France August Services PMI Final

The Sui Blockchain has recently performed strongly, with a market capitalization ranking in the top 20 and a TVL exceeding $1 billion. The project has attracted a large number of developers, rapidly expanding its ecosystem to support Decentralized Finance, Wallets, games, and other fields. At the same time, the Sui team has a strong technical background but also faces market competition and challenges in ecosystem development.

Recently, the SUI public chain has risen rapidly, with multiple popular ecological projects such as Cetus, NAVI, and Scallop performing outstandingly, driving a significant rise in token prices. Meme coins are also continuously emerging, creating a unique wealth effect. The market's follow on SUI continues to increase.

Steadfast faith after the security crisis: Why does SUI still have long-term rise potential? TL;DR 1. The Cetus vulnerability originates from the contract implementation, not from SUI or the Move language itself: The essence of this attack lies in the lack of boundary checks in the arithmetic functions of the Cetus protocol------a logical vulnerability caused by overly wide masks and shift overflows, which is unrelated to the resource security model of the SUI chain or the Move language. The vulnerability can be fixed with "a single line of boundary check" and does not impact the core security of the entire ecosystem. 2. The "reasonable centralization" in the SUI mechanism reveals its value in a crisis: Although SUI has a slight tendency towards centralization with features like DPoS validator rounds and blacklist freezing, this has proven useful in responding to the CETUS incident: validators quickly synchronized malicious addresses to Deny.

The Sui ecosystem has recently achieved rapid growth, with a market capitalization entering the top 20. The project was created by a former Facebook team, with technical advantages including efficient asset management and privacy protection. Despite facing challenges such as competition and insufficient applications, Sui demonstrates strong vitality in areas like DeFi, gaming, and meme tokens.

Recently, the PFP NFT market has encountered a crisis. Gameta provides NFT application scenarios for ordinary users through hyper-casual games, which is expected to lead a new trend. It focuses on "Commoner's Bored Ape" to drop the user threshold, promote the popularization of Web3 and NFTs, and may create new opportunities for the development of NFTs.