• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sui Bridge Incentive Program Results: Key Outcomes and Future Directions

user avatar

by Giorgi Kostiuk

2 years ago


  1. Key Program Metrics
  2. Key Learnings and Insights
  3. What’s Next for Sui Bridge

  4. In June, the Sui Bridge incentive program kicked off, inviting the community to test the Sui Bridge Testnet implementation by transferring assets to and from Ethereum Sepolia. The program concluded with over 184,000 transactions, leading to significant improvements in functionality and security.

    Key Program Metrics

    Throughout the incentive program, more than 184,000 transactions were completed, helping to identify and fix bugs, improve features, and enhance overall user experience. Participants in the testing process ensured Sui Bridge met the highest standards of performance and security. Key metrics of the program included:

    * **Transaction Metrics**: * Total transactions: over 184,000 * Inbound transactions: over 127,000 * Outbound transactions: over 57,000 * **Participation Metrics**: * Participated validators: 66 * Unique SUI addresses: over 10,000 * Unique ETH addresses: over 24,000 * Bugs reported: over 100 * Feedback submissions: over 1,100 * **Incentive Metrics**: * Bridge activity using Sui Bridge frontend: * SUI addresses seen on frontend: 9,896 * SUI addresses eligible for rewards: 6,577 * Discord feedback: * SUI addresses eligible for rewards: 1,096 * Total rewards distributed: 98,669 SUI

    Key Learnings and Insights

    The feedback and data gathered from the community have been instrumental in refining Sui Bridge. Several bugs were identified and resolved, including issues like bridging zero amount and frontend performance enhancements. Significant improvements in frontend performance were achieved by using a custom indexer to serve data.

    Additionally, it was noted that the gas cost of bridging assets back to Ethereum is higher than desired due to the number of signature verifications required. A solution to reduce these costs is actively being developed for future releases of Sui Bridge.

    What’s Next for Sui Bridge

    Looking ahead, the upcoming Mainnet launch of Sui Bridge is an exciting development on the horizon. This milestone will bring a secure, cost-effective native bridge to Sui, allowing users to easily transfer assets between Sui and Ethereum. Future plans include ongoing development of Sui Bridge, including support for more assets and integrations with other chains.

    Continuous community engagement will play a crucial role in enhancing Sui Bridge. Stay tuned for more updates on community initiatives, and thank you for being an instrumental part of this journey!

    The Sui Bridge incentive program has achieved significant success, identifying and resolving numerous bugs and enhancing functionality and security. The future of the project includes the Mainnet launch and further development with support for new assets. The community remains a vital part of this process.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Set for Potential Increase

chest

Bitcoin's price is projected to rise, with long-term holders anchoring the market at higher levels.

user avatarRajesh Kumar

Mississippi College School of Law Introduces Mandatory AI Course for First-Year Students

chest

Mississippi College School of Law mandates a course on artificial intelligence for first-year students, reflecting the growing importance of AI in the legal field.

user avatarMiguel Rodriguez

Legal System Faces Challenges with AI Integration Amid Court Rulings

chest

The integration of artificial intelligence in the legal system is facing significant challenges due to recent court rulings, including concerns about the reliability of AI-generated information and the lack of attorney-client privilege for conversations with AI chatbots.

user avatarLuis Flores

Michael Arrington Highlights XRP's Role in Crypto Infrastructure Development

chest

Michael Arrington discusses the limitless potential of the XRP ecosystem and Ripple's role in developing essential infrastructure for the crypto industry.

user avatarArif Mukhtar

New York Takes Legal Action Against Coinbase and Gemini for Gambling Law Violations

chest

New York has filed lawsuits against Coinbase and Gemini for allegedly violating state gambling laws by offering prediction markets.

user avatarMaria Gutierrez

New York AG Letitia James Sues Coinbase and Gemini Over Illegal Gambling

chest

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini for allegedly operating illegal prediction markets without the necessary licenses.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.