Sui Network, the blockchain protocol developed by Mysten Labs has finally launched its mainnet after so much anticipation. The mainnet went live earlier today in what signifies a successful outing for the protocol which has been under development for years. 

The launch was acknowledged to be connected to a genesis blob and it signifies the entrance of the protocol into the Web3.0 ecosystem as it aims to compete with its peers for transaction throughput.

This launch is complemented by the launch of the native token of the Sui Blockchain on several cryptocurrency exchanges including Binance, OKX, Bybit, and Kucoin. Also, the team has assured that in the coming days, more than 200 decentralized applications (dApps) including Non-fungible tokens (NFTs),  Decentralized Finance (DeFi), and gaming would go live on the protocol.

Ultimately, Sui has now joined the list of other high-performing L1 blockchains that are collectively tagged Ethereum killers including Cardano (ADA), Solana (SOL) and Aptos amongst others. 

(By Godfrey Benjamin)