Sui Corner

🤿 Diving into the @SuiNetwork Ecosystem From DeFi to NFTs, infra to gaming — the Sui ecosystem is scaling at lightning speed. Projects are shipping, users are growing, and builders keep choosing Sui for one reason: performance + real adoption.

What future awaits Sui and its ecosystem? Recently, there have been many discussions around the @SuiNetwork ecosystem development policy carried out by @Mysten_Labs . To understand where these often not very positive sentiments are coming from, we approached an ex dev on Sui, who used to be quite active in the ecosystem, but recently ceased his Sui related activities. Let's call our today's guest “Mr. X” 🤫 Read the interview with Mr. X below 👇 SC: Thank you for accepting our invitation and being willing to share your experience with the ecosystem. Mr. X: Not everyone may agree with my opinion, but I believe that the only way to improve the situation in the ecosystem is to highlight and solve problems, rather than closing eyes on them. At this point, I have sold all of my ecosystem tokens and decided to leave, as it is extremely difficult to work in such conditions, but it was a hard and quite painful decision to make. SC: You say that Sui has serious problems, but if you look at the metrics — TVL, activity, transactions — everything is skyrocketing. Mr. X: Yes. Onchain metrics are indeed growing, and that's a fact. But growth in numbers doesn’t mean growth in terms of quality. There are many one-day projects, but few that are credible and provide real value to the ecosystem. At the moment, Sui is active mainly because of DeFi, while other areas are not so successful and have a very limited number of users. One of the reasons behind projects and devs coming and going away is #MystenLabs policy. They believe that “the market will sort things itself” — like, if the project is worth it, it will find its audience. But in crypto reality, this doesn’t always work. Especially in new ecosystems, particularly those built on new programming languages, which already create a significant entry barrier. Small but promising projects sink without even getting a chance. Well, not only small ones… SC: In our private conversation, you also mentioned that processes within the ecosystem are too slow. Mr. X: Yes. Everything is highly regulated, with many approvals and formalities required if you want to work directly with the Sui team. Because of this, the span between “idea → release” for small teams sometimes stretches to unreasonable timelines. In crypto, speed is everything. It’s not just technology that matters here, but also timing. And when a release comes out weeks after there was a chance to “catch the moment” no one needs it anymore. SC: Ok, we understand what difficulties third-party projects entering the ecosystem face, but what can you say about Mysten Labs' native projects? As far as we understand, you were previously one of the large holders of $NS and $WAL tokens. Mr. X: That's what disappointed me the most. Mysten Labs has quite a strange approach: they know how to come up with and launch products, they know how to create buzz around them, and they know how to present them effectively. But after the release... their interest in their own projects drops dramatically. Instead of strengthening the project, developing it, and taking it to the next level, they switch to the next big goal, the next “big step”. As a result, even their own native products, i.e., those that should serve as ecosystem benchmarks, end up abandoned or supported at a minimal level. The saddest part is that they don’t realize they themselves are suffering as a result of this approach - both carrying financial and reputational losses. Products lose their audience, financial indicators fall, they lose momentum, and miss the moment when they could have become the driving force behind the ecosystem, winning over a new audience. They simply fade into the background, even though they were supposed to be the backbone of the ecosystem. This is not a story about lack of talent or technology — Mysten Labs has more than enough of both. This is all about priorities and real desire to have a strong community. SC: Let's move on to some examples. One of the native products is a @SuiPlay . Mr. X: Yes, that's a good example. The concept behind the product is pretty good; it could have been a powerful entry point for the gaming audience, which could have brought billions into the ecosystem over time. But what happened? The device was sold, and support from the team almost disappeared. People have been waiting for delivery for almost six months — and almost a year after paying for the product, some have already given up, while others are very disappointed with the quality. Most importantly, the team is not actively working with the community. There is some support on Discord and if I remember it right there was one X space covering issues. But this is not what you are expecting from such an entity as Mysten Labs. And this is totally baffling, because it leads not only to pretty big financial losses (on refunds), but first of all affects Mysten Labs' reputation. After all, users have something to compare #SuiPlay with - device released by Solana, for example, may have had some technical issues, but in all other aspects, the user experience was much more pleasant. It seems that SuiPlay was “released, promoted, sold, and then forgotten.” It feels as if the launch itself was more important than the actual use. SC: At the same time, the team is actively promoting its @WalrusProtocol project, and @DeepBookonSui is at the heart of the most DeFi transactions on the network. Mr. X: Both products are excellent, but neither of them really needs to be promoted to usual users - community, as they do not interact with them directly. Walrus will only develop if other large projects start to use it — this is the B2B sector. While DeepBook does not interact with users directly at all and doesn’t need real promotion — it is already embedded in the ecosystem from within and interacts with users through the UI of other applications. On the other hand, the only Mysten Labs product that should be actively promoted because it works directly with the end users — @SuiNSdapp — is hardly supported at all. SC: What do you mean? Mr. X: @SuiNSdapp is, conceptually, one of the key products of the Mysten Labs team. The domain service is the face of the blockchain, the entry point for the Web2 audience, the identity and recognition of the user as a part of the ecosystem. #SuiNS has enormous potential; remember the role ENS played in the Ethereum ecosystem. With the right approach, SuiNS could become not just a domain service, but the flagship product of Mysten, a showcase for the ecosystem, something that every new user goes through. Imagine: — SuiNS domains are integrated into all ecosystem projects, wallets, marketplaces, and gaming products; — every major dapp includes the option to log in or interact via SuiNS; — the project receives all required resources, a strong devs team, and a well-thought-out roadmap; — domains are highlighted in all large events and new launches; — collaborations with strong partners, and campaigns to promote domain names; — domains become an essential element of UX within the ecosystem, as was with ENS. This approach would make SuiNS the ecosystem's heart. It has all the prerequisites for this: it is native, it is directly linked to user identity, it can be a bridge between Web2 and Web3, and it is convenient and user-friendly. It initially had a fairly large audience. But for development, it needs continuous support. Unfortunately, today we see the opposite: Mysten spends minimal resources on the project, constant delays (in “the best network and most technologically advanced for developers,” Mysten Labs cannot spare enough developers to make things work faster?), and a lack of promotion of the project at major events, which Sui organizes quite often. It is attention, integration, and strategic focus that could turn SuiNS into a key product that shapes the face of blockchain. It could bring value to the entire ecosystem, eliminating the feeling of fragmentation and creating a unified user layer. To revive faith in the ecosystem, it would be great to get an example from Mysten Labs itself: "This is how we create an infrastructure product. This is how it should look. This is how it should evolve." But instead, we see deadlines constantly being pushed back, slow updates, and a shortage of developers. It feels like the project is operating on a shoestring budget, as if it's only being kept alive because it's already been launched. What do we see as the result? NS token capitalization has fallen lower than of some memecoins. And - remember? - it's a native Mysten Labs project! Don't tell me these guys don't know how to push things and support their own product. But looks like they just don’t really care. SC: Do you think that this attitude towards their own native products could have negatively affected trust in Mysten Labs and played a role in the emergence of FUD in the ecosystem? Mr. X: Absolutely. People were thinking previously “If that's a product by Mysten Labs, then it will definitely grow and blow the space”. Everyone was expecting that Mysten would show how projects should be done. But in the end, it felt like they were just stamping out products... without diving deeper and developing them. The worst thing is that this has happened with two products that are interacting with final users directly. Technology is good, of course, but the end user doesn't feel it; users believe in what they can see themselves, what they can use — for example, a game console or their own domain name. This leads to disappointment, a decline in interest, and a loss of trust. This is very dangerous for any ecosystem, as no technology will develop in the long term if no one uses it. Projects come to blockchain because of the users. Without the trust and interest of direct users, there will be no interest in building projects in the ecosystem. This is how business works. And without projects, there will be no new users. It's a vicious circle. SC: And all this led to your decision to leave? Mr. X: Yes. I'm tired of constantly feeling like I'm swimming against the tide: bureaucracy slows things down, the community is disappointed, and projects that should be driving the ecosystem forward are turning into abandoned storefronts. I no longer feel like I can create anything meaningful here. At least not in the current situation and with the current attitude of the team. My disappointment reached the point where, despite being a large holder of Mysten Labs project tokens since their TGE and despite the sharp drop in the price of these tokens and the rather large lost profit, I decided to sell everything so that nothing would keep me here anymore. SC: In your opinion, could the situation still change? Mr. X: Of course. Sui is a technologically very strong blockchain. The only question is whether Mysten Labs realizes their mistakes. If the approach to project support changes, the ecosystem could reach a new level.

ALPHA ALERT✨ Oops, he did it again😁 @EmanAbio just spilled some alpha on the Sui Community Space - Hashi is coming in Q1 2026! 😎

BREAKING NEWS 🚨 @SuiNetwork introduces USDsui: New stablecoin for DeFi and Sui ecosystem💧 @Stablecoin provides $USDsui with a useful combination of blockchain liquidity and resilience, real-time payment capabilities for users 🌉 Read more 👉 t.co/ScjQQtZ2AG

@Dmitrik_7_7 @MMTFinance Only

@SuiCorner @MMTFinance Sarcasm?

220 MMT tokens for a RARE NFT thank you, @MMTFinance ! This is the best thing I’ve ever seen

@WuBlockchain LEGEND

According to Suiscan, address 0xe7cd…7a88a4, tied to the Momentum team, sent 38M MMT ($45.6M) to Binance on Nov 5, 16:00 UTC+8, sourced from the second-largest holder (0x1b4d2…7355c8, 18.57% of supply). From Nov 4 18:41 to Nov 5 00:12 UTC+8, this second-largest holder sent 89.476M MMT to 12 addresses, some reaching CEXs. After listing on Binance at $0.1, MMT spiked to $4.4+ (some platforms $10) in 12 hours, then fell to $0.67. suiscan.xyz/mainnet/accoun…

💥 LIVE $SUI Q&A SPACE WITH CEO @EVANWEB3 ON NOV 6TH! Got questions for Evan Cheng about the future of @SuiNetwork? Drop them below👇

@matteodotsui @EvanWeb3 @SuiNetwork Nice bro! I have one question about SuiNS. Will I be able to speak?

@_deeptrade 😋😋

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🚨BREAKING: Sui just flipped Ethereum in daily active wallets • @SuiNetwork : 653k+ DAU • @ethereum : 446k+ DAU No farming gimmicks. Just real users and real on-chain activity. The new generation of L1s isn’t coming it’s already here. 💧

The wait is over. Momentum Title Deed distribution phase is complete! Open your inventory to verify that your Title Deed NFT has been successfully added. You can now see if you received yours during the nomination phase 💙 Next Phase: Coming soon 🔗 deed.mmt.finance

@MMTFinance Thx!

~ 7.6M $NS were sent to 95k+ voters 🪂 This equals to the previous 5 proposals' rewards pools combined, distributed as staked tokens with boosted voting power Check out the vaults section of your Slush wallet or vote.suins.io/stake 🗳️

🚨BREAKING: @Kalshi integrates @SuiNetwork native USDC & SUI deposits. The CFTC-regulated prediction market is now expanding into Sui DeFi, enabling trading in $Sui-specific markets. This is massive a real bridge between TradFi regulation and on-chain markets.

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🚨BREAKING: @MMTFinance $MMT premarket price $0.75 This means that the token was valued at ≈$750M FDV on the pre-market Circulating at TGE: 250M (~25%)

Idea for new @SuiNetwork merch, who disses?

🚨BREAKING: 21Shares just updated its $SUI ETF: – It will be listed on @NasdaqExchange – @coinbase joins as staking provider – Bank of New York Mellon becomes the cash custodian This means traditional finance is stepping deeper into the @SuiNetwork ecosystem 💧

🚨BREAKING: Sui leads the xBTC race With 907.6 xBTC(~$101.2M) , @SuiNetwork now ranks #1 across all networks, surpassing both @Aptos 464.4 xBTC (~$51.8M) and @solana 371.8 xBTC (~$41.5M) Bitcoin liquidity is flowing where performance meets innovation, straight into Sui💧

@grid_bloc @SuiNSdapp discord.gg/suins

@SuiCorner @SuiNSdapp Give me a discord invite link The one on SuiNS bio says expired

Voters, where you at? 💧