📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
SUI market capitalization soars into the TOP 20, ecosystem rapidly expands
Recent Progress and Market Performance of the SUI Project
The SUI token has performed strongly this week, with its market capitalization rising to the top 20. This surge is mainly driven by the following factors:
SUI Project Overview
SUI is a permissionless PoS Layer 1 blockchain created by former Facebook Libra/Diem team members. Its main features include:
Market Performance
SUI has been continuously rising since the fourth quarter of 2023:
SUI Ecosystem
The SUI ecosystem is rapidly expanding, attracting numerous developers and enterprises to join. Major projects include:
DeFi project
Wallet
Game
Meme Token
The Meme tokens on SUI have been performing actively recently, mainly including:
Team Background
The main members of the Mysten Labs team come from Facebook's Novi Research and the Diem project:
Token Economics
Key Events in 2024
Technical Advantages
Prospects and Challenges
Advantages:
Challenge:
The SUI project demonstrates long-term development potential through technological innovation and team strength. However, investors still need to closely monitor its ecological development progress and cautiously assess market risks.