After observing the instability of the Sui blockchain, two projects within its ecosystem, GameFi Abyss World and NFT AMM Mobius, swiftly redirected their development efforts to other blockchain networks. They recognized the need for a more reliable infrastructure and opted to build their platforms on alternative blockchains.
Specifically, Abyss World is building on Polygon’s zk-EVM, while Mobius has transitioned to LayerZero.
Mobius, the NFT AMM project on Aptos and Sui, has gained valuable lessons during its time on the Sui blockchain. However, they have also recognized the limitations and potential risks within the ecosystem. This is the main reason why Mobius has decided to leave Sui in search of a new environment.
Abyss World, the GameFi project, has chosen to build on Polygon due to its fast transaction speed, diverse development tools for smart contracts, and support for decentralized applications (DApps). Additionally, the expansion of Abyss World to Polygon zk-EVM is excellent news for Web3 gamers.
The simultaneous migration and expansion of projects to other blockchains is an implicit warning sign that Sui is facing issues. This move is aimed at mitigating risks and ensuring the safety of the projects.
Sui has faced continuous criticism for its opaque tokenomics. Recently, there have been rumors that the Sui team secretly sold a portion of the staking rewards on Binance. However, Sui has denied these allegations.
Since its token launch and transition to the mainnet, the price of SUI has not experienced significant growth and has even shown a consistent downward trend.