SUI (Sui) fell 20.71% in the last 24 hours.

Gate News Bot news, on October 11, according to CoinMarketCap data, SUI (Sui) is currently priced at $2.73, down 20.71% in the last 24 hours, with a high of $3.69 and a low of $0.95. The 24-hour volume reached $4.118 billion. The current market capitalization is approximately $9.882 billion, a decrease of about $2.581 billion from yesterday.

Sui is a high-performance blockchain platform designed to provide the advantages of Web3 while maintaining the usability of Web2. Sui uses the Move programming language, which has intrinsic security. The platform supports zkLogin authentication, allowing users to log in with web credentials. Features of Sui include scalable infrastructure, fast and low-cost transactions, and a growing ecosystem. Sui is suitable for various fields such as gaming, business, and DeFi, providing developers with abundant resources and support.

Important recent news about SUI:

1️⃣ Famous game developers choose the Sui platform The developer of EVE Online announced that its new game EVE Frontier will expand on the Sui blockchain. This decision highlights the appeal of Sui in the gaming sector, especially for large and complex gaming projects. EVE Frontier, as a player-built galaxy game containing thousands of star systems, has extremely high requirements for underlying technology.

2️⃣ SUI technology advantages recognized EVE Frontier has chosen Sui as its expansion platform, reflecting confidence in Sui's scalability and composable architecture. This highly complex gaming environment requires robust technical support, and the choice of Sui signifies that its performance and capabilities have been recognized by industry-leading developers.

3️⃣ Potential Growth of the Gaming Ecosystem With the addition of large game projects like EVE Frontier, Sui's gaming ecosystem is expected to see significant growth. This could not only bring more users but also attract more game developers to pay attention to and choose the Sui platform, thereby creating a virtuous cycle.

Despite SUI's significant progress in the gaming sector, the SUI price has still experienced a substantial fall in the short term. This may reflect the volatility of the overall cryptocurrency market and investors' cautious attitude towards the potential time lag between new project launches and their actual applications. In the future, the price performance of SUI may depend more on the actual launch of projects like EVE Frontier and their performance on the Sui network.

This message is not intended as investment advice; investors should be aware of market volatility risks.