Sui is developing rapidly, with its ecosystem's total locked value (TVL) exceeding $1 billion, and the highest single-day transaction volume reaching 117 million transactions this month. Additionally, the Sui network has over 1.67 million active addresses, with a cumulative transaction volume exceeding 2 billion, and the SUI ecosystem is continuously gaining momentum.
Recently, OKX Ventures successfully hosted a Twitter Space event themed "The Future and Impact of the SUI Ecosystem," aiming to explore the development potential, technological innovations, and industry applications of the SUI ecosystem. The discussion brought together several core participants in the SUI ecosystem, including representatives from SuiNetwork, Navi Protocol, Cetus Protocol, and Haedal Protocol.
Cyn, the Asia-Pacific Ecosystem Lead of SuiNetwork
Tony, the Chinese Ambassador of Navi Protocol
Pika, the Growth Lead of Cetus Protocol
Luke, the Co-founder of Haedal Protocol
Cyn, the Asia-Pacific Ecosystem Lead of SuiNetwork: Sui's Global Expansion and Technical Foundation
Cyn detailed SuiNetwork's development strategy in the Asia-Pacific region and shared how the SUI network is bringing more possibilities to the blockchain industry through technological innovations. She pointed out that the SUI network, with its unique programming language Move, has significantly improved developer productivity, especially in dApp development and smart contract deployment. The security and flexibility of Move have made the SUI network one of the preferred platforms for global developers.
Cyn further emphasized the importance of SUI's global expansion plans. SuiNetwork has rapidly driven the development of the developer community and the prosperity of the dApp ecosystem in the Asia-Pacific market through its deep cultivation. In the future, the SUI ecosystem will further accelerate its global expansion and attract more developers and projects to provide momentum for the ecosystem's growth.
Tony, the Chinese Ambassador of Navi Protocol: The Future of Liquidity-Secured Derivative Finance (LSDeFi)
Tony's speech focused on the latest developments in the DeFi field, particularly the application prospects of LSDeFi (Liquidity-Secured Derivative Finance). Tony introduced how Navi Protocol leverages the advantages of liquidity-secured derivative products on the SUI network to drive innovation in the DeFi market. By allowing users to participate in other financial activities while staking their assets, Navi significantly improves asset liquidity and provides users with more earning opportunities.
Tony also revealed that Navi Protocol will continue to strengthen its deep cooperation with the SUI network and promote the concept of decentralized finance in the Chinese-speaking community. They plan to launch more localized educational resources to help users better understand and participate in Navi and its LSDeFi model.
Pika, the Growth Lead of Cetus Protocol: Building Efficient Liquidity for the SUI Ecosystem
As the Growth Lead of Cetus Protocol, Pika detailed how Cetus is driving the development of the SUI DeFi ecosystem by providing efficient liquidity solutions. As an essential component of the decentralized exchange (DEX), Cetus is committed to providing users with low-cost and high-efficiency trading experiences.
He also pointed out that Cetus' upcoming operational focus is to build Cetus into a "super intent gateway," automatically matching the optimal trading path and result based on the user's trading objectives. Cetus has already aggregated all the AMM pools, order books, LST, and yield products in the entire ecosystem, as well as future private pools and customized pools, to provide users with the best feedback results. Cetus' role in the SUI ecosystem is not limited to a trading platform, as it will also develop into the liquidity core of the entire SUI network, providing support for more projects.
Luke, the Co-founder of Haedal Protocol: Innovations in Composability and Security
As the Co-founder of Haedal Protocol, Luke analyzed the advantages of the SUI network in terms of security, composability, and future application scenarios from a technical perspective. He introduced how Haedal maximizes the on-chain value and capital efficiency of SUI through liquidity-secured derivative products, providing a more secure and flexible infrastructure for decentralized finance projects. Luke pointed out that Haedal will continuously optimize its protocol to ensure it maintains a leading technological position in the rapidly evolving blockchain ecosystem.
Furthermore, Luke shared Haedal's future plans, as they are building a series of derivative products around their LSD facilities. He believes that the SUI network, as a highly scalable blockchain platform, can provide developers with more innovative space, enabling smoother collaboration between different projects.
The Future Outlook of the SUI Ecosystem: Innovation and Collaboration
During the interactive session of the Twitter Space, the four guests were unanimously optimistic about the future development of the SUI ecosystem. They believe that as the SUI network continues to expand globally and further demonstrate its technological advantages, the SUI ecosystem will attract more developers and projects, particularly in the areas of DeFi, Non-Fungible Token, and on-chain gaming.
Cyn pointed out that the technical foundation and innovative advantages of the SUI network, especially the application of the Move programming language, will be important factors driving the rapid development of the SUI ecosystem. Tony and Pika also emphasized the necessity of ecosystem collaboration, stating that the future success of the SUI ecosystem will depend on the close cooperation of developers, users, and the community. Luke added that projects like Haedal will strive to provide a more secure infrastructure for the ecosystem, ensuring the seamless integration and collaboration of different applications.
OKX Ventures: Optimistic about the SUI Ecosystem, Will Continue to Increase Investment in Ecosystem Building Projects
OKX Ventures is an early supporter of the SUI ecosystem, having invested in representative projects such as Navi Protocol and Cetus Protocol, and has witnessed the thriving development of the Sui Network ecosystem, with continuous growth in on-chain interaction data.
Through its parallel transaction processing technology, SUI has significantly improved transaction speed and throughput, providing an ideal foundation for complex applications. At the same time, SUI fully leverages the advantages of Move technology, demonstrating the ecosystem's strong potential. Move is a resource-oriented programming language that ensures resources cannot be copied or implicitly destroyed, but can only be moved between storage locations, thereby improving developer productivity and enhancing the security and flexibility of smart contracts and dApps, making SUI a preferred platform for global developers.
In this Twitter Space event, projects such as Navi Protocol, Cetus Protocol, and Haedal Protocol have actively promoted the further development of the SUI ecosystem. Navi Protocol uses Liquidity-Secured Derivative Finance (LSDeFi) to improve asset liquidity, Cetus Protocol focuses on efficient liquidity solutions and has become the core of ecosystem liquidity, while Haedal Protocol is committed to building a secure and flexible infrastructure. These projects not only enrich the functionality of the SUI ecosystem, but also demonstrate the potential for collaboration between different protocols, enhancing the user experience.
OKX Ventures has consistently supported the outstanding entrepreneurial teams in the SUI ecosystem and is focused on the potential of the SUI Network in the global DeFi, Non-Fungible Token, and on-chain gaming ecosystems. We are confident in the future development of SUI and will continue to increase our investment to further strengthen its growth.
