During the May Day holiday, the cryptocurrency market formed three popular coins, Aidoge, Pepe, and Sui. Now the cryptocurrency circle has different views on these three coins. Sui has been receiving increasing attention recently. Will it continue to rise like ARB and ID after it goes online? Let us wait and see.

The popularity ranking shows that Sui ranks first with 1.31 million popularity, and the top 5 currencies are: Sui (1.28 USD), STX (0.76 USD), LTC (88.07 USD), ARB (1.32 USD), CFX (0.324 USD)

First of all, we need to understand Sui and whether it is worth believing in. The principle of building Sui is to solve the problem that a large number of users can fully control their assets without intermediaries and achieve complete decentralization.

First: Sui is a separate system, in simple terms, it is the Android and Apple systems. It is not compatible with Ethereum, but its transaction system and security factor are not as good as Sui before Ethereum is upgraded. This is one of its advantages. Second: Sui's chain is mainly Web3, which has high scalability. Currently, no one can be more perfect and convenient than Sui in the Web3 field. This is the biggest benefit to Web3. In terms of ecology, its cost, composability and transparency are what most users desire most. Which one can be more perfect and practical, then the market will not be small. This is why many bigwigs in the circle are scrambling to throw rice at Sui. Third: Low handling fee, all its transaction fees are Sui, which is used to reward participants in the proof of equity mechanism to prevent spam and denial attacks. Sui's strategic partners, Coinbase, a16z, Crypto, Binance, etc. are all heavyweight institutions in the circle.

The above is just an introduction to it. Everyone is more concerned about when to enter the market. This sui is worth paying attention to. Before entering the market, you have to wait for the airdrop and unlocking digestion. The market heat is gradually cooling down. Don't rush blindly, learn to wait for opportunities.

Here is a brief summary of the release rules of sui. The total amount is 10 billion, and about 1.1% of the total amount is released each month, which means 110 million more are released each month. In April, 257,532,051 sui were in circulation, and the circulation accounted for 2.58% of the total. In May, 365,064,103 sui were in circulation, and the circulation accounted for 3.65% of the total. In June, 472,596,154 sui were in circulation, and the circulation accounted for 4.73% of the total. In July, 580,128,205 sui were in circulation, and the circulation accounted for 5.80% of the total.

Approximately 110 million coins are released each month.

The public chain sui mainnet was officially launched at 20:00 on May 3, 2023. Sui started at an opening price of $0.01 and soared to $2 within a minute. It soared 200 times in an instant. The difference between Apt and sui is so big. Both are from the Diem team and are also built with the Move language, but in fact, the technical architecture and ecology are different.

Many investors who subscribed to sui on Ouyi have made a lot of money. On average, a retail investor earns more than 60,000 yuan. Many retail investors are thanking Ouyi for letting investors experience the joy of getting a bargain. On May 4, Ouyi said on Twitter that due to trading system problems, the sui order cancellation problem has been completely fixed. The verification of damaged user data has also been basically completed. All customers who cannot cancel their orders and buy sui at a price higher than 1.3 USDT will be compensated. The investors commented that Ouyi has been full of momentum recently, and all its actions show that Ouyi wants to become a cosmic exchange like Binance. We can continue to pay attention to it in the future. Ouyi knows how to please users, make profits for many retail investors, and compensate users in time when there are mistakes. Ouyi Exchange will grow faster and better.

From the perspective of development language, Sui's Move is an object-centric model. Any transaction on Sui blockchain, such as assets, smart contracts, NFTs, etc., changes the owner of the resource, and only needs to update the data once! It will be safer than Aptos chain; in terms of ecological development, although Aptos started early, the current ecology still does not have many highlights!

Many ecological projects on the Sui chain have also been launched simultaneously, covering DeFi, NFT platforms and games, Launchpad, wallets, infrastructure, etc., to meet the needs of ecological users in all aspects at the first time. Sui is an L1 public chain redesigned and built based on first principles, aiming to provide creators and developers with a development platform that can support the next billion users in Web3. Applications on Sui are based on the Move smart contract language and have horizontal scalability, allowing developers to quickly and cost-effectively support a wide range of application development.

The application leaves the transaction fee budget, transaction fee price, and transaction fee currency selection to the wallet, which will provide wallets with greater flexibility, and it is the wallet's responsibility to test run transactions to ensure that transactions do not fail.

On the Sui network information page, you can see the differences in performance and functions between the Sui development network, test network, and main network. There are 98 verification nodes on the main network and two nodes run by Mysten Labs.

In the sui block browser, you can see some basic information of sui, including TPS, distribution of network nodes, block status, price, market value and other information. You can also query address transaction information.

Here, SuiWorld takes Suit wallet as an example. Click the link to enter the official website and select "Connect plugin wallet" to download the plugin. If you are a new user, you need to create a new wallet like using a regular wallet and record the mnemonic to log in.

The sui Token cross-chain bridge is now online, allowing users to cross-chain 22 Wormhole-supported assets directly to the sui network.

Since the Sui mainnet has just been launched, many ecological projects have not yet been launched together, and Sui's initial chips are all distributed in centralized exchanges, not on the chain. Most centralized exchanges have not yet opened withdrawals, which has affected the enthusiasm of users on the chain. However, in terms of the current experience of using on-chain applications, the use effect is still smooth.

In fact, no matter how the public chain Sui develops in the future, the market will be enthusiastic about it. The cryptocurrency market has always been fond of new public chains. Just like the public chains solona and luna during the bull market in 2021. Grapefruit during the bull market in 2017. They have all been hyped. New public chains all regard Ethereum as a target and want to surpass Ethereum. Ethereum has always been imitated and chased, but has never been surpassed. I believe that this public chain Sui will be no exception.