Sui Ecosystem

The stablecoin supply on Sui has surged nearly 100 times in more than a year, from US$5.4 million to US$490 million - this is the fastest-growing public chain in Web3. As capital inflows accelerate, is Sui positioning itself as the next blockchain to dominate stable digital assets? Let’s take a closer look.

Ethereum, Solana, and Sui each represent different technological paths in the development of Layer 1 public blockchains. Competition among Layer 1 networks has gradually evolved from the early tradeoff between decentralization and security into a broader divergence centered on underlying architectural design. Ethereum is moving toward a modular architecture supported by Layer 2 scaling, Solana focuses on pushing the limits of single chain performance, while Sui rethinks blockchain execution by redesigning state management through its transaction model and asset structure. As a result, this competition is no longer simply about parameter optimization such as TPS or transaction fees. Instead, it reflects a deeper divide in design philosophy and the long term capacity of blockchain infrastructure to support future applications.

The Sui DeFi Moonshots Program is a selective ecosystem support initiative launched by Sui for high-potential teams. Its purpose is to identify and empower builders capable of fundamentally reshaping onchain financial structures. Unlike traditional ecosystem subsidy programs that focus on scale expansion or liquidity incentives, the Moonshots Program centers on transformative innovation. It targets DeFi projects capable of introducing entirely new financial primitives and redesigning interaction logic and capital efficiency structures, rather than simply optimizing parameters within existing models.

eSui Dollar is a synthetic dollar asset jointly launched by Ethena Labs and the eSui team. After its initial debut in the fourth quarter of 2025, it has now been formally integrated into the DeepBook margin system. The significance of this integration lies in the fact that eSui Dollar has become the first synthetic dollar that can be directly embedded within DeepBook's margin framework. This allows dollar denominated assets to participate in margin trading, lending, and leveraged strategies within Sui's native liquidity layer, marking the entry of digital dollar assets into an on-chain risk management and liquidation architecture.

Detailed analysis of Walrus, a decentralized blob storage protocol on Sui, covering WAL token utility, staking, and governance.