SUI

Cardano founder applauds Sui’s fast growth and unique approach

October 6, 2024 1 min read

Charles Hoskinson, the founder of Cardano, recently commended the Sui Network for its impressive advancements and innovative contributions to the blockchain industry. He particularly recognized George Danezis, co-founder of Mysten Labs, for his pivotal role in developing Sui, which has the potential to achieve notable success in the sector. Launched in 2023, Sui is a Layer-1 blockchain designed to streamline and improve the development of Web3 applications. It employs the

Sui TVL Hits $1B, Surpassing Polygon (MATIC) and Optimism (OP)

October 1, 2024 1 min read

Sui, the cutting-edge Layer 1 blockchain, has made waves by surpassing the $1 billion mark in Total Value Locked (TVL), now ranking as the 8th largest blockchain in the space. This impressive growth, over 2700% in just a year, is fueled by its innovative features like the DeepBook central limit order book and a thriving developer ecosystem. With a strong focus on decentralized finance (DeFi), Sui has outpaced established players

Agora-Backed AUSD Stablecoin is Live on Sui

September 5, 2024 2 mins read

After successful launches on other major networks, AUSD has deployed on Sui, tapping into the scalable, high-performance network and strengthening Sui’s stablecoin ecosystem. Agora, the stablecoin company led by early-stage finance and technology industry veterans Nick van Eck, Drake Evans, and Joe McGrady, has launched its industry-disrupting AUSD stablecoin on Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling. AUSD adds a key dimension to Sui’s surging list

Layer-1 blockchain Sui (SUI) surges by over 150% over the past week

August 13, 2024 1 min read

Layer 1 blockchain Sui has experienced a substantial surge in value in the last week, surpassing the majority of the top 100 alternative cryptocurrencies. Sui’s price surged from $0.45 to $1.12 on August 5th, resulting in a 150% increase within a week. In May, Sui released 1.04 billion SUI tokens, representing 10.4% of the maximum supply and 39% of the market capitalization at that moment. Regular unlocks are planned weekly

Sui Foundation announces the integration of Amazon Web Service’s (AWS) blockchain

July 23, 2024 1 min read

The Sui Foundation has announced the integration of Amazon Web Service’s (AWS) Blockchain Node Runners on Sui, offering developers a self-managed node deployment solution. This allows builders to set up and deploy Sui full nodes within the AWS environment, benefiting from the high availability, scalability, and reliability of AWS’s robust cloud infrastructure. AWS Blockchain Node Runners simplifies the process of running blockchain nodes, allowing users to easily deploy, scale, manage,

Top 5 Altcoins To Buy Before Bull Run to Make $1M

July 11, 2024 5 mins read

The crypto market is in a state of calm, poised on the brink of what many predict will be the next big bull run. Altcoins, while currently at lows, are seen as ticking time bombs ready to explode in value at any moment. With keen market observers keeping a close eye, the potential for massive gains is palpable. Knowing which altcoins to invest in before the surge can make the

Native Stablecoins Swell on Sui as Agora Adds AUSD Stablecoin to Network

May 29, 2024 2 mins read

Austin, Texas, May 29th, 2024 Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers. Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced the launch of stablecoin AUSD on the network, set to occur in July 2024. With this strategic deployment, which is only available on select chains, AUSD becomes the second native

Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

May 4, 2024 6 mins read

Grand Cayman, Cayman Islands, May 3rd, 2024 Protocol launches, growth trajectory, and industry-leading technology point toward more success to come On the first anniversary of Sui’s Mainnet launch, the Sui community is celebrating a landmark year that saw it rise from a nascent ecosystem to the top tier of Layer 1 blockchains, amassing household name partners and shipping multiple technology breakthroughs in the process. In the build-up to its launch

Sui Revealed as Top Destination for DeFi Inflows Over the Last 30 Days

February 15, 2024 3 mins read

Grand Cayman, Cayman Islands, February 15th, 2024 Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined. Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the

Sui (SUI) TVL surpasses $500 million, solidifying itself in the top 10 of DeFi ecosystems

February 5, 2024 1 min read

Sui’s Total Value Locked (TVL) increased by more than 1500% in the final five months of 2023 and has more than doubled since the beginning of 2024. Sui, one of the fastest-growing Layer 1 blockchains, has maintained its remarkable DeFi growth, surpassing $500 million in TVL and securing its place in the top 10 DeFi ecosystems. On-chain activity has skyrocketed in tandem with TVL’s wild ascent. With a weekly DeFi

Sui (SUI) value has exploded by over 90% in the past 28 days

January 31, 2024 1 min read

Sui’s (SUI) rise is further supported by rising Total Value Locked (TVL) metrics within the Sui network and a remarkable increase in on-chain trading volume. According to DefiLlama data, TVL has reached an all-time high of around $420 million, demonstrating growing confidence and engagement in the Sui ecosystem. Furthermore, trading volume has remained consistently high, with the last recorded dip below $50 million occurring on January 25. Crucially, SUI’s remarkable

Sui Foundation and Mysten Labs Debut Sui Basecamp, the First Ever Global Conference for Sui

January 23, 2024 3 mins read

Palo Alto, USA, January 23rd, 2024 Inaugural Sui ecosystem event comes to Paris April 10-11, 2024 Today, Sui Foundation and Mysten Labs announced Sui Basecamp, the first global conference dedicated to the Sui ecosystem, and a celebration of the builders and entrepreneurs building on Sui, the Layer 1 blockchain and smart contract platform the initial contributors of which are the technology team that emerged from Diem, Meta’s blockchain project. A