Outlook of the Sui Ecosystem: Interview with Adeniyi Abiodun, Co-founder of Mysten Labs

Recently, Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, was interviewed and shared insights on the Sui blockchain and the cryptocurrency ecosystem.

Technical Upgrade

Adeniyi revealed that Sui is about to undergo several important upgrades:

• The Sui consensus mechanism will be upgraded to version two, reducing the delay from 500 milliseconds to 300 milliseconds, making Sui one of the fastest blockchains in the industry.

• The SuiPlay0X1 game console is set to launch soon. It is a high-performance handheld PC that supports both web2 and web3 games. Users can earn NFTs in the game, own assets, and participate in the Sui gaming economy.

• The second version of the consensus algorithm and on-chain randomness will be launched in the next two months.

Market Challenges and Opportunities

Adeniyi believes that the main challenges facing the current cryptocurrency industry are:

• Overemphasis on token acquisition and staking, while lacking truly valuable applications.

• It is necessary to achieve true mass adoption through practical applications that have value in daily life.

• Tokens should be regarded as utilities rather than commodities.

In this regard, Adeniyi stated that Sui is responding in the following ways:

• Focus on developing user-friendly infrastructure to attract more ordinary users for seamless access.

• Promote application development in fields such as gaming, seamlessly integrating elements like DeFi.

• Provides extremely low gas fees and efficient transaction processing capabilities, making it an ideal platform for DeFi and other applications.

Ecosystem Development

Adeniyi introduced some promising projects in the Sui ecosystem:

• Carrier One: Building a global decentralized enterprise-level telecommunications infrastructure.

• Playtron: Building the future gaming Android operating system on Sui.

• Walrus: A proof-of-stake global storage layer that can compete with AWS and Google.

• Navi Scallop: has entered the top 20 DeFi protocols in Web3.

Adeniyi stated that Sui is attracting numerous high-quality DeFi and gaming projects, which will drive the rapid development of the ecosystem.

Future Outlook

Regarding the future development of Sui, Adeniyi stated:

• Local stablecoin is about to be launched.

• Focus on attracting more developers, especially JavaScript developers.

• Continue to improve the developer experience, making it 10 times better than other platforms.

• Introduce more decentralized applications to allow ordinary users to use web3 seamlessly.

• Looking forward to the meme coin craze arriving at Sui, but it will be different and more interactive.

Adeniyi emphasized that Sui's goal is to advance web3 to the next stage by providing user-friendly infrastructure and tools, attracting more mainstream users to join.