Sui Network Mainnet Launch: An Initial Exploration

The highly anticipated Sui Network Mainnet finally went live as scheduled on the evening of May 3rd. This article will take you on an initial experience of the Sui Network's Mainnet environment, exploring whether its performance, fees, and user experience are as outstanding as previously advertised.

Sui Information Platform

1. Sui Network Information Page

On the official network information page of the Sui Network, users can compare the performance and functional differences between the development network, test network, and Mainnet. Currently, the Mainnet has a total of 98 validator nodes and two nodes operated by the development team.

2. Sui Block Explorer

The Sui blockchain explorer provides basic information about SUI, including TPS, network node distribution, block production status, price, and market capitalization. Users can also query transaction information for addresses.

Sui Wallet

Taking the Suiet wallet as an example, new users need to download the plugin from the official website, and then create a new wallet in the usual way for wallets, recording the mnemonic phrase and logging in.

Sui Cross-Chain Bridge

The Sui Token cross-chain bridge is now live, supporting 22 assets for direct cross-chain transfers to the Sui network. The initially supported cross-chain networks include Ethereum, Polygon, BSC, Avalanche, Celo, Moonbeam, and Solana, among others. Cross-chain assets include mainstream tokens such as ETH, WETH, USDC, and MATIC.

Taking the official cross-chain bridge portalbridge as an example, users can choose different source chains and target chains for asset cross-chain transfer. The cross-chain transaction fee is relatively cheap, usually 0.2 SUI or the equivalent native chain asset.

Sui NFT Market

The leading NFT trading platform Souffl3 on the Sui Network has launched on the Mainnet. Users can participate in the platform's Launchpad events and NFT trading by connecting their wallets.

Preliminary Experience Summary

Although the Sui Mainnet has just gone live, many ecosystem projects have not yet launched in sync, and the initial token distribution is mainly concentrated on centralized exchanges, which has somewhat affected the on-chain user activity. However, in terms of the current experience of using on-chain applications, the overall feel is quite smooth.

It is worth noting that most centralized exchanges have not yet opened the withdrawal function, which to some extent limits the activity level on the chain. The final user experience of the Sui ecosystem projects still needs further observation and evaluation.

With more projects launching and features improving, the ecosystem of Sui Network is expected to gradually enrich and mature. We will continue to monitor the development trends of the Sui Mainnet and provide readers with more in-depth analyses and experience reports.