This week on Sui 💧

From wallet-free DeFi and real-world IoT launches to BTCfi upgrades and NFTs that cross into the physical world - here’s what’s new 👇 No wallet? No problem.

NAVI now supports Google logins through its integration with @dynamic_xyz - making DeFi on Sui more accessible than ever.

https://twitter.com/1639153270248853504/status/1985619789407273208

What if Bitcoin wasn’t just a store of value — but also your key to DeFi?

BTCfi = Bitcoin-powered DeFi.

And Sui is emerging as the best place to build it.

Here’s why BTC needs BTCfi, and why the next wave of BTC DeFi is being built on Sui👇 Why BTC needs BTCfi

Over $1.5 trillion in BTC sits idle — a massive, untapped pool of liquidity.
BTCfi unlocks it for:

• Lending & borrowing
• Liquid staking
• Cross-chain collateral
• Real yield from DeFi protocols

But only if you have the right chain...

🫂Here’s this week’s list of upcoming events happening around the world – all for the Sui community! 🇭🇰 Join the OnchainAI Takeover with @OKXDevs in Hong Kong and hear from @EmanAbio on AI projects launching on Sui.

📅 Monday, February 17
🕖 18:00 - 21:00 GMT+8
📍 Rosewood Hong Kong

✅ Register now: lu.ma/z441hem0

⚡Sui speed is inevitable!

One️ month after the launch of #Mysticeti 🐳 on Mainnet, we’re excited to share that Sui recorded sub-second latency across different regions of the world, further validating Sui’s position as the fastest consensus on…the…planet! 💥 We’re also excited to share the next milestone in our journey – a public performance dashboard for Sui Mainnet transaction execution! metrics.sui.io/public-dashboa…

🌊After Devnet, multiple Testnet waves, Frenemies, #CapyHolidays, Builder Houses, and much more – what a monumental moment for the Sui community: Sui Mainnet has launched!💥

Let’s dive into what that means for all of you and why you should #BuildOnSui!

👇🧵 📰 “Today is a monumental milestone for the entire Sui community and the digital asset ecosystem as a whole.” said Greg Siourounis, Managing Director of @SuiFoundation.

🔎Read the full press release: businesswire.com/news/home/2023…

📢Announcing the Sui Foundation Bug Bounty Program📢

🧑‍💻We partnered with @immunefi to reward white hat hackers for helping maintain a secure and stable platform by reporting issues responsibly.

📆Save the dates for an upcoming AMA and Office Hours👇 ❓Twitter Space AMA: Monday 4/24 at 11:00 AM PT❓

Join us, @immunefi, engineers from @Mysten_Labs, and security auditors to learn how you can get involved. Hosted on @SuiNetwork.

Submit questions: forms.gle/X5phiYMrzc1bdo…

⏰Set your reminder: twitter.com/i/spaces/1yNxa…

The Sui community has grown immensely, so we recently published a blog that overviews the basics of Sui’s tokenomics to get everyone up-to-date.

🧵Let’s dive in👇 The goal of Sui’s tokenomics is a flourishing economy where:

💧fees are low enough for people to use the chain
💧building costs are low + predictable for a sustainable business model
💧activity is high + reliable for operators to plan their budget

🫶We wanted to share a note of celebration to the Sui community:

From the launch of Devnet to today, Sui has had an incredibly vibrant and committed community. Thank you for being an integral part of this journey.🤩

🧵 🤝We believe that everyone should be able to fully participate on, and ultimately own, the network. Power must not be concentrated in the hands of a small group but spread amongst everyone.

👀Long-running. Permissionless. Decentralized.

🎉It’s Permanent Testnet!🎉

Let’s dive into the new features, core developer primitives, and more 👇🧵 🏃Long-running: unlike Testnet Waves 1 and 2, Permanent Testnet will continue running even after Mainnet is live, and it won’t be wiped after each software update.

🏄The Wave to Mainnet has begun – but what does that mean? 🤔

A quick FAQ in 🧵👇 ❔: What is The Wave to Mainnet🏄?

👉The Wave to Mainnet🌊 is a series of events and content to further educate the community about the potential for Sui protocol to transform web3 in the lead up to Mainnet.

🚨During Testnet Wave 2, Capys were quietly live on testnet.capy.art – and the level with which the Sui community engaged with them blew us away!

💧370k unique sessions
💧659k breeding actions
💧555k accessories sold
💧63k Capys sold
💧Max generation count reached 684 🙌 Not only that, but 2⃣ builders independently built new Move contracts with Capys (composability ftw)!

📣We’re excited to share that Sui Testnet Wave 2 is now live! 🎉

And in this wave, you can participate and get hands-on with Sui!

⛓️For more in-depth details, see the blog linked at the end of this thread.

Let’s dive in 🧵 Validators, full node operators, delegators, app builders, and end users can all participate.

Compared to the previous wave, Wave 2:
💧Includes 2️⃣x the amount of validators
💧Enables anyone to run a full node
💧Allows builders to publish, test, and share their apps on Testnet

🥳Testnet Wave 2 is coming soon! We’ll share more details next week, but here’s a sneak peak: 📝🧪Testnet Wave 2 will focus on testing epoch management, tokenomics, and stake delegation.

🕹️It will also feature a new game focused on tokenomics and staking that anyone will be able to play

🎉And the next round of #CapyHolidays winners are here! Congratulations to the 10 winners! ❄️

The team behind CapyHolidays chose the following Capys based on the creativity and originality of their names and backstory:

🧵 1. “Nunoy Capy” by @@NuNoyDeFi
twitter.com/NuNoyDeFi/stat…

Let’s dive into how you can 🧾purchase, open🗃️, and share💌 a #CapyHolidays gift box on capy.art/holidays, and how to purchase accessories for your Capy. First, make sure to connect your Sui Wallet on Google Chrome

Then, go to Capy Market and click on a gift box. Purchase the 🎁gift box, and it will show up in your Sui Wallet.

🏆We’re so excited to see the many Capys you create from now until January 2!

Make sure to 📸screenshot and share your unique Capy with #CapyHolidays on Twitter – you’ll be entered into a community-driven contest that will begin on January 3.

An example submission is attached. 🐦To participate: along with the screenshot of your Capy, include a name and backstory in a single Tweet.

The owners of the 10 Capys with the best name + backstory (as selected by the team behind Capys) will receive special Capy merch and 200 SUI tokens after Mainnet launch.

❄️As the year comes to a close, we want to wish everyone in the Sui community…a #CapyHolidays!☃️

Today, we’re introducing a special partnership between @SuiFoundation and @Mysten_Labs: a special holiday edition of Devnet Sui Capys! 🧵
sui.io/resources-sui/… 🧣From now until January 2, you will get to unwrap gift boxes containing unique, event-specific attributes, 🧤accessories🎿, + backgrounds for your Capys on capy.art.

Spread the joy of the holidays by sharing 🎁gift boxes🎁 with your friends and family.

Let's dive in to our recap of Sui Testnet Wave 1, in which we successfully achieved our goal of practicing decentralized coordination and incident response on a geo-distributed Sui network with independent validators and node operators. 🧵

sui.io/resources-sui/… Some stats from Wave 1:

📈Total transactions processed : ~22 million
📦Total on-chain NFTs: ~11 million*
⛓️Total packages published: ~2,600*
🪙Total coins dispensed: 251B MIST
🗣️Total requests served: 4.19 million

🎉🥳Hello Validators! A milestone for the #Sui history books: Sui Testnet Wave 1 is live!🌊

This is a huge step towards a decentralized Sui Mainnet, as this is the first instance of a Sui Network with non-Mysten Labs operators.

Builders: continue building on Devnet 🧵(1/8) 🌐Testnet Wave 1 focuses on operators – specifically validators and those operating Full Nodes.

In Wave 1, we aim to improve our decentralized coordination + incident response, and identify a core group of operators who have experience in deploying, monitoring, and debugging.

Strong, effective, and efficient cryptography comprises a core pillar of #Sui.

Let’s dive into the first blog post in the #Cryptography in Sui series, which takes a look at best practices and why Sui supports certain algorithms and primitives.

🧵[1/7] As a core pillar of Sui cryptography, we created fastcrypto, a library published as an independent #Move crate making it easy for developers to implement strong security across their applications.

Today, we’re launching #Sui Capys – a fun new prototype that serves as a dev preview (not an airdrop!) and demonstrates key capabilities of Sui.

Capys leverage Sui’s object-oriented nature to allow portable accessories that players can trade and buy.

Let’s dive in🧵 [1/8] In this dApp, players can buy, trade, breed, & accessorize cartoon Capybaras. As programmable objects on Sui, Capys showcase principles such as:

🔹asset ownership
🔹transferability
🔹dynamic fields

They appear in a user’s explorer along with accessories.