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Sui Network Showcases Technical Excellence and Strategic Partnerships

Aug 15, 2024
  1. Sui Network's Technical Achievements
  2. Sui Network's Strategic Partnerships
  3. Developments in Blockchain Gaming

Sui Network has attracted attention with its high technical performance and strategic collaborations, establishing itself as a leader among Layer 1 blockchains.

Sui Network's Technical Achievements

Sui Network showcases the ability to process an impressive 297,000 transactions per second (TPS) and achieves transaction finality in 390 milliseconds. These metrics highlight its technological superiority in the blockchain environment. For comparison, a video juxtaposing transactions on Jupiter (Solana) and KriyaDEX (Sui) showed Sui completing a transaction in 0.73 seconds, while Solana took 4.45 seconds. This highlights Sui's superior transaction speed by approximately six times.

Sui Network's Strategic Partnerships

In 2024, Sui Network entered into significant agreements with major players like BytePlus, a subsidiary of TikTok, and Asian cloud providers Tencent Cloud and Alibaba Cloud. These partnerships facilitate Sui's expansion and adoption in the Asian market. Additionally, Grayscale, a renowned digital asset management company, established a specialized SUI fund, further strengthening Sui's position in the blockchain market.

Developments in Blockchain Gaming

Sui Network is actively expanding its influence in the blockchain gaming industry. A notable development is its work on PLAYTRON, the first portable device with native Web3 gaming capabilities that can run both Web2 and Web3 projects. This solidifies Sui Network's stand in the rapidly growing blockchain gaming sector.

With fast transaction speeds, low fees, significant partnerships, and innovative developments, Sui Network emerges as one of the most promising blockchain platforms.

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