SUI: On-chain TVL doubles, good news continues, well-known traders continue to be bullish

Sui is a permissionless Layer1, designed from the ground up to enable creators and developers to build experiences that meet the next billion users in Web3, with horizontal scalability that can support a wide range of application development at unparalleled speed and low cost.

 

Project highlights:

 

1. It has many native advantages. It uses the Move language and PoS consensus, has the advantages of instant settlement and high throughput, a wide range of on-chain asset support types, and excellent user experience, etc. The user's cost of use is lower and the efficiency is higher.

 

2. The team is improving and continuously innovating. They are still actively working after the issuance of the coin. Recently, they integrated a consensus algorithm based on DAG, reducing the consensus time by 80%. They also launched the Sui Bridge testnet.

 

Market funds are paying attention, and the annual TVL continues to grow. The total locked value on the chain has increased from $210 million on January 1st this year to $476 million currently.

 

News updates:

 

July 26: Sui announces mainnet integration of DAG-based consensus algorithm Mysticeti, testnet consensus time reduced by 80%.

 

Mysticeti is a new milestone in DAG-based consensus algorithms, which not only decouples latency and throughput, but also maintains extremely high throughput in the event of network and node failures.

 

Its main advantages include: the minimum number of rounds required to complete the submission, increased throughput without increasing latency, and earlier submission of transactions.

 

July 23: The Sui Foundation announced the integration of Amazon Web Service (AWS) blockchain node runners on Sui, providing developers with self-managed node deployment solutions.

 

Through this integration, builders on Sui will be able to set up and deploy Sui full nodes in the AWS environment, simplifying the process of running blockchain nodes and enabling users to easily deploy, scale, manage, and monitor secure blockchain nodes.

 

June 12: The Sui Foundation announces that the Sui Bridge testnet is now live with an incentive program.

 

Sui Bridge is a native bridge built for cross-chain assets and data between Sui, which can cross-chain ETH, wBTC, USDC, and USDT between Ethereum and Sui.

 

Kols viewpoint:

 

CryptoBullet, a well-known trader in the English region, stated on social media on July 17th that it is currently an excellent time to accumulate SUI and publicly announced its macro targets of 5.7U-10.8U-20U.

 

On July 27th, he bluntly stated that "$SUI token economics is terrible" is a joke! Please stop and compare $SUI with $NEAR in detail, stating that the $NEAR supply has more than doubled in 1 year (2021), but still achieved a 37-fold growth! By August 2025, the $SUI supply has only increased by 40% (2.50 billion - > 3.50 billion), which should not be called bad token economics.

Trader MartyParty stated on July 22nd that cumulative buying can be done when the SUI token price is below $2, and a legend analysis can be made.

 

IV. Summary

 

As a well-known Layer1, Sui's technological advantages such as scalability, instant settlement, and high throughput have made it outstanding in the market. Recently, the integration of DAG-based consensus algorithms and cooperation with Amazon Web Service have further improved network performance and developer friendliness. Market funds continue to flow in, and the total locked value on the chain has significantly increased, showing strong market attention. Well-known traders have a positive attitude towards SUI tokens, believing that now is the best time to accumulate SUI. These factors together indicate that Sui has a strong expectation of rising in the future.