SUI Public Chain: From High Performance to Programmability in Internet Infrastructure

The SUI public chain is shifting from merely pursuing high performance to building a complete Programmability internet infrastructure. Its core advantage lies not only in high throughput but also in providing a complete technology stack that includes computing, storage, identity, liquidity, and privacy computing.

Ecological Prosperity

Since the mainnet launch in May 2023, SUI user growth has been rapid. As of April 2025, over 123 million user addresses have been created on-chain, with monthly active addresses surpassing 40 million. Cross-chain funds continue to flow in, with a total locked amount reaching $2.55 billion. The market capitalization of stablecoins has reached a new high of $800 million, with USDC dominating.

SUI has supported on-chain order book exchanges, real-time PvP games, and other high-frequency scenarios. The future Mahi-Mahi upgrade is expected to increase TPS to the level of 400,000. Low Gas fees are a key advantage of SUI in attracting developers.

Currently, the SUI ecosystem presents the following characteristics:

1. The resilience of the capital structure has increased, with stablecoins and liquid staking accounting for 55%. The institutional holding ratio has doubled to 14% within six months.

2. The developer retention rate is higher than that of public chains during the same period. The object model and native SDK reduce the development threshold.

3. The user structure shows a bimodal distribution between DeFi and content entertainment. In on-chain calls, DeFi accounts for 49%, while content applications account for 35%.

4. BTCFi is rapidly developing, and BTC-related assets have accounted for 10% of the total TVL.

5. There is enormous growth potential in the two major tracks of RWA and native derivatives.

Power of Ecosystem Builders

The SUI Foundation, OKX Ventures, Mysten Labs, and other institutions play a key role in ecological construction. OKX Ventures has strategically invested in core DeFi projects such as Cetus, Navi, Momentum, and Haedal, laying the foundation for the SUI financial ecosystem.

Mysten Labs has made significant investments in the infrastructure layer, developing underlying tools such as Walrus, Seal, and Nautilus, which create unique advantages for SUI. This strategic choice differs from other public chains and helps to enhance developer retention.

Value Positioning Upgrade

SUI is transforming from "the fastest L1" to "Programmable Internet Stack". Its vision is to integrate traditional internet components into a native protocol stack, providing applications with on-demand capabilities.

Currently, SUI has built six major components including the mainnet, DeepBook, SuiNS, Walrus, Seal, and Nautilus, covering areas such as computing, storage, identity, liquidity, and privacy computing. This horizontal combination capability has become SUI's core differentiated advantage.

Based on this infrastructure, SUI has opened up multiple growth directions:

1. Web2 SaaS Migration: A large number of low Gas, high-frequency Web2-type businesses have migrated to the main chain.

2. Offline Networks and Extreme Scenarios: Testing non-IP network support, targeting the needs of weak network environments.

3. AI Verifiable: Focus on providing on-chain auditability of AI weights, inference logs, and data sources.

In terms of technological advancements, SUI continuously improves its protocol upgrade mechanism, consensus engine, development tools, etc. The ecological concept emphasizes decentralization, programmability, and true ownership.

Overall, SUI is transitioning from a single high-performance public chain to building a universal infrastructure for the scaled implementation of Web3. This strategic transformation will bring broader development space and application prospects for SUI.