Sui Network Promises Expansion as Token Unlocks Approach

• Sui Network advances blockchain interoperability.
• New games on Sui focus on utility and user experience.
• Strategic unlocks increase SUI supply.

In a recent interview with DBCrypto, Abiodun discussed the innovations brought by Sui Network, highlighting its crucial role in improving blockchain interoperability. Abiodun explained that Sui acts as an essential layer for smooth transactions through APIs, similar to interactive platforms like Airbnb.

During the conversation, Abiodun mentioned plans to expand the adoption of cryptocurrencies in traditional companies, hinting at a future transformative partnership, although without revealing concrete details. According to him, this integration represents a significant step towards the mass adoption of blockchain.

Furthermore, Abiodun highlighted the gaming sector as a key driver for the mainstreaming of Web3. He noted that gamers are already accustomed to digital ownership and commerce. Mysten Labs, the company behind Sui, collaborates with renowned game studios to develop blockchain-based games that prioritize user experience over financial extraction.

In contrast to previous blockchain games that focused on token speculation, the new projects aim to introduce real utility, asset interoperability, and dynamic rewards systems. Abiodun suggested that these innovations could revolutionize players’ interactions with in-game economies, fostering a more natural and engaging integration with blockchain.

Sui Network to Unlock Over $250 Million

Regarding the financial aspect, Sui Network prepares to unlock over $250 million worth of its native token in early February. This move is part of a monthly unlocking strategy that aims to increase SUI’s circulating supply and therefore dilute investors’ holdings.

Data tracked by Finbold indicates that these unlocks are nothing new. Significant unlocks have occurred in the past, such as the one in December 2024, which released $224 million worth of 64,19 million tokens. A similar unlock is expected tomorrow, increasing Sui’s circulating supply and market cap by approximately 2,1%.

There are still 1,77 billion SUI remaining in contracts with scheduled unlocks, and over 5,22 billion tokens are classified as “TBD locked,” according to Tokenomist. At press time, the price of SUI was trading at $4,04, down 2% over the past 24 hours.