Sui co-founder Adeniyi Abiodun shares the development prospects of the Sui ecosystem

In a recent podcast, Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, engaged in an in-depth discussion with several industry experts about the development prospects of the Sui blockchain and the cryptocurrency ecosystem.

Technical Upgrade

Adeniyi revealed that Sui is about to upgrade its consensus mechanism, reducing the delay from around 500 milliseconds to about 300 milliseconds, which will make Sui one of the fastest blockchains in the industry. In addition, Sui will launch the SuiPlay0X1 gaming console, a high-performance PC handheld device that supports both web2 and web3 games.

Market Challenges and Solutions

Participants discussed the major challenges currently faced in the blockchain field, including liquidity issues and user adoption. Adeniyi emphasized the need to develop truly valuable applications to drive mass adoption, rather than just focusing on token acquisition and staking. He proposed seamlessly integrating DeFi elements through avenues such as gaming, allowing ordinary users to use web3 without even realizing it.

Sui's Competitive Advantages

Adeniyi pointed out that Sui performs excellently in terms of trading volume and user participation, making it one of the blockchains with the lowest trading costs. Sui's programmable transaction blocks and low gas fees make it an ideal platform for DeFi. Additionally, Sui is enhancing the user experience by simplifying the user onboarding process and introducing innovative features such as sponsored transactions.

Ecosystem Development

Adeniyi shared some exciting projects in the Sui ecosystem, including Carrier One( decentralized telecom infrastructure), Playtron( gaming Android operating system), and Walrus( global storage layer), among others. He emphasized that Sui is attracting game studios with millions of followers to drive the growth of DeFi.

Future Outlook

Sui's recent plans include launching a local stablecoin, releasing the second version of the consensus algorithm, and introducing on-chain randomness. Adeniyi stated that Sui's goal is to attract more mainstream developers and create tools that are easy for ordinary users to adopt. He expects meme coin culture to also thrive on Sui, but presented in a more interactive and innovative way.

Overall, Adeniyi is optimistic about the development prospects of Sui, believing that by providing innovative applications with real utility, Sui has the potential to drive the widespread adoption of blockchain technology.