With its public Mainnet launch, 2023 became Sui's inaugural year, the time when its innovative technology could really be put to the test. With early projects developed on Devnet and Testnet the previous year, and untold hours put into building Sui as a Layer 1 blockchain, the network had a lot of expectation riding on its shoulders.
Sui builds on the lessons learned from the blockchain industry. It solves detrimental factors such as low throughput and high gas fees, exhibited by previous chains, and creates an entirely new paradigm. Sui combines the best of decentralized networks and what builders expect from a modern computing environment.
The 2023 results show a network proving its promise, delivering consistent and low gas fees while serving high traffic demand. Games and decentralized finance (DeFi) protocols built on the network have flourished due to the lack of network restraints.
Here's 2023, the year in Sui:
Full speed ahead
Reaching these milestones required hard work from builders around the world. Their efforts created the network and the many projects bringing users to Sui. This impressive momentum bodes well for the new year, as more builders learn Move and leverage Sui to make the projects they imagined a reality.
We look forward to user growth and engagement in 2024 and new network features expanding Sui's utility.