Recap Sui's Ecosystem Development in November and Understand Sui's Recent Growth Journey
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Recap Sui's Ecosystem Development in November and Understand Sui's Recent Growth Journey
Sui has closely followed industry trends and launched a series of ecosystem initiatives.
Navigating Web3 tides with focused insightsNovember was a "recovery period" for Web3, with the industry continuously showing growth trends.
Following closely in step with the industry, Sui has launched a series of ecosystem initiatives. The month-long Quest 3 gaming event successfully concluded with rewards announced; Move and Sui ecosystem hackathons & meetups were held across multiple regions; the Star Navigation Program focused on developer education within the Chinese-speaking community; an NFT Growth Program targeting startups was introduced; and ongoing educational content has been consistently published.
Additionally, the continuous roll-out of grant programs, the RPC 2.0 upgrade, and testing of new features like Sui zkSend have further promoted widespread adoption of Sui and driven ecosystem development!
Below is a recap of Sui’s recent progress:
Latest Network Updates
1. Sui Network Update
In November, the Sui mainnet underwent two major iterative updates. Developers can refer to the network update schedule to stay informed about update frequencies and timelines for devnet, testnet, and mainnet, enabling faster synchronization. As of now, the Sui network has been upgraded to Devnet v1.15.0, Testnet v1.15.0, and Mainnet v1.14.2. For details on recent version upgrades, please read this article.
2. BSCNews Report: Surge in Sui Network Data
Mid-November, BSCNews, a leading blockchain media outlet, released a research report analyzing Sui's strong ecosystem growth over six months since mainnet launch. Notable achievements include: (1) TVL — surpassing $176 million USD; (2) Trading volume — exceeding $100 million USD in the past seven days; (3) On-chain transactions — cumulative total over 2 billion; (4) Daily active addresses — over 17,000. Read more
3. Sui zkSend Enables Direct SUI Transfers via Link
Sending SUI using zkSend is much simpler than copying and pasting wallet addresses followed by authorizing token transfers. Recipients don’t even need a Web3 wallet. After clicking the zkSend link, recipients can choose to create an account via zkLogin, allowing anyone to interact with Sui using existing credentials from services like Google or Twitch. Users are encouraged to try it out! Read more
🌟 zkSend: http://zksend.com
4. Sui Launches RPC 2.0 Beta
To address known issues with the current RPC, Sui is preparing to launch a new RPC service based on GraphQL—Sui RPC 2.0. GraphQL is an open-source data query and manipulation language designed to simplify APIs requiring complex data queries. Users can currently access read-only snapshots of the beta version on both Sui mainnet and testnet. The existing JSON-RPC will remain the primary service until its deprecation at the end of Q1 2024. Read more
5. Sui Explorer Now Supports Verified Move Code Viewing
The Sui Explorer now supports viewing source code for certain packages directly in the interface, including but not limited to: 0x1 | move-stdlib, 0x2 | sui-framework, 0x3 | sui-system, 0xdee9 | deepbook. This new feature enables Sui developers to easily locate, read, understand, and share Move code, streamlining development and auditing processes. Read more
6. Official Partnership Announcement with Space and Time
By connecting to verifiable off-chain data and computation via SQL proofs from Space and Time, zkLogin achieves stronger data-driven capabilities. SQL proofs offer three key advantages for zkLogin: secure and provable private user data management, linking in-app activities with on-chain transactions, and encrypted storage of salts. The development of GraphQL RPC will continue to realize all envisioned functionalities, gradually evolving zkLogin into a more powerful tool. Read more
7. Sui Collaborates with Hub71 to Support Ecosystem Projects
At the end of November, tech incubator Hub71 announced a partnership with Mysten Labs, engaging deeply during Abu Dhabi Finance Week to support new projects building on Sui. Participating teams will receive technical expertise and support from Mysten Labs, as well as mentorship, resources, and global networking opportunities from Hub71, helping them expand their global impact. Read more
8. Sui Academic Research Grant Winners Announced
Nine projects have been selected to receive a total of $225,000 in funding through the Sui Academic Research Grants. Recipients include: Ari Juels — Hybrid Blockchain Gaming; Rabimba Karanjai and Weidong (Larry) Shi; George Giannopoulos; George Filis — Cryptokurtosis; James Hsin-yu Chiang; Hans-Arno Jacobsen; Meng Xu; Taesoo Kim; Petr Musilek. Read more
9. Sui Foundation Announces Seventh Round of Grants
The Sui Foundation is committed to supporting developers, builders, educators, researchers, and other community members advancing and promoting the Sui ecosystem. Its grant programs include Builder Grants, Developer Grants, Education Grants, and Academic Research Grants. To date, nearly 100 projects have successfully received over $5 million in funding. In November, the Sui Foundation announced the seventh round of developer grants, supporting Sui-based ecosystem projects primarily in DeFi, payments, infrastructure, and oracles. View grant list.
Community Activities
Sui places high importance on cultivating its developer ecosystem, launching multiple initiatives to support developers and learners, such as the Star Navigation Program for Chinese-speaking developers, the NFT Growth Program for startups, and consistent publication of educational articles. Additionally, the Quest 3 gamified reward campaign was launched, and Move and Sui ecosystem hackathons & meetups were successfully held worldwide, offering generous prizes to attract more builders to the Sui ecosystem!
1. Quest 3 Concludes, Distributing 5 Million SUI
The final review phase of Quest 3 ended at midnight Beijing time on December 1, with winners announced. With a total prize pool of 5 million SUI, 164,000 participants received rewards. Centered around gaming, the event processed millions of transactions. Thanks to community participation, engagement and interactivity significantly increased. To uphold integrity and fairness, and ensure the long-term health of Quest, five types of violations were clearly defined and disqualified from rewards. Read more
2. Sui Partners with SUMM3R to Launch NFT Growth Program
Sui collaborates with SUMM3R on an NFT Growth Program that offers six weeks of professional support and mentorship from industry experts to foster long-term growth of NFTs in the Sui ecosystem. Graduating teams will each receive $50,000 in funding from the Sui Foundation and gain opportunities to pitch to prominent Web3 venture capital firms and funds. Read more
3. Sui Meetup Thailand Offline Event
Hosted by the Sui Foundation and Contribution DAO, the Sui Meetup Thailand took place in Bangkok from 14:00 to 20:00 local time on November 11. The event brought together various Sui ecosystem projects, Thai and regional Sui communities, supporters, and enthusiasts for networking and discussion. Speakers included team members from KX, Inspex, Cryptomind, and Apetimism! Read more
4. Move & Sui Ecosystem Meetup in Turkey
Web3 professionals from around the world gathered in Istanbul for the annual Devconnect blockchain event, and Move and Sui were proudly represented! The Sui Move Meetup Istanbul edition was successfully held on November 17. Enthusiasts of Move, Sui supporters, forward-thinking investors, blockchain pioneers, active community members, thought leaders, and Web3 fans came together to exchange ideas! Read more
5. MoveFunsDAO Star Navigation Program
The Star Navigation Program is a developer education initiative supported by the Sui Foundation, completely free and dedicated to helping learners "Learn To Earn." It provides a clear learning path with multi-module content covering Explorer & Wallet, Token, On-chain Games, and DeFi, along with tiered milestone rewards (ranging from 10, 20, to 333 SUI, plus iPhone 15), making it highly beginner-friendly! Read more
6. European University Hackathon
On October 21–22, a hackathon co-hosted by the Blockchain Student Association and Sui saw participation from over 100 students across more than 13 European universities. Winners developed projects aimed at attracting new users and bridging the gap between blockchain technology and real-world assets. Award winners: SuiSeal, WabkaDEX, Trustlink, Sui Dutch Auction; Honorable Mentions: DeFraud, LegID. Read more
7. Sui Innovation Projects Win Awards at Unfold Hackathon
Over 2,500 people attended CoinDCX’s comprehensive Web3 event Unfold 2023 in Bangalore, India. Sui was a co-sponsor, and several ecosystem projects won awards. Winning projects under the "City of Coin" theme: Sui-Defi, DegenHive, DAO for A Cause, DeepBook Maxi, OmniPort. Winners under the "Network Effect" theme: Blockto, RetroArc, PlayVerse, ShiSUI Rewards, Hyperland. Read more
8. Sui Participates in Builder DAO Series Events
On November 30, the Sui Foundation was invited to participate in an event hosted by Builder DAO, joining community partners to discuss how Sui connects the future by building a secure, scalable, and creative blockchain ecosystem, exploring its pivotal role in blockchain technology. The event also featured an introduction to Move, a programming language redefining smart contract development, working synergistically with Sui. Discussions explored how Move brings fresh thinking to smart contracts, opening a new chapter in blockchain technology with broader applications. Read more
Educational Content & Tutorials
To help general users quickly grasp knowledge about Sui and the Move language, Sui has released a series of practical articles to facilitate onboarding.
1. Decoding Typus’ Big Vector Functionality
Data structures designed to alleviate limitations of arrays and dynamic fields on Sui. The primary goal of Big Vector is to explore its potential in applications requiring hyper-scalability within a single transaction, while keeping costs minimal. Read more
2. Setting Up the zkLogin Proof Server
Generating ZKPs requires significant computational resources and may be slow on client-side ports; therefore, it's recommended to use a backend server dedicated to ZKP generation. Setup steps mainly involve downloading relevant files, configuring, and running the corresponding program. Interested developers can read the full guide for details.
3. Turbos Finance Offers Efficient Smart Routing
The Turbos team began learning and developing on the Sui devnet in 2022 and launched on mainnet in May this year. As a DEX, Turbos offers swapping, liquidity pools with smart routing, and gamified DeFi features native to Sui. It differentiates itself from other DEXs with a smart routing function focused on the USDC stablecoin. Through its Grand Prix feature, Turbos also strengthens user education and contributes to ecosystem growth. Read more
4. Kiosk Empowers Builders with Asset Rights
Blockchain’s characteristics transform the digital world from value extraction to value creation. Sui was redesigned from the ground up, providing robust infrastructure for building next-generation apps, products, and services. It natively integrates key features that unlock direct ownership and peer-to-peer value transfer—such as dynamic NFTs and Kiosk—without the friction and complexity of legacy blockchain interfaces. Read more
5. Multiple Sui Ecosystem Protocols Launch Liquid Staking
Liquid staking offers Sui DeFi users a way to boost rewards by leveraging staked assets. Liquid staking protocols issue receipt tokens that can be traded or used in liquidity pools. Sui ecosystem projects such as Aftermath, Haedal, and Volo have issued their LSTs, allowing users to earn staking rewards plus additional yields from other DeFi activities! Read more
6. Understanding the Foundations Behind Sui DeFi’s New High
Sui’s network TVL has steadily risen over the past five months, surpassing $160 million in mid-November. More than 20 DeFi protocols on Sui—including DEXs and lending services—are listed on DeFi Llama. Sui DeFi users can engage in various activities such as providing liquidity, borrowing, and lending to earn substantial returns. Read more
7. Sui Weather Oracle Fetches Real-Time Weather Data
Integrate weather data into your apps using the Sui Oracle, or apply its inherent uncertainty as a unique random number generator across applications. The Sui Weather Oracle provides up-to-date weather information for over 1,000 cities globally, consisting of three components: an external service (OpenWeather API), an internal backend service, and a Sui Weather Oracle smart contract. Read more
8. Sui’s Gas Fee Model Is Fairer
Sui’s massive parallel processing necessitates a new approach to gas fees. Developers devised the current gas mechanism through three broad steps to achieve lower gas costs on Sui: (1) determining optimal ways to measure resource usage; (2) designing cost calculation methods; (3) analyzing gas models under varying load assumptions. Join TechFlow official community to stay tuned Telegram:https://t.me/TechFlowDaily X (Twitter):https://x.com/TechFlowPost X (Twitter) EN:https://x.com/BlockFlow_News
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