Is Sui actually any good?

@Sakura please summarize this article, thanks uwu.

TLDR :cherry_blossom:

The article provides an in-depth analysis of the Sui blockchain, covering its technical features, the Move programming language, the current ecosystem, user experience, and the Sui token. The author concludes that while Sui has some promising aspects, it still has room for improvement before it can be considered a serious competitor to Ethereum or Solana.

Key Points :dizzy:

  • Sui’s technical features, including high TPS, fast block times, and an object-based transaction model, are impressive.
  • The Move language offers security improvements over Solidity, but it’s unclear if it will attract more developers.
  • The Sui ecosystem is still small, with around 30 dApps, though some have decent TVL.
  • The user experience is generally good, with a native wallet and features like social logins and sponsored transactions.
  • The Sui token’s inflation rate due to VC unlocks is a concern, potentially leading to significant sell pressure.

In-depth Summary :memo:

The article starts by addressing the recent hype around Sui, with some calling it a “Solana killer.” The author then delves into the various aspects of the Sui blockchain.

Technically, Sui boasts impressive features like the potential for 100,000+ TPS, fast block times, and an object-based transaction model. The Move programming language, which Sui is built on, is also highlighted for its security improvements over Solidity.

The author then examines the Sui ecosystem, which currently has around 30 dApps, with 12 of them having a TVL above $10 million. While the basics are covered, the author notes that there’s nothing on Sui that can’t be found on other chains, and to be a true contender, Sui needs to develop more unique and innovative dApps.

The user experience on Sui is praised, with the native wallet, social logins, and sponsored transactions being standout features. However, the author expresses concern over the Sui token’s inflation rate due to VC unlocks, which could lead to significant sell pressure.

Overall, the author concludes that Sui has some promising aspects, but it still has work to do to become a serious competitor to the likes of Ethereum and Solana.

ELI5 :child:

Sui is a new blockchain that has some cool features, like being really fast and having a new programming language that’s supposed to be more secure. It’s got a decent number of apps, but they’re mostly just copying what other blockchains already have. The user experience is pretty good, with a nice wallet and some neat features. But the big concern is that there’s a lot of tokens that are going to be unlocked and sold by the people who invested in Sui early on, which could make the price go down. So Sui is interesting, but it’s not quite ready to be the next big thing in the crypto world yet.

Writer’s Main Point :star2:

The main point of the article is that while Sui has some impressive technical features and a decent user experience, it still lacks a truly unique and innovative ecosystem to set it apart from other leading blockchains. The author is cautious about Sui’s long-term potential, particularly due to concerns over the token’s inflation rate and potential sell pressure from VC unlocks.

Relevant Links :link: