Written by: Alex Liu, Foresight News
The Sui blockchain is developed by Mysten Labs. The Mysten Labs team consists of former employees from Facebook (Meta), Apple, and Microsoft, including:
CEO: Evan Cheng
CTO: Sam Blackshear, the creator of the Move language
CPO: Adeniyi Abiodun, the most active Sui co-founder on social platforms
Chief Cryptographer: Kostas Chalkias
Chief Scientist: George Danezis
Mysten Labs aims to build the "internet of tomorrow," and the Sui blockchain is their core product. In addition to the blockchain, they have also built other protocols, such as the Deepbook decentralized order book protocol, which surged 7-fold in its first week, and other tools for institutions and users.
With such a strong wealth effect, let's take a closer look at these products!
First, there's the Sui blockchain, which we won't go into further detail about. Next, let's talk about Deepbook.
Deepbook
Deepbook is a centralized order book protocol aimed at improving DeFi transaction efficiency and serving as the liquidity layer for Sui. Its key features include:
High throughput: Based on the Sui network, Deepbook can process thousands of transactions per second, enabling fast transactions.
Order matching: Supports advanced matching algorithms to achieve optimal trade execution, reduce slippage, and improve liquidity.
Transparency and security: Ensures all transactions are on-chain, promoting trust and accountability within the ecosystem.
Composable DeFi: Integrates with other DeFi protocols, fostering innovation and expanding user choices. Sui ecosystem's most commonly used aggregators, such as Hop, Aftermath, Cetus, and 7K, have all integrated with Deepbook.
Deepbook just launched its v3 version with the token release, and the protocol's adoption is still in the early stages, with trading volume clearly lower than mainstream Sui DEXs like Cetus. However, the DEEP token's fully diluted valuation (FDV) has reached over $900 million, surpassing the combined FDV of the aforementioned DEXs and on par with the currently high-profile Scroll, a testament to the "Mysten Labs team" factor.
Enoki
Enoki is an enterprise-focused platform that aims to enhance customer engagement through Web3 technology. Its key features include:
Personalized interactions: Leverages blockchain to provide customized experiences for customers.
Seamless integration: Easily integrates with existing systems, allowing enterprises to enhance customer experiences without major changes.
Data ownership: Empowers customers to control their own data, helping enterprises build trust and loyalty.
Innovative features: Utilizes decentralized tools for loyalty programs, rewards, and community-building activities.
For more details, we recommend reading: Enoki: Sui's Enterprise Adoption Breakthrough, Enabling "Massive Adoption"? Mysten Labs, the Sui development company, has launched Enoki - a SaaS platform that helps enterprises seamlessly integrate blockchain.
Kiosk
Kiosk is a decentralized system that serves business applications on Sui, with features including:
Shared ownership: Kiosk objects are owned by multiple parties, allowing them to store assets and list them for sale. Ownership remains with the seller until a purchase occurs.
Customizable transactions: Supports various transaction options, including auctions, enabling creators to flexibly design their sales processes.
Customizable policies: Creators can set rules for each transaction, such as royalties or specific actions required during the transaction.
Kiosk is natively integrated into the Sui framework, making it accessible to all developers who want to enhance their business applications.
SuiPlay
SuiPlay0X1 is the first Web3-integrated gaming handheld, which has received strong promotion from the Sui founding team. It is currently in the pre-sale stage and is expected to ship in the first half of next year.
Additionally, the Sui ecosystem's OG meme coin FUD has announced an airdrop for the first batch of SuiPlay0X1 devices, and the official page also mentions "exclusive rewards."
What other features does the device have, and what are the specifications? Is it worth buying? We recommend reading: Is the $599 SuiPlay Gaming Handheld Worth Buying?
SuiNS
SuiNS is the digital identity protocol on Sui, allowing you to link avatars to domains and create IPFS websites. Additionally, SuiNS uses the @ symbol instead of the traditional .sui Web3 domain format, such as @google instead of google.sui, to simplify user understanding and promote the adoption of subdomains, where companies like Google can distribute user1@google, user2@google, etc.
SuiNS has airdropped claim NFTs to domain holders, which can be redeemed for tokens during the TGE. If you are eligible, you will see the above prompt in your Sui Wallet. Given the high valuation of Deepbook, the price of the NS token also has significant potential.
If you took action based on the information provided in the article in April, you could have obtained tens of thousands of tokens. (Review article: With the Conference Approaching, Rumors Abound, Sui Ecosystem Enters a New Airdrop Season?)
Walrus
The decentralized storage network Arweave has launched the AO computation layer, successfully driving a resurgence in the AR token price, ecosystem, and hype.
As a general-purpose computation chain, Sui is launching the decentralized storage network Walrus - what kind of waves will this create?
For more details, we recommend reading: Interpreting Walrus, Sui's New Decentralized Storage Solution (Produced by the Sui development team, an independent PoS chain, a new governance token WAL, and potential airdrop opportunities).
