The Value Elevation and Development Logic of the SUI Public Chain

Recently, the Web3 technology stack has been continuously evolving, with smart contract languages gradually migrating from Solidity to the Move language. The Move language features first-class resources and is friendly for formal verification, making it an important choice for the underlying architecture of the new generation of public chains. Against this backdrop, Aptos and SUI have become the dual core representatives of the Move ecosystem.

SUI is built by Mysten Labs, inheriting the Move security model while introducing object-oriented data structures and parallel execution mechanisms, resulting in a SUI Move branch with enhanced performance breakthroughs and innovative development paradigms. SUI reconstructs on-chain resource management and transaction execution models, serving as a technological foundation for complex on-chain interactions and large-scale Web3 applications.

1. The Ecological Advantages of SUI

Compared to Solana, SUI adopts the more secure Move language, avoiding vulnerabilities caused by parallel execution. SUI has lower hardware requirements, which is beneficial for decentralization. In terms of performance, both are comparable, but SUI has lower confirmation latency. In terms of ecosystem, SUI is growing faster, achieving differentiation through new areas such as BTCFi and LSD.

Compared to Aptos, SUI's object model is more efficient. SUI attempts a multi-narrative approach, has rapid user growth, and significant support from the foundation. Currently, the market is more optimistic about SUI's development prospects.

Compared to specialized trading chains like Sei, SUI takes the general L1 route, supporting a variety of applications and exhibiting stronger risk resistance. In contrast to Ethereum L2, SUI has advantages in ultra-low latency and high concurrency, making it more suitable for high TPS gaming and similar applications.

2. SUI Ecosystem Data Shines

Since the mainnet went live in May 2023, SUI users have grown rapidly. By April 2025, over 123 million user addresses have been created on-chain. Starting from February 2025, the monthly active addresses have exceeded 40 million.

In terms of capital inflow, by mid-2025, the total locked amount of SUI cross-chain is approximately $2.55 billion. In mid-April 2025, the market value of SUI ecological stablecoins reached a historical high of over $800 million.

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

The current SUI ecosystem presents the following characteristics:

1. The resilience of the capital structure is formed, with a steady state TVL of approximately 160-180 million USD.
2. The developer retention rate is higher than that of peer public chains.
3. User structure bifurcation ( DeFi + content entertainment ) drives diversified on-chain interactions.
4. RWA and native derivatives both have growth potential.

3. The Key Forces of Ecological Construction

OKX Ventures, as one of the earliest discoverers and strategic co-builders of the SUI ecosystem, has invested in core projects such as Cetus, Navi, Momentum, and Haedal. These projects cover key DeFi sectors including DEX, lending, and liquid staking, laying the foundation for the SUI financial ecosystem.

The investment by the SUI Foundation and Mysten Labs at the infrastructure layer has laid a deep competitive barrier for the ecosystem. Mysten has raised over $300 million for SUI development from 2023 to 2024, with a focus on the research and development of "thick infrastructure" such as Walrus, Seal, and Nautilus.

4. The Value Positioning Upgrade of SUI

SUI is transitioning from a "high-performance parallel chain" to a "programmable internet stack." The team aims to integrate traditional internet components into the same native protocol stack, allowing each layer to be accessed and used by external applications.

Currently, the SUI infrastructure has entered the production phase, including the Mysticeti consensus engine, DeepBook public matching layer, SuiNS identity layer, Walrus storage layer, Seal secret management service, and Nautilus verifiable computation.

Based on these capabilities, SUI has opened up multiple growth directions:

1. Web2 SaaS Migration
2. Offline Networks and Extreme Scenario Applications
3. AI Verifiability Exploration

In terms of technological progress, SUI continues to improve every aspect from foundational consensus to user tools. The ecological concept emphasizes decentralization, composability, and true ownership, and is committed to building a universal infrastructure that serves the scalable implementation of Web3.

In terms of security governance, SUI demonstrates rapid response capabilities, coordinating the handling of security incidents through on-chain governance mechanisms and continuously optimizing governance processes.

Overall, SUI is shifting from the narrative of being the "fastest L1" high-performance chain to a higher positioning of a "programmable internet stack", providing comprehensive infrastructure support for the large-scale application of Web3.