According to Coincu, Sui Network, a layer 1 blockchain, has reached over 6 million active user accounts in just four months since its mainnet launch on May 3, 2023. Sui Network serves as the foundational infrastructure for authentication and transactions, supporting a diverse array of tokens and positioning itself as one of the most promising newcomers in the blockchain landscape this year.

The network's speed and efficiency are driven by its unique Move programming language, which is rooted in the Rust cryptocurrency programming language. Move aims to streamline the development of smart contracts, broadening accessibility and functionality within the DeFi industry. On September 13, the Sui Foundation announced that users can now access decentralized applications (dApps) using their Google, Facebook, and Twitch login credentials, thanks to the innovative zkLogin (Zero Knowledge login) feature.

This development allows users to explore the web3 landscape with the same ease they experience on conventional online platforms, without the complexities associated with managing web3 wallets. Sui Network's vision is to simplify Web3 accessibility, enabling users to register on its apps without the need for external crypto wallets or cumbersome seed phrases. As the network continues to grow in popularity, it remains at the forefront of blockchain innovation, reshaping the digital landscape for all.