Recently, the cryptocurrency market has welcomed a dazzling new star - the SUI public chain. This project, founded by former members of the Facebook Libra team, is rising at an astonishing speed, attracting widespread attention from investors.

The development history of SUI can be described as legendary. Two years ago, during the bankruptcy liquidation of the cryptocurrency exchange FTX, SUI tokens were sold at a price far below their potential value. At that time, 890 million tokens were exchanged for only 96 million USD. However, today the market value of these tokens has soared to 3 billion USD, bringing enormous returns to early investors.

The remarkable growth of SUI in such a short time can be attributed to its outstanding technical performance and broad application prospects. This public chain supports second-level transaction settlement and claims to achieve a transaction processing capability (TPS) of 100,000 transactions per second. This performance advantage makes SUI particularly suitable for gaming and decentralized finance (DeFi) applications, with the current daily active users on the chain reaching 2.5 million.

The success of SUI has not only attracted ordinary investors but has also garnered significant interest from institutional investors. According to reports, SUI has attracted about 84 million USD in investments this year, with investors including even a sovereign fund from the UAE. There are also rumors in the market about the potential launch of SUI-related ETF products, which further increases its investment appeal.

It is worth noting that Chinese developers hold an important position in the SUI ecosystem. According to statistics, about 60% of the projects in the ecosystem are developed by Chinese teams, which has driven the rapid development of SUI in the DeFi field to a certain extent. In the past six months, the locked-in amount of DeFi projects in the SUI ecosystem has doubled, surpassing 2 billion USD.

Despite the strong growth momentum of SUI, investors still need to be cautious. The cryptocurrency market has always been highly volatile, and SUI is no exception. For example, when approximately 160 million tokens were unlocked in early July this year, it triggered a market sell-off. Although some investors see it as a buying opportunity, the price of SUI may still experience significant fluctuations.

Overall, the rapid rise of SUI reflects the ongoing innovation in blockchain technology and the cryptocurrency market. However, investors need to comprehensively assess risks and prepare asset allocation and risk management when considering entry.