Germany's July IFO Business Climate Index

The SUI public chain, driven by the Move language, is reshaping the public chain landscape in the development of Web3 technology. Compared to Aptos and Solana, SUI focuses on security and comprehensive ecosystem construction, achieving rapid user growth and diverse applications, gradually shifting from a high-performance chain to the goal of a programmable internet stack, laying the foundation for the widespread application of Blockchain in the future.

The finalists for the Sui liquid staking hackathon have been announced, with two tracks advancing six teams each to Demo Day. The projects cover DEXs, liquidity protocols, and DeFi tools, aimed at promoting the development of the Sui ecosystem. The judging results will be announced on October 2.

From "Fastest L1" to "Programmability Internet Stack": The underlying logic behind the value elevation of the SUI public chain. As the Web3 technology stack continues to evolve, smart contract languages are migrating from the Ethereum-dominated Solidity to the more secure and resource-abstraction-capable Move language. Move was initially developed by Meta for its cryptocurrency project Diem and features first-class resource handling and formal verification friendliness, making it an important language option for the underlying architecture of the new generation of public chains. In this evolutionary context, Aptos and SUI have become the dual core representatives of the Move ecosystem. Aptos was launched by the original Diem core team, continuing the native Move technology stack, emphasizing stability, security, and modular architecture; while SUI introduces object-oriented data structures and parallel execution mechanisms, forming a SUI Move branch with more performance breakthroughs and innovations in development paradigms, reconstructing on-chain resources.

The new star of liquid staking in the Sui ecosystem: Haedal Protocol The liquid staking market of the Sui network is still in its early development stage, with a total value of approximately $307 million staked in SUI, of which only 2% is liquid. In comparison, the liquid staking ratios of the Solana and Ethereum networks are 10.1% and 30.5%, respectively. In this context, the Haedal staking protocol, with its total locked value of $120 million (TVL), is expected to become the leader in liquid staking within the Sui ecosystem. One of the main challenges faced by the Sui network is its relatively low staking annual yield of about 2.5%, while the yields for Solana and Ethereum are 7-8% and 3-4% respectively. Haedal has successfully improved the staking performance of the Sui network through innovative technical solutions, outperforming other liquid staking ( LSD ) protocols.

Steadfast faith after the security crisis: Why does SUI still have long-term rise potential? TL;DR 1. The Cetus vulnerability originates from the contract implementation, not from SUI or the Move language itself: The essence of this attack lies in the lack of boundary checks in the arithmetic functions of the Cetus protocol------a logical vulnerability caused by overly wide masks and shift overflows, which is unrelated to the resource security model of the SUI chain or the Move language. The vulnerability can be fixed with "a single line of boundary check" and does not impact the core security of the entire ecosystem. 2. The "reasonable centralization" in the SUI mechanism reveals its value in a crisis: Although SUI has a slight tendency towards centralization with features like DPoS validator rounds and blacklist freezing, this has proven useful in responding to the CETUS incident: validators quickly synchronized malicious addresses to Deny.