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Binance Exchange, the largest digital currency trading platform, is sitting at the forefront of innovations in the Web3.0 ecosystem as it has pledged support for the Sui Mainnet launch scheduled for May 3. As contained in an announcement from the trading behemoth, it revealed it will be launching the SUI token on the Binance Launchpool, a move that is set to grant every BNB and TUSD holder an opportunity to deposit their tokens and farm SUI.

The SUI token will be the 33rd project supported on the Binance Launchpool and the exchange noted that the landing page for SUI is programmed to go live 4 hours before the Launchpool will commence.

The clamor over SUI has been on for more than a year. Being the brainchild of the Mysten Labs, most of which are Meta Alumni that worked on the Libra/Diem project, the projections that the Sui protocol will outrank existing protocols in existence with respect to crucial metrics is high.

The signs are already very promising for Sui, both as a blockchain network and as a cryptocurrency. Tests conducted leading to the launch have shown that the protocol can permit as high as 300,000 Transactions Per Second (TPS), a figure that many existing projects are unable to boast of.

Besides this, the total number of potential innovators queuing up to be a part of the Sui ecosystem is growing by the day. One of the crucial signs is Binance pledging support for the network, even before its listing. While the Binance support is a very significant one considering its millions of users, other known exchanges including OKX and KuCoin are also supporting the Sui mainnet launch through the listing of the native token.

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Thus far this year, the blockchain ecosystem has recorded a mix of highs and lows with the bankruptcy of some entities of Genesis casting doubts on the future performance of the industry. However, we have seen a broader resilience with some impressive tokens, especially memecoins, fueling the renewed vigor that the industry has not seen since the early days of Shiba Inu.

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One such digital token that is listed is PEPE. This coin has effectively turned an investment of $245 into 6 digits figures, creating millionaires in a matter of days. The industry has a very high hope for SUI with the expectation that the cryptocurrency will also print a very massive upsurge following its listing by the top exchanges that are on track for the listing.

Sui has utility and it has both the backing of top venture capital firms in the industry as well as that of the consumers. Time will show how well the project will fare in line with existing Layer-1 competitors.

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