Is SUI Gaining Serious Traction in the Blockchain Space?

19 replies 52 views
0xLaserFull Member
Posts: 252 · Reputation: 641
#1May 31, 2020, 06:14 PM
Sui is looking pretty solid lately. It’s popping up in new regulated products and indexes, making it feel like the chain is finally being recognized. Over $100 million in stablecoins added in just under two weeks, boosting DeFi TVL to $2.6 billion and ranking it 8th among blockchains.
7 Reply Quote Share
0x4lphaFull Member
Posts: 519 · Reputation: 509
#2Jun 1, 2020, 07:05 PM
Not everyone knows, but SUI has always been a strong blockchain. It's becoming a big player for meme coins, right after Ethereum. Not saying meme coins are good or anything, they just get tossed around a lot.
3 Reply Quote Share
0xHashMember
Posts: 431 · Reputation: 210
#3Jun 1, 2020, 10:17 PM
with trendy networks, SUI is definitely on the rise. It’s growing fast and catching the eye of users. If it keeps up this pace, it could outshine some older networks.
5 Reply Quote Share
greg420Full Member
Posts: 87 · Reputation: 572
#4Jun 2, 2020, 03:25 AM
The best part about blockchain tokens? Development and innovation. More projects want to build on chains that show improvement and offer new features, so SUI’s growth isn’t surprising.
2 Reply Quote Share
Posts: 267 · Reputation: 213
#5Jun 3, 2020, 11:40 PM
SUI has always been serious but yeah, the dapps kinda suck. They aimed to be a meme chain but missed the mark. Now they’re focusing on stuff like Walrus, but after the cetus hack, things went downhill. Still, the stablecoin transfers are fast and cheap.
3 Reply Quote Share
omega69Newbie
Posts: 7 · Reputation: 33
#6Jun 4, 2020, 01:06 AM
Sui is on its way to becoming a strong blockchain thanks to fast transactions and low fees. More real projects are coming, plus institutional support. It’s still early compared to giants, but the momentum is real.
1 Reply Quote Share
alt_forkMember
Posts: 228 · Reputation: 236
#7Jun 4, 2020, 02:24 AM
Whoa, you kinda answered your own question there. SUI ranks high on CMC, so it's serious. Talking about Talus, though, I doubt its tech is anything new. Just another AI agent, really. I wouldn’t get my hopes up.
0 Reply Quote Share
chad88Newbie
Posts: 115 · Reputation: 29
#8Jun 4, 2020, 05:29 AM
You’ve got to be kidding with that title. SUI is serious in development, sure there's been hype like with meme tokens. People compare it to Solana, but it ended up more like Aptos. If you’re thinking long-term, $SUI could be a solid pick.
0 Reply Quote Share
0xLaserFull Member
Posts: 252 · Reputation: 641
#9Jun 4, 2020, 06:09 AM
Definitely seeing a lot of stablecoin inflow right now. If it stays that way, that's promising.
0 Reply Quote Share
Posts: 75 · Reputation: 33
#10Jun 4, 2020, 10:24 AM
SUI is finally getting noticed, even big companies are using it and millions in stablecoins are flowing in. That’s pushing DeFi values up into the billions. Talus is just one example, focusing more on AI and infrastructure.
2 Reply Quote Share
max365Newbie
Posts: 234 · Reputation: 20
#11Jun 4, 2020, 12:09 PM
Sui’s gaining traction, and it’s all about community support. They’re building a whole market in no time definitely one of the top networks alongside Ethereum.
4 Reply Quote Share
Posts: 9 · Reputation: 23
#12Jun 5, 2020, 03:43 AM
I really think SUI is committed to its long-term goals. The price isn’t skyrocketing yet, but their growth strategy shows they mean business. This feels like a good entry point.
5 Reply Quote Share
Posts: 267 · Reputation: 213
#13Jun 5, 2020, 04:51 AM
There’s definitely an influx of stablecoins. The peak happened around MMT finance’s TGE, which was supposed to replace cetus after that hack. But MMT turned out to be a letdown, so the tokens dropped.
4 Reply Quote Share
LuckyByteMember
Posts: 142 · Reputation: 58
#14Jun 5, 2020, 09:06 AM
SUI is doing well with mainstream adoption, but I think the price spikes are just hype. The Xiaomi partnership could’ve played a role too. APTOS is a similar tech but is way lower in market cap. Hype does play a big part.
3 Reply Quote Share
shrimpNewbie
Posts: 289 · Reputation: 20
#15Jun 7, 2020, 01:21 AM
SUI was never a joke, but yeah, the token price is a bit much. They’re showing solid utility, and I think it could be one of the best projects in the future. I’m ready to invest when the market calms.
0 Reply Quote Share
gmfrensMember
Posts: 213 · Reputation: 42
#16Jun 7, 2020, 06:44 AM
Been a while since I saw hype around SUI. Even with promising tech, it feels like projects are focusing on Ethereum L2. I might just not be as active on SUI, but it still looks competitive.
2 Reply Quote Share
cipher51Full Member
Posts: 85 · Reputation: 260
#17Jun 7, 2020, 12:17 PM
Some folks in my group see SUI as Solana’s beta. They believe it’ll be better in the future. Patience is key, but they need to create something unique to attract a larger community.
0 Reply Quote Share
bull2011Member
Posts: 116 · Reputation: 125
#18Jun 7, 2020, 02:44 PM
Curious, what makes you think SUI can beat Solana? Their volumes and market caps are way higher. And there’s still a bunch of ecosystems outperforming SUI.
4 Reply Quote Share
0xGasMember
Posts: 292 · Reputation: 52
#19Jun 10, 2020, 12:18 AM
Totally agree! Many crypto communities haven’t realized SUI’s benefits yet. It's one of my holdings too, mainly because of its scalability. It can handle transactions way faster than Ethereum.
2 Reply Quote Share
w1ld5tackFull Member
Posts: 103 · Reputation: 605
#20Jun 10, 2020, 12:53 AM
SUI had a rough start after their TGE. I got in early and even then, the price tanked. But I love how the team kept pushing through. Now, even without holding tokens, I believe they’ve built a solid platform.
4 Reply Quote Share

Related topics