SUI Public Chain: From High-Performance L1 to Programmability Internet Infrastructure

With the evolution of the Web3 technology stack, smart contract languages are migrating from Ethereum's Solidity to the more secure and resource-abstracting Move language. Move was originally developed by Meta for the Diem project and features first-class resources and formal verification friendliness, making it an important language choice for the new generation of public blockchains.

In this context, Aptos and SUI have become the dual core representatives of the Move ecosystem. Aptos continues the native Move tech stack, emphasizing stability and security; SUI, on the other hand, introduces object-oriented data structures and parallel execution mechanisms based on Move, reconstructing on-chain resource management and transaction execution models. SUI not only pursues high performance but also rewrites the way blockchain operates, providing a technical foundation for complex interactions and large-scale Web3 applications.

1. Break through the encirclement and reshape the public chain landscape

Compared to public chains like Solana, Aptos, and Sei, SUI has distinct characteristics in terms of technical architecture, ecosystem development, and market positioning.

• Compared to Solana, SUI adopts the more secure Move language, avoiding parallel execution vulnerabilities and has lower hardware requirements. SUI differentiates itself in new fields such as BTCFi and may coexist with Solana in the future, each with its own focus.

• Compared to the same-origin Aptos, the SUI object model is more efficient, the ecological development is faster, and the activity level of users and developers is higher. The market currently has a more optimistic outlook on the development prospects of SUI.

• Compared to Sei, which focuses on trading, SUI takes the general L1 route, supporting a variety of applications and demonstrating stronger risk resistance.

• Compared to Ethereum L2, SUI has advantages in ultra-low latency and high concurrency, making it more suitable for high TPS games and other applications. The two may coexist in the long term, while in the short term, it depends on who can better meet the application needs.

2. Striding Ahead, Ecological Data Shines

Since the SUI mainnet went live in May 2023, user growth has been rapid:

• By April 2025, over 123 million user addresses have been created on-chain.
• From February 2025, the number of monthly active addresses steadily exceeded 40 million.
• By the end of 2024, the average daily new wallet addresses will reach over 1 million.

In terms of capital inflow:

• As of November 2024, approximately $944.8 million in funds have been bridged into SUI.
• By mid-2025, the total locked amount of cross-chain is (, and the bridged TVL ) is approximately $2.55 billion.
• In mid-April 2025, the market value of the SUI stablecoin reached a historic high of over 800 million US dollars.

Although SUI lags behind Solana in terms of throughput, it has fully covered high-frequency scenarios such as on-chain order book DEX, real-time PvP games, and social interactions. Quick finality and DAG parallel execution also make it very suitable for applications like micropayments and in-game asset exchanges.

Ecological data shows outstanding performance:

• TVL is approximately 160-180 million USD, of which 55% is stablecoins and LSD.
• The institutional holding ratio increased from 6% to 14% within six months.
• Developer 24-month survival rate is 37%, higher than other public chains during the same period.
• DeFi accounts for 49% of on-chain calls, and content applications account for 35%.
• BTCFi locked amount surpasses 1000 BTC, accounting for 10% of total TVL.

3. Forward-looking Layout, Key Ecological Forces Promote Development

The rapid rise of the SUI ecosystem cannot be separated from the catalysis of strategic capital. OKX Ventures, as an early discoverer and co-builder, strategically invested in several core projects when the SUI ecosystem was still in its infancy.

• Momentum: An innovative DEX, trading volume rapidly surpasses 1 billion USD.
• Haedal: Leading liquidity staking protocol, TVL exceeds 200 million USD
• Cetus: A DEX that supports multiple liquidity algorithms, with a daily trading peak exceeding $300 million.
• Navi: One-stop liquidity protocol, TVL 200 million, over 830,000 users.

OKX Ventures' investments have created a strong ecological synergy, building a self-reinforcing DeFi closed loop. Its industry resources and empowerment have also accelerated project development, promoting the rapid maturity of the SUI ecosystem.

At the same time, the investments made by the SUI Foundation and Mysten Labs at the infrastructure layer have laid a deep competitive barrier for the ecosystem.

• Cumulative financing exceeded $300 million for SUI development
• Focus on the research and development of infrastructure such as Walrus, Seal, Nautilus, etc.
• Encourage application innovation through Grants and hackathons.
• Unique infrastructure enhances ecological stickiness and the capacity to support emerging fields.

4. Value Positioning, from "Fastest L1" to "Programmable Internet Stack"

SUI is transforming from a purely high-performance public chain to building the Programmability foundation for the next generation of the internet:

• Integrate computing power, storage, identity, liquidity, privacy computing, and more into the same native protocol stack.
• The six components ( Mainnet, DeepBook, SuiNS, Walrus, Seal, Nautilus ) operate on either the mainnet or the testnet.

This infrastructure has entered the production stage, bringing multiple growth directions:

• Web2 SaaS Migration: Non-financial interactions have accounted for 42% of mainnet calls, but only contributed 11% of transaction fees.
• Offline networks and extreme scenarios: testing non-IP networks, targeting weak network scenario requirements.
• AI Verifiable: Focus on on-chain auditability of AI weights, inference logs, and data sources.

In terms of technological progress, SUI continues to improve:

• The protocol supports dynamic version control and hot updates.
• The Mysticeti consensus engine achieves sub-second finality and 12,000 TPS.
• The Move language introduces new features to enhance development efficiency.
• Deep integration with mainstream wallets to optimize user experience

In terms of ecological components, SUI has built a full-stack architecture covering storage, encryption, and privacy computing:

• Walrus provides low-cost high-concurrency storage
• Seal implements on-chain privacy and digital rights management
• Nautilus supports verifiable off-chain computation
• A variety of middleware and development tools make up the "decentralized full stack"

In terms of security governance, SUI demonstrates rapid response capability, effectively addressing crises through on-chain governance and compensation mechanisms, and continuously improving security and governance mechanisms.

Overall, SUI is transitioning from "the fastest L1" to a higher positioning of "programmable internet stack," building a universal infrastructure for the large-scale landing of Web3.