Sui Blockchain Gains Traction with Developers, SUI Token Surges 115% in October

The Sui blockchain is gaining attention for its developer-focused ecosystem, with its SUI token surging 115% in October.

CoinChapter — Sui (CRYPTO: SUI) has been making waves in the crypto world lately, thanks to its developer-focused ecosystem. The SUI token also enjoyed an impressive 115% rally in October.Sui is often compared to Solana (CRYPTO: SOL) due to its high throughput and low latency. As a competitor in the layer-1 blockchain space, Sui is attracting attention with its unique strengths.

Developer Experience Is Key For Sui

One of the main reasons for Sui's success is its effort to create an accessible platform for developers. Ramani Ramachandran, the CEO of Router Protocol, had this to say about Sui:

“The interesting thing about Sui was the founders are not as visible, but they are doing something right because developers are talking about them. Especially how usable Sui is and how capable it is, that's what I hear developers talking about a lot.”

Ramachandran also pointed out how the growing discussions among developers about Sui's usability and capabilities are a sustainable aspect of the ecosystem. According to him, the developer community ensures the blockchain's growth beyond its initial token generation event.

Sui Blockchain Boasts Strong Metrics

Reports have highlighted Sui's growing adoption. For instance, an October analysis by VanEck showed monolithic blockchains, including Sui and Solana, outperforming other ecosystems in September. During this period, daily active addresses on Sui increased by 140%, indicating a rise in user engagement.

This surge has also driven demand for the SUI token, pushing its market capitalization to $9.9 billion. Previously, K33 Research identified the Sui blockchain's streamlined architecture as a significant factor in its growing appeal among developers.

In contrast to other layer-1 blockchains with complex programming requirements, Sui provides accessible tools that simplify development. This efficiency attracts developers who can quickly build and deploy dApps on the Sui blockchain.

Institutional Interest And Expanding Use Cases

Several institutional partnerships are also demonstrating Sui's momentum. On Nov. 22, Franklin Templeton announced a collaboration with Sui to explore application development within its ecosystem.

Moreover, Sui's high throughput and low latency make it a strong candidate for applications requiring frequent updates, such as video games. Interestingly, Mysten Labs, the team behind Sui, is also working on a handheld gaming PC. Expected to launch in 2025, this device will support both blockchain and traditional PC games.