can bring the Sui ecosystem to the fore in the game, Defi industry, which are real-time projects.
Smart contracts; It is written in Move, a Rust-based programming language that prioritizes fast and secure transaction executions.
The Sui ecosystem is different; It is achieved through a process called "transaction parallelization" that allows "parallel handshake" between independent transaction types. By organizing data as standalone objects, independent transactions are validated by Sui nodes through the “Proof-Of-Stake (PoS)” consensus mechanism.
Sui seems to be a candidate to become an important ecosystem with its team as well as its aim. Sui is created by Mysten Labs. It was founded by Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis and Kostas Chalkias, a Meta engineer who previously worked in the Novi division. All of them are competent engineers in the field of blockchain.
Mysten Labs is a blockchain ecosystem that draws attention with its investors. Powered by Andreessen Horowitz (a16z). Other investors; Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital and O'Leary Ventures…
It seems that expectations are high from the Sui ecosystem…
What are the features of the Sui blockchain… ?
- It provides the opportunity to create smart contracts in a shorter time.
- Users will be able to send assets first and open the account later, thanks to the upcoming feature.
- Sui will have low transaction fees, horizontal scaling and high-speed transaction capability.
- Sui uses Proof of Stake, which consumes less energy and is environmentally friendly.
- It will be able to create more utilities in NFTs and store them directly on the chain.
- As assets, they will live directly in users' accounts, not in someone else's smart contract.
- Unmatched scalability promises instant solutions.
- It is a secure smart contract language accessible to mainstream developers.
- It will have the ability to define rich and composable on-chain assets.
- It will provide better user experience for Web3 applications.
I tried to give brief information about the Sui ecosystem. Now I want to talk about the projects that will work on this important ecosystem, which I think may be important...
First of all, the most important issue is the wallets specific to the Sui ecosystem … The most used wallets that I use too …
Sui Wallet, Ethos, Suiet
Sui Wallet, Suiet, Ethos … You can create wallet like any other wallet … You need to store 12 or 24 word seed words and enter strong password.
A few of the DeFi projects, the finance system of the blockchain;
SuiDex
SuiDex is one of the first AMM (Automated Market Maker) on the SUI blockchain, created to enable safe and decentralized token swaps. The protocol uses smart contracts developed by our team, written in the MOVE language, and published on the SUI mainnet/testnet.
- Uncorrelated token swaps, trade directly from your wallet app
- Stable swaps for correlated assets, using a different liquidity curve
- A treasury that receives a part of every swap transaction fee
- Written in Move: a new smart contract language designed with security
- High speed transaction
- Trading fees are lower than other top decentralized exchanges
SuiSwap
SuiSwap offering Unified Commerce Infrastructure for SUI
- Lets you trade gracefully
- Deposit with top rewards and let you experience speed and security powered by SUI
- It allows you to establish connections with wallets, aggregators and other protocols to make the ecosystem better.
- It provides the maximum liquidity reward with an additional incentive increase to liquidity and token holders.
A few of the launch platforms of the new projects are;
SuiPad
It is one of Sui Network's first decentralized launchpads. SuiPad has been designed from the ground up to empower Sui project holders (both Token and NFT) by providing a strategic token launch experience with a customized launch model, timeframe, accepted token types and auction algorithms. Sui is building the safest and most scalable Tier 1 blockchain for the next billion users. Only when our launchpad attempts are successful can the SuiPad be successful.
Tocen
Tocen is an IDO & INO platform that acts as a community-driven incubator, supporting and accelerating high-end Sui blockchain initiatives. Central to this passion is a set of elements that serve as the foundation for the Tocen community to better grasp the big picture of Sui's projects and select high-quality products to support.
SuinamiPad
It is the leading launchpad for the SUI Blockchain, offering a range of cutting-edge dapps including SUINAMI Launch and SUINAMI Lock. Our platform has many unique features for project creators, including free audits, pre-sales, fair launches, advanced anti-bot measures and much more. A very new ambitious project…
Sui Name Service SNS
Due to networks like Sui (cheap cost, high TPS) there are not many opinions about this blockchain. One of the main goals of Sui Name Service will be to develop products for the consumer-facing web2 industries, including SNS, games and domains, through the Web3 infrastructure.
My Last Words; Sui Blockchain looks like it will come to the cryptocurrency market ready in all respects … Although it is in the testnet environment, it comes with dozens of projects that have serious communities behind it in main sectors such as DeFi, Wallet, Launcpad, Nft, Gaming. During this research, I met many projects in the Sui ecosystem. I participated in airdrop events. I continue to participate. Let me admit; The Sui ecosystem excites me...
I tried to give information about Sui Blockchain and its projects that I tested myself. Don't forget to hit the Like button and leave a Tip if you think it's useful for you ...
As I always say … Listen to everyone, decide for yourself … Good Luck …
