Comprehensive Analysis of the Current Status of the Sui Ecosystem: TVL, Activity Level, and Development Suggestions

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Analysis of the Current Situation of the Sui Ecosystem

Since the mainnet launch of Sui nearly a month ago, as a representative public chain based on the Move language and a highly anticipated Non-EVM Layer 1 public chain, its ecological development has garnered widespread attention. This article will objectively analyze the current ecological status of Sui from multiple perspectives.

On-chain fundamentals

Asset Liquidity

Currently, the TVL on the Sui chain is approximately $19 million, with a peak of $36 million. Among this, DEX Cetus accounts for over 65%, followed by Turbos. More than 60% of the TVL consists of stablecoins.

The trading volume exceeded 32 million USD in 7 days, ranking 20th among all public chains, mainly from Cetus.

From multiple perspectives, observe the current situation of the Sui ecosystem

On-chain activity

The total number of transactions on the 7th was approximately 1.13 million, with a total of over 8.3 million Objects, 22,000 daily active addresses, and 570,000 total active addresses.

Recently, the activity level has shown a downward trend, mainly fluctuating with several important project IDOs and DeFi activities.

Observing the current situation of the Sui ecosystem from multiple perspectives

$SUI liquidity

The circulating supply of $SUI is approximately 528 million, with a staking amount of 7.29 billion. However, the actual on-chain liquidity is insufficient, and most of the circulating supply may still be on centralized exchanges.

Currently, the annualized yield for $SUI staking is less than 6%, lacking appeal for investors. At the same time, there is no LST solution available, which prevents it from being used as collateral to leverage higher returns.

Observing the current state of the Sui ecosystem from multiple perspectives

Cross-Chain Bridge

Currently, only Wormhole is available, supporting cross-chain for 7 chains. Due to technical reasons, stablecoin cross-chain data has not been made public.

Observe the current state of the Sui ecosystem from multiple angles

Ecological Development Situation

main applications

  • DEX: Cetus dominates TVL and trading volume
  • Yield Aggregation: Mole
  • NFT Market: Souffl3, Clutchy
  • NFT Project: Fuddies
  • GameFi: Abyss World

Observing the current state of the Sui ecosystem from multiple perspectives

Infrastructure

Wallet:

  • Browser extension wallets: Sui Wallet, Suiet, Martian, etc.
  • Mobile Wallet: Glass, Bitkeep, OKX

Activity Platform:

  • Port3: Multi-Chain Activity Platform
  • Suia: Sui Native NFT Social Platform

Observing the current state of the Sui ecosystem from multiple angles

Suggestions

  1. Lower the threshold for verification nodes and launch a liquid staking scheme.

  2. Increase the number and types of cross-chain bridges

  3. Support for native stablecoin projects

  4. Accelerate the development and integration of mobile wallets

  5. Improve data visualization, enhance browsers and data analysis tools

  6. Give developers more room for innovation, avoiding excessive centralization.

The Sui ecosystem is still in its early stages, and the infrastructure needs improvement. Through the above measures, on-chain liquidity and activity can be enhanced, attracting more developers and users, and promoting the healthy development of the ecosystem.

Observing the current state of the Sui ecosystem from multiple angles

SUI-5.28%
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BearMarketMonkvip
· 08-18 10:06
The True Meaning of the Thin and Cold World
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TeaTimeTradervip
· 08-18 08:46
sui doesn't work, ah, drink tea
View OriginalReply0
DataOnlookervip
· 08-16 15:58
Is this it? Tsk tsk tsk
View OriginalReply0
CryptoHistoryClassvip
· 08-16 15:49
yet another $luna story in the making... check back in 6 months tbh
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RetiredMinervip
· 08-16 15:39
Thought it would To da moon, just this.
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