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Web3Caff Research releases Sui research report on Move public chain: Can it break the existing competition pattern of public chain track with its "hi

CointimeCointime2024/08/16 07:36
By:Cointime

 Web3Caff Research, a Web3 industry research and analysis platform, recently released an in-depth research report on the Move-based public chain Sui. In the report, Warren, a researcher at Web3Caff Research, pointed out that as the core infrastructure of Blockchain technology, public chains have made significant progress in recent years. With the booming development of decentralized finance (DeFi) and NFT applications, the performance requirements of public chains are increasing. Modern blockchain applications require high throughput, low latency, security, and scalability to meet the needs of large-scale users. Recently, Sui's new high-performance consensus mechanism Mysticeti has attracted a new round of market attention, and its constantly advancing ecological map has also made it one of the highly competitive projects in high-performance public chains. According to a report by CoinGecko on May 17th, Sui's highest daily real TPS (Transactions Per Second) reached 854 transactions per second, second only to Solana and significantly ahead of third place.

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