🚨Breaking news! Has another public blockchain chosen to “surrender”?!
⚡DATA Network has officially announced the retirement of its proprietary blockchain and a full migration to the Sui ecosystem! Even more striking, the Sui Foundation is putting up $30 million in real cash to fund the move!
This event reveals some harsh realities about the industry:
1️⃣【The independent-chain narrative is falling apart】: Projects used to build their own blockchains to tell a compelling story, but fragmented liquidity and steep maintenance costs have become fatal weaknesses. “Abandon the chain to stay safe” is becoming the new reality;
2️⃣【Public-chain competition has entered the acquisition era】: Sui is taking an aggressive approach—no more empty talk about concepts. It’s using tens of millions of dollars to tap into a mature ecosystem and aggressively pull in applications and users;
3️⃣【The Matthew effect is accelerating】: In a market where players are competing for a limited pool, capital will flow only to leading ecosystems with ample resources and solid infrastructure. Smaller blockchains will be pushed out even faster.
How far do you think Sui’s “buying an ecosystem with cash” strategy can go? Will this become the norm in a coming wave of public-chain acquisitions? Share your thoughts in the comments!
$SUI $BTC $ETH
#币安广场 #公链竞争 #CryptoMarketWatch
⚡DATA Network has officially announced the retirement of its proprietary blockchain and a full migration to the Sui ecosystem! Even more striking, the Sui Foundation is putting up $30 million in real cash to fund the move!
This event reveals some harsh realities about the industry:
1️⃣【The independent-chain narrative is falling apart】: Projects used to build their own blockchains to tell a compelling story, but fragmented liquidity and steep maintenance costs have become fatal weaknesses. “Abandon the chain to stay safe” is becoming the new reality;
2️⃣【Public-chain competition has entered the acquisition era】: Sui is taking an aggressive approach—no more empty talk about concepts. It’s using tens of millions of dollars to tap into a mature ecosystem and aggressively pull in applications and users;
3️⃣【The Matthew effect is accelerating】: In a market where players are competing for a limited pool, capital will flow only to leading ecosystems with ample resources and solid infrastructure. Smaller blockchains will be pushed out even faster.
How far do you think Sui’s “buying an ecosystem with cash” strategy can go? Will this become the norm in a coming wave of public-chain acquisitions? Share your thoughts in the comments!
$SUI $BTC $ETH
#币安广场 #公链竞争 #CryptoMarketWatch