Why SUI Might Be the Next Big Winner of This Crypto Cycle: Influencer Insight
- Sui Network processes 297,000 transactions per second with finality in 390 milliseconds, highlighting its technical superiority.
- Sui Network’s partnerships with BytePlus, Tencent, and Alibaba solidify its growing influence in the blockchain industry.
In a recent tweet, influencer StarPlatinum started a discussion by speculating that SUI could be the next big winner this cycle. The tweet emphasized Sui Network’s attempts to address fundamental difficulties in the blockchain ecosystem, specifically network congestion and poor adoption.
Notably, Sui was able to address these difficulties without ever reaching its maximum capacity, demonstrating the power of its scalable Layer 1 infrastructure, which uses parallel execution to improve intelligent asset coordination.
Could $SUI be the next big winner of this cycle?
Here’s why I believe it🧵 pic.twitter.com/0miJ38mkX2
— StarPlatinum (@StarPlatinumSOL) August 12, 2024
Sui Network Outpaces Competitors with Unmatched Speed and Strategic Partnerships
Sui Network’s ability to process an astonishing 297,000 transactions per second (TPS) demonstrates its technological prowess. Furthermore, it achieves transaction finality in 390 milliseconds while keeping cheap gas fees, which is crucial in the blockchain environment.
These characteristics establish SUI as a leader among Layer 1 blockchains, surpassing its competitors. For instance, a comparison video of swaps on Jupiter (Solana) and KriyaDEX (Sui) showed that Sui completed transactions in 0.73 seconds, while Solana took 4.45 seconds. As previously highlighted, this test revealed Sui’s superior performance, with a six-fold increase in speed.
In addition to its technical advantages, Sui Network has forged strategic collaborations in 2024. Notable partnerships include those with TikTok subsidiary Byteplus, as well as major Asian cloud providers Tencent Cloud and Alibaba Cloud.
These collaborations are vital for Sui’s expansion and adoption in the Asian market. Moreover, as mentioned in our earlier report, Grayscale, a well-known digital asset management firm, has established a specialized SUI fund, further strengthening Sui’s position in the blockchain market.
Sui Network’s influence extends beyond its technical achievements and relationships; it is also making significant progress in the blockchain gaming industry.
The network is actively developing PLAYTRON, the first portable device with native Web3 gaming capabilities, enabling it to run major titles from both Web3 and Web2. This breakthrough positions Sui Network as a formidable player in the fast-growing blockchain gaming market, which holds immense potential.
SUI is now one of the top blockchains to watch due to its fast transaction speeds, low fees, strong collaborations, and innovative ideas. Considering recent price fluctuations, SUI, currently among the top 35 cryptos by market cap, appears to have promising long-term potential.
At the time of writing, SUI is trading at $0.9039, experiencing a slight decrease of 3.77% in the last 24 hours, with a daily trading volume of $297.62 million.