SUI Public Chain: From Performance Competition to Value Restructuring

With the continuous evolution of Web3 technology, the Move language is gradually becoming an important option for the new generation of public chains. In this context, SUI has become one of the representatives of the Move ecosystem. Built by Mysten Labs, SUI introduces object-oriented data structures and parallel execution mechanisms based on the Move security model, reconfiguring on-chain resource management and transaction execution patterns. SUI not only pursues high performance but is also committed to creating a technological foundation for complex interactions and large-scale applications.

1. Restructuring the Ecological Pattern

Compared to other public chains, SUI has the following characteristics:

• Compared to Solana, SUI uses a more secure Move language, has lower hardware requirements, and is beneficial for decentralization. The performance of both is comparable, but SUI has lower confirmation delays.
• Compared to Aptos, SUI's object model is more efficient, with higher user growth and activity.
• Compared to the dedicated trading chain Sei, SUI takes the general L1 route, supports a variety of applications, and is more resilient to risks.
• Compared to Ethereum L2, SUI has advantages in ultra-low latency and high concurrency, making it more suitable for high TPS applications such as games.

2. Ecological Data Performance

Since the launch of the SUI mainnet, user growth has been rapid:

• By April 2025, more than 123 million user addresses will be created on-chain.
• From February 2025, the number of monthly active addresses will exceed 40 million.
• The daily average of new wallet addresses reached over 1 million.
• The total locked amount across chains is approximately $2.55 billion.
• The market value of stablecoins has reached a new high of over $800 million.

SUI has covered high-frequency scenarios such as on-chain order book DEX, real-time PvP, and social interactions. Its low Gas fees are the core selling point that attracts developers.

3. Ecological Construction Layout

In the development of the SUI ecosystem, institutions such as OKX Ventures have played an important role:

• Invested in core projects such as Cetus, Navi, Momentum, Haedal, covering key sectors like DEX, lending, and LST.
• These investments create a strong ecological synergy, building a self-reinforcing DeFi closed loop.
• OKX Ventures also provides industry resources, market insights, and technical support to accelerate project development.

The investment of the SUI Foundation and Mysten Labs at the infrastructure layer has laid a deep competitive barrier for the ecosystem:

• Invest in the research and development of "thick infrastructure" such as Walrus, Seal, Nautilus, etc.
• Encourage application innovation through grants and hackathons.
• These infrastructures enhance SUI's capacity to support emerging fields.

4. Value Positioning Upgrade

SUI is transitioning from a "high-performance parallel chain" to a "programmable internet stack:"

• Build a native protocol stack that includes computing power, storage, identity, liquidity, and privacy computing.
• The six major components ( Sui mainnet, DeepBook, SuiNS, Walrus, Seal, Nautilus ) are now in use.
• The differentiation advantage lies in the ability of "horizontal combination."

SUI has opened up multiple growth directions:

• Migration of Web2 SaaS, such as content distribution, social interactions, identity verification, and other non-financial interactions.
• Offline networks and extreme scenario applications, targeting weak network environments.
• AI verifiability, focusing on making AI weights, inference logs, and data sources auditable on-chain.

In terms of technological advancements, SUI is continuously improving:

• The protocol supports dynamic version control and hot updates.
• Mysticeti introduces DAG asynchronous pipelines to enhance performance.
• Move language adds new features to improve development efficiency.

SUI is working hard to build a universal infrastructure that serves the large-scale implementation of Web3, transitioning from a high-performance public chain to a programmable internet underlying platform.