Sui Co-Founder Adeniyi Depth Interview: From Technological Innovation to Mass Adoption

Aquarius Fund recently hosted a podcast featuring Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, along with two well-known Asian KOLs, Dustin and Patrick, for an in-depth discussion on the Sui blockchain and the entire crypto ecosystem.

Technological Innovation

Adeniyi emphasized several important upgrades coming soon to Sui:

• The Sui consensus mechanism will be upgraded to the second version, reducing the delay from 500 milliseconds to 300 milliseconds, making Sui one of the fastest blockchain platforms on the market.

• The SuiPlay0X1 gaming console is set to launch soon. This is a high-performance PC handheld device equipped with an OLED screen, supporting both web2 and web3 games. The device aims to build a strong gaming economy around Sui, allowing users to earn NFTs and own assets while playing games.

Market Challenges and Solutions

The main challenges facing the blockchain field were pointed out in the discussion:

• The liquidity issues caused by staking and re-staking of Layer 1 and Layer 2.

• The current excessive focus on token acquisition and staking lacks application driven by practical value.

Adeniyi believes that the solution lies in:

• Develop utility-driven tokens and user-friendly applications.

• Integrate DeFi elements into games and everyday applications, simplifying user interaction with blockchain technology.

• Attract ordinary users and let them unknowingly use web3.

Positioning and Advantages of Sui

Adeniyi elaborated on Sui's competitive advantages in the Layer 1 track:

• Trading volume ranks among the top, with over 100,000 daily active users.

• Programmable trading blocks allow users to chain trades across multiple DeFi protocols at once.

• The industry’s lowest gas fees make Sui an ideal platform for DeFi and Degen activities.

• Use zk technology to simplify user onboarding, providing a self-custody experience without the need to remember passwords.

• Supports horizontal scaling, easily increasing TPS by adding machines.

Ecosystem Development

Adeniyi introduced some exciting projects in the Sui ecosystem:

• Carrier One: Global decentralized enterprise-level telecom infrastructure

• Playtron: Build Android game operating system on Sui

• Walrus: A global storage layer, comparable to the power of AWS and Google.

• Navi Scallop: A DeFi protocol ranked among the top 20 in Web3.

Future Outlook

Regarding Sui's recent developments, Adeniyi revealed:

• Local stablecoin coming soon

• This month, the second version of the consensus algorithm was released.

• Launching on-chain randomness next month

Adeniyi emphasized that Sui is committed to supporting applications that attract and actively engage users, providing developers with the necessary tools to build innovative applications. He believes that by introducing regular users and creators of tokens and assets with practical uses, Sui will drive itself to become a leading platform in the web3 space.