Overview of Sui Developer Product Matrix: More than Just a Public Chain

Foresight News
2024-10-24 17:41:14
Collection
Deepbook launches with a 7x surge, SuiNS TGE is imminent, is Walrus also going to issue tokens?

Author: Alex Liu, Foresight News

The Sui public chain is developed by Mysten Labs. Many team members of Mysten Labs are former employees of Facebook (Meta), Apple, and Microsoft, including the founders:

  • CEO: Evan Cheng
  • CTO: Sam Blackshear, the creator of the Move language
  • CPO: Adeniyi Abiodun, the most active co-founder of Sui on social platforms
  • Chief Cryptographer: Kostas Chalkias
  • Chief Scientist: George Danezis

Mysten Labs aims to build "the internet of tomorrow," with the Sui public chain as its core product. In addition to the public chain, they have also developed other protocols, such as airdrops for Sui ecosystem users, the decentralized order book protocol Deepbook, which increased sevenfold in a week, and other tools for institutions and users.

With such a strong wealth effect, let's take a look at the products available!

First, of course, is the Sui public chain, which will not be elaborated on here, followed by Deepbook.

Deepbook

Deepbook is a centralized order book protocol designed to improve trading efficiency in DeFi and serve as the liquidity layer for Sui. Its distinguishing features include:

  • High Throughput: Based on the Sui network, Deepbook can handle thousands of transactions per second, enabling fast trading.
  • Order Matching: Supports advanced matching algorithms for optimal trade execution, reducing slippage and enhancing liquidity.
  • Transparency and Security: Ensures all transactions are on-chain, fostering trust and accountability within the ecosystem.
  • Composable DeFi: Integrates with other DeFi protocols to promote innovation and expand user choices. Popular aggregators in the Sui ecosystem, such as Hop, Aftermath, Cetus, and 7K, are all integrated with Deepbook.

Deepbook just launched its v3 version with the token release, and the protocol's adoption rate is still in its early stages, with trading volume significantly lower than mainstream DEXs like Cetus on Sui. However, its token DEEP reached a maximum FDV of over $900 million after launch, surpassing the combined FDV of the aforementioned DEXs and aligning with the currently trending Scroll, highlighting the significant backing of the "Mysten Labs team."

Enoki

Enoki is a platform aimed at enterprises, designed to enhance customer engagement through Web3 technology. Features include:

  • Personalized Interaction: Utilizing blockchain to provide customized experiences for customers.
  • Seamless Integration: Easily integrates with existing systems, allowing businesses to enhance customer experiences without major changes.
  • Data Ownership: Empowers customers to control their data, fostering trust and loyalty among users.
  • Innovative Features: Utilizes decentralized tools for loyalty programs, rewards, and community-building activities.

Kiosk

Kiosk is a decentralized system serving commercial applications on Sui, featuring:

  • Shared Ownership: Kiosk objects are owned by multiple parties, allowing them to store assets and list them for sale. Ownership remains with the seller until a purchase occurs.
  • Customizable Transaction Features: Supports various transaction options, including auctions, enabling creators to flexibly design their sales processes.
  • Customizable Strategies: Creators can set rules for each transaction, such as royalties or specific actions required during the transaction period.

Kiosk is natively integrated into the Sui framework, available for all developers looking to enhance their business applications.

SuiPlay

SuiPlay0X1 is the first gaming handheld device combining Web3, heavily promoted by the Sui founding team, currently in pre-sale and expected to ship in the first half of next year.

Additionally, the OG meme coin FUD on Sui has announced an airdrop for the first batch of SuiPlay0X1 devices next year, with the official page indicating "exclusive rewards."

SuiNS

SuiNS is a digital identity protocol on Sui, allowing you to link your avatar to a domain name and create an IPFS website. At the same time, SuiNS uses the @ symbol to replace the traditional .sui Web3 domain name format, such as using @google instead of google.sui, simplifying user recognition and promoting the adoption of subdomains, allowing companies like Google to distribute subdomains like user1@google and user2@google after purchasing @google.

SuiNS has airdropped NFT vouchers that can be redeemed for tokens at TGE to domain name holders. If you qualify, you will see the above prompt in your Sui Wallet. With Deepbook's high valuation as a precedent, the price of the NS token is also full of potential.

If you acted on the information provided by the author in April, you could have obtained tens of thousands of tokens at most.

Walrus

The decentralized storage network Arweave launched its computing layer AO, successfully causing a resurgence in the price, ecosystem, and popularity of AR tokens, marking a significant turnaround.

As a general-purpose computing chain, what waves will Sui's decentralized storage network Walrus create?

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