Franklin

Source

Solana

The Sui blockchain ecosystem has experienced significant growth in recent months, and its native Sui (<a data-ct-non-breakable="null" href="https://cointelegraph.com/sui-price-index" rel="null" target="null" text="null" title="null">SUI</a>) token has seen a sustained rally alongside it. In an interview with Cointelegraph, Ramani Ramachandran, co-founder and CEO of Router Protocol, said this was due to a great developer experience and community in the Sui ecosystem.
Ramachandran said that Sui manages to combine the easy-to-use Move programming language with a simplified interface for end consumers, making the blockchain ecosystem attractive to developers. The CEO told Cointelegraph:
<blockquote>
 “The interesting thing about Sui was the founders are not as visible, but they are doing something right because developers are talking about them. A ton of developers are talking about how Sui is great — Sui is amazing.”
</blockquote>
Ramachandran continued, “The community and vibes have been great,” and praised the Sui developer community as a sustainable ecosystem, positioning it as a counter to other alternative layer-1 projects that flounder following a token generation event.
<figure>
 <img alt="Solana, SUI" src="https://s3.cointelegraph.com/uploads/2024-11/019355c2-9ed5-72a2-9b54-36d1137e90b7" title="">
 <figcaption style="text-align: center;">
 A recent survey from MV Capital shows investor interest in Sui. Source MV Capital/Router Protocol
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sui-down-no-blocks-produced-1-hour" rel="null" target="null" text="null" title="null">Sui Network restored after 2-hour outage in setback for ‘Solana killer’</a>
<h2 id="monolithic-blockchains-gain-ground">Monolithic blockchains gain ground</h2>
An October report from VanEck showed that monolithic blockchains such as Sui and Solana <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/monolithic-blockchains-outperformed-september-vaneck" rel="null" target="null" text="null" title="null">outperformed other ecosystems</a> during September.
Sui experienced a 140% gain in daily active addresses during September. This increased network activity drove demand for the SUI token and culminated in its current market capitalization of $9.9 billion.
Earlier in 2024, K33 Research released a report highlighting <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sui-could-be-solana-fiercest-competitor-k33-research" rel="null" target="null" text="null" title="null">Sui’s potential as a Solana competitor</a>. This report likewise highlighted Sui’s architecture as a key factor that makes the blockchain attractive, compared with other layer-1 blockchains featuring more complex programming languages and developer tools.
On Nov. 22, asset manager Franklin Templeton partnered with Sui to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sui-franklin-templeton-ecosystem-partnership" rel="null" target="null" text="null" title="null">explore application development</a> on the move-based blockchain ecosystem.
Because of Sui’s high throughput — the ability to process a large number of transactions per second — and low latency, the Sui network is attractive for applications that require frequent updates, such as video games.
Mysten Labs, the developer behind the Sui blockchain network, has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/mysten-labs-web3-handheld-gaming-device-launch-2025" rel="null" target="null" text="null" title="null">announced a handheld gaming PC</a> expected to launch sometime in 2025, which will be optimized for blockchain and traditional PC games.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/blockchains-gaming-sandbox-latency-sui-web3-gamer/" rel="null" target="null" text="null" title="null">Are there ‘too many’ blockchains for gaming? Sui’s randomness feature: Web3 Gamer</a>

Sui is growing due to great developer experience — Router CEO

Table of Contents

Cointelegraph

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