30s Summary

The Sui blockchain and its native Sui (SUI) token have seen robust growth and performance recently due to its straightforward developer setup and supportive community. Sui’s simplicity, ease of use and sustainable growth have set it apart from other blockchain projects. Asset manager Franklin Templeton recently partnered with Sui to develop applications on the blockchain. Furthermore, Mysten Labs, which developed Sui’s blockchain network, announced plans to launch a handheld gaming PC in 2025 compatible with both blockchain and regular PC games.

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The Sui blockchain has been kicking butt lately, with a whole bunch of growth and a really strong showing for its native Sui (SUI) token. Ramani Ramachandran, who co-founded Router Protocol and heads it up as CEO, reckons this is all thanks to a super helpful developer setup and a banging Sui community.

Sui really nails it by mixing an easy-to-use programming language called Move with a super simple interface that the average person can actually use. This makes it a big hit with developers who want to work in the blockchain world. Ramachandran told Cointelegraph that even though the founders of Sui aren’t always in the spotlight, they’re clearly doing something right. Devs can’t stop talking about how cool Sui is.

He also said the Sui community is really supportive and fun, making Sui way more sustainable than other blockchain projects that start strong but fade away after their token generation event.

Sui and other blockchains like it (like Solana) were the darlings of September, performing better than other blockchain ecosystems, according to a report from VanEck. In just September, Sui raked in 140% more daily active addresses, which really drove up the demand for the SUI token. This meant Sui’s market capital announced its $9.9-billion status.

An earlier report from K33 Research tipped Sui as a contender against Solana. It said that Sui’s makeup is a big win compared to other layer-1 blockchains that use really tricky programming languages and developer tools.

In a really cool move, asset manager Franklin Templeton partnered with Sui last month to see how they can develop applications on Sui’s blockchain ecosystem.

Because Sui can handle a ton of transactions per second and doesn’t wait around (low latency), it could be a huge hit for applications that need constant updates, like video games.

And to make things even crazier, Mysten Labs, who developed Sui’s blockchain network, revealed a handheld gaming PC that’s due to launch in 2025. It’ll be suited to both blockchain and regular PC games. Watch this space!