Last Updated on June 4, 2023 by Bitfinsider

Sui is the first permissionless Layer 1 blockchain created from the ground up. They are a decentralized blockchain with horizontally scalable throughput and storage that uses proof-of-stake.

In order to expand its capabilities and provide a comprehensive platform, the Sui team has developed an ecosystem that consists of a number of essential components, including DEX, Wallet, NFT, Lending, Infrastructure, Bridge, GameFi, SocialFi, Launchpad, Security, and Name Services.

Layer-1 distributed ledger Sui has already established itself as one of the most desirable destinations for Web3 game developers, despite being relatively new to the game.

Sui, which just launched its Mainnet, offers unique technical specifications and a novel approach to on-chain assets, making it an attractive alternative for aspiring game developers.

Sui’s ability to process transactions in parallel and scale horizontally by adding more nodes to keep up with demand—two features designed to keep its transaction fees low as more games and decentralized applications (Dapps) come online—is part of what makes it unique.

Scalability

Sui’s unique characteristics suggest unparalleled scalability and rapid transaction settlement. The horizontal scalability of the platform enables it to accommodate increasing application demands. Sui’s authorities can employ additional personnel to increase processing power and accommodate network expansion. Consequently, even when network traffic is high, gas costs would be reduced, leading to enhanced user experiences for Web3 applications.

How to buy or trade SUI on ProEX

You can buy or trade SUI on ProEX. As ProEX frequently holds campaigns and events, you should check out its event page here to see if you can participate and win rewards as you trade.

On ProEX, you can trade SUI as a spot pair (SUI/USDT) in 3 simple steps:

1. Sign up and register an account on ProEX 
2. Buy USDT via ProEX One-click Buy 
3. Trade Sui/USDT at ProEX Spot