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SUI Network: The Path from Challenge to Opportunity

Issue Direct Hit

SUI Network faces four major challenges: lack of originality, short-sightedness of project parties, weak English community and freeloading. These problems limit SUI's ability to attract new users, maintain ecological health and maintain a sound economic model.

Innovation Leading

To meet the challenges, SUI needs to work in four major directions:

Original incentives: set up funds to encourage original projects, and provide resource support and exposure opportunities.

Project party supervision: strengthen supervision to ensure that project parties are responsible for users and ecology, and severely punish short-sighted behavior.

English community expansion: attract international users and enhance international influence through online activities, English tutorials, etc.

Economic model optimization: set up pledge thresholds, adjust pledge income, ensure fair distribution of income, and encourage long-term holding and ecological construction.

Advantages Highlighted

SUI Network also has its unique advantages:

Users First: Treat users sincerely, invest real money to attract users and subsidize projects.

High Performance: Ensure fast transaction execution and stable network operation.

Summary

While facing challenges, SUI Network also shows great potential and opportunities. Through innovation and leadership and leveraging its advantages, SUI is expected to achieve greater breakthroughs and development in the blockchain field.
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$SUI
Sui network ambassador Matteo posted a message suggesting that the tokens of the Sui ecological lending project Suilend may be launched in the next 60 days. This news has attracted widespread attention in the community.
The Sui network itself has also seen significant growth, recently passing the $50 billion total value locked (TVL) milestone, becoming one of the top ten DeFi ecosystems in the world. Over the past month, a staggering $310 million has been moved from Ethereum to Sui via Wormhole, a figure that exceeds all other blockchain transfers combined, demonstrating trust in the Sui ecosystem’s DeFi capabilities. is increasing day by day.
The rapid development of the Sui network and the potential launch of the Suilend token heralds additional opportunities for innovation and growth in the Sui ecosystem. As more projects and assets migrate to Sui, we can expect Sui to play a greater role in the DeFi space.
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$SUI Brothers and sisters, SUI Long Position
Stop loss location: 1.7756
Leverage 1x,
Take profit 50% reduce position 50%,
The software has an accuracy rate of over 85% on the long side,
The current price of 4.8410 is the best opportunity to enter

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$SUI
The Sui ecological lending platform Suilend has indeed issued a statement announcing that, with the approach of SEND TGE (Token Generation Event), grants will be provided to selected ecosystem projects and communities. Among them, Rootlets will become the first project to receive SEND airdrop allocation. Rootlets is an NFT series launched by Rooter, the founder of Suiend. This indicates that Suilend is actively promoting the distribution of its token SEND and the development of the ecosystem by providing funding support to important projects and communities to facilitate the growth and collaboration of the Sui ecosystem.
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$SUI
DEEP, the native token of the Sui ecosystem DeFi platform DeepBook Protocol, has indeed seen a significant price increase. According to Coingekco data, the price of DEEP increased by 47.5% within 24 hours, reaching a maximum of $0.05, and is currently quoted at $0.04896. This increase reflects the market’s positive expectations and confidence in DeepBook Protocol.
DeepBook Protocol is a decentralized central limit order book (CLOB) built on the Sui blockchain, leveraging Sui's parallel execution capabilities and low transaction fees to provide a high-performance, low-latency on-chain trading experience. DeepBook's order book architecture is designed to provide deep liquidity services for institutional traders and DeFi protocols, while bringing better price execution and control capabilities to liquidity providers and traders.
In addition, DeepBook also announced the distribution plan of its token DEEP. DBClaimNFT holders can apply for their token distribution through the official website, which further promoted the attention and demand for DEEP tokens. With the launch and integration of DeepBook V3, DeepBook is expected to further enhance its trading capabilities, providing traders with optimal prices and greater capital efficiency.
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Some problems and advantages about SUI (Sui Network)

Problems

Lack of originality: There are indeed a large number of "Ctrl+C" projects on SUI, which simply copy and migrate the project code on EVM (Ethereum Virtual Machine) to SUI. This lack of originality is obviously difficult to attract new users in 2024. In a field full of innovation and change such as blockchain, originality is the key to whether a project can stand out.

Short-sightedness of project parties: Some project parties on SUI have a "make a profit and run" mentality. They are often indifferent to the interests of users, such as the stingy behavior of the previous airdrop of the Scallop project. This short-sighted behavior not only harms the interests of users, but also seriously affects the overall ecology of SUI.

Weak English community: Compared with other competitors such as SOL, SUI's English community is relatively weak. In today's increasingly globalized world, a strong English community is crucial to attracting international users and enhancing project visibility.

Freeloading phenomenon: The freeloading phenomenon on SUI, such as staking USDT to obtain high returns, has caused the price of SUI to be impacted. This unfair way of distributing benefits not only harms the interests of long-term holders, but also weakens the economic model of SUI.

Advantages

Of course, SUI also has its unique advantages and strengths:

User-first: SUI officials are very friendly and sincere to users, and they are willing to invest real money to attract users and subsidize projects. This user-first philosophy makes SUI stand out in the highly competitive blockchain market.
High performance: SUI's high performance is another significant advantage. Although high performance is not the only highlight in the current market environment, SUI's high performance ensures the rapid execution of transactions and the stable operation of the network.

In summary, SUI has great development potential and opportunities while facing challenges. By strengthening originality incentives, strengthening project supervision, expanding the English community, and optimizing economic models, SUI is expected to achieve greater breakthroughs and development in the future.
Looking forward to the future performance of the sui project
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$SUI siblings SUI long position
Stop loss position: 2.9681
Leverage 2x,
Take profit 50% reduce position 50%,
The software has an accuracy of over 85% on the bullish side,
The current price of 4.6326 is the best opportunity to enter

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