$SUI

Why is Sui so powerful?

In Sui's ecosystem, DeFi mining has been ongoing for over half a year, and there is strong recognition of Sui. Unfortunately, I did not accumulate a large position. I believe Sui has the following outstanding points:

1. Subsidizing real users

As we all know, public chains are extremely saturated, almost to the point where even dogs are dissatisfied. Most public chains, led by the four major ones: arb, op, strk, zk, have become a benefit for yield farmers. During the testnet phase, they frantically distributed tokens, but once the mainnet launched, they became stingy. When I was mining in DeFi, I looked for these new chains and found that apart from Sui, the APR on other chains is very low, mainly due to the lack of main chain token subsidies. Relying solely on transaction fees, it's impossible to have a high APR, which leads to no one participating in DeFi, resulting in low TVL and thus no ecosystem. For example, on the Strk chain, aside from Strk and some worthless tokens, the real value tokens, such as BTC, ETH, USDT, USDC, etc., have a TVL of less than 1 million. In contrast, Sui did not reward yield farmers during the testnet, and the ARP in DeFi is primarily supported by Sui tokens, attracting a large number of real users and funds, thus increasing TVL and providing support for the token's price.

2. Actively introducing major projects

Sui has established TVL and a preliminary ecosystem, but the project team is not complacent; instead, they are actively introducing major projects, such as Ondo's US Treasury USDY. Sui chain is one of the earliest chains for native token issuance. In September, they also introduced native USDC.