Grand Cayman, Cayman Islands, April 18, 2024, Chainwire
The annual event is the culmination of Sui’s unconventional debut.
More than 1,000 projects, partners, investors and enthusiasts from 65 countries around the world gathered in Paris last week to celebrate Sui at Layer 1’s proudly first global Sui Basecamp conference.
At the first annual event held during Paris Blockchain Week, Sui was welcomed by developers and builders from around the world during the two-day event. Speakers at Sui Basecamp covered all aspects of the industry, from payments to gaming, e-commerce, and major league sports, providing commentary in keynotes, panels, and fireside chats.
The event concluded with three key announcements: In collaboration with Playtron, the Sui team announced: SuiPlay0x1 is the world’s first lightweight portable gaming device with native Web3 functionality and promised new gaming experiences. First Digital Labs also joined the announcement that FDUSD, the fastest-growing stablecoin in the cryptocurrency industry, will become Sui’s first dollar-backed stablecoin. This will benefit Sui’s DeFi ecosystem, which is already one of the fastest growing in the industry. Finally, Sui announced Enoki, a suite of Web3 utilities that makes it very simple for enterprises to leverage decentralized solutions within their applications, products, and services.
Sui Base Camp attendees from 65 countries had the opportunity to meet each other face-to-face.
“When building Sui, we started with a blank canvas, with the goal of creating a great platform for decentralized applications without the structural constraints found in other blockchains,” said Evan Cheng, co-founder and CEO of Mysten Labs, creator of Sui Network. “He said. . “Less than a year after launching Sui’s mainnet, Sui’s incredible performance confirms this approach. From near-unlimited horizontal scalability to industry-leading execution speeds to achieving the most transactions per day of any blockchain of all time, Sui’s performance has been outstanding and the network has only scratched the surface.”
The industry veterans who founded Sui launched the mainnet almost a year ago with high expectations, and the network has performed exceptionally well. Rather than replicating an existing network, the Sui team started from scratch to build an entirely new infrastructure layer that addresses the shortcomings of existing blockchains. They started by creating Move, a new smart contract language, and on top of that they created a new object-centric architecture that enabled performance and functionality not available in traditional blockchains. The result is the industry’s only blockchain, a universal orchestration layer for intelligent assets.
Sui is the industry leader in providing lightning-fast transactions, taking just 400 milliseconds to finalize. Likewise, Sui’s scalability is also top-notch, reaching 297,000 TPS in a controlled environment. However, the Sui team is continuously improving the technology. At the conference, Sui team members unveiled the next generation of advancements in speed and scalability in the form of Mysticeti, which significantly accelerates Sui’s final completion time, and Pilotfish, which enables nearly unlimited horizontal scaling by validators.
And beyond performing in a test environment, Sui broke the record for transactions executed per day in just four months, surpassing existing blockchains while keeping fees low and stable. In particular, in almost a year of mainnet operation, Sui has not experienced a single minute of downtime.
After a series of community events around the world, media articles highlighting Sui’s incredible early milestones, continued ecosystem growth, and builders, builders, developers, investors and the wider community shunning other blockchains to leverage the Sui Network. I’m starting to understand. The potential of Sui’s groundbreaking blockchain technology. The crowds gathered for Sui Base Camp 2024 symbolized the arrival of Sui.
“The overwhelming turnout and vibrant enthusiasm for our first Sui Basecamp event reflects a Sui community captivated by Sui’s potential to make people’s lives better,” said Greg Siourounis, Executive Director of the Sui Foundation. “Over the coming months, the Sui Foundation will continue to focus on expanding the ecosystem of projects leveraging Sui and the number of users who benefit from their applications, working to make Sui one of the most widely adopted blockchains for solving real-world problems. no see. With cutting-edge technology and web3’s most dedicated and expert community behind it, Sui’s progress to date only provides a glimpse of the results this network will achieve.”
Users can read more about the event on the Sui blog.
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