In today's era, it has become exceedingly difficult for Layer 1 blockchains to gain market traction by merely repurposing existing technologies. Only fundamentally different technologies can justify the creation of a new Layer 1 blockchain.

In this respect, the Sui Network is particularly noteworthy. It features entirely new and innovative aspects including its consensus mechanism, mempool, and programming language. Moreover, it has advanced by improving existing consensus methods.

Features like Stashed and zkLogin seem to exemplify how blockchains for the masses should evolve. Sui, introducing these technologies at the forefront of the market, might indeed justify its existence as a new Layer 1.

New initiatives like the Walrus Protocol—although it is entirely independent from Sui—and SuiPlay0X1 are bringing fresh perspectives to the Sui ecosystem and increasing awareness of Sui among Web3 native/non-Web3 users.

In fact, in less than a year, Sui has achieved a Total Value Locked (TVL) of $700 million, ranking it second among non-EVM blockchains. The future prospects of Sui are certainly very promising.