This partnership will facilitate the growth and adoption of the Sui ecosystem by providing developers with the necessary tools and resources.
Tencent Cloud, a Chinese-based cloud computing platform that introduced its blockchain RPC in September 2023, has enhanced its collaboration with Mysten Labs and Sui blockchain. This partnership aims to deliver high-performance solutions and robust infrastructure to developers interested in constructing decentralized applications (dApps) on the Sui network.
By collaborating with Tencent Cloud’s Blockchain RPC service, Sui, a Layer 1 blockchain designed for seamless smart contract execution, will give its developers the opportunity to leverage the powerful computing resources and advanced features offered by one of the industry’s formidable cloud service providers.
🤝We’re happy to announce that we’re officially partnering with technology & entertainment leader @TencentCloud!
We will grow the @SuiNetwork ecosystem through collaboration across:
👾GameFi
🧾Payments
☁️Cloud ServicesExciting things are coming! #Suinami 🌊 pic.twitter.com/VAUGQjXump
— MystenLabs.sui (@Mysten_Labs) February 9, 2023
Sui developers will gain access to a robust and reliable infrastructure for building dApps on the Sui network. This partnership will facilitate the growth and adoption of the Sui ecosystem by providing developers with the necessary tools and resources. Furthermore, the blockchain can leverage Tencent Cloud’s scalable infrastructure to accommodate increasing demand and ensure high-performance execution of decentralized applications.
Tencent Cloud Services Are Well Tailored for Web3 Development
The Tencent Cloud Blockchain RPC boasts an impressive array of capabilities tailored to the needs of Web3 developers. The solution now provides support for over 20 blockchain networks including Ethereum, Solana, and Polygon. One of its standout features is its high request throughput, capable of handling 1,800 requests per blockchain chain – surpassing the capabilities of many established RPC providers. Additionally, the platform’s ultra-fast response times, with its main interface maintaining latency below 5 milliseconds, ensure a seamless and efficient development experience.
Furthermore, to ensure a seamless development experience, the blockchain provides 24/7 enterprise-level technical support with dedicated personnel assigned exclusively to the RPC service. This allows developers to address any issues or queries promptly, facilitating efficient and uninterrupted progress on their Web3 projects.
As Tencent Cloud continues to expand its global reach, its blockchain RPC platform has established itself firmly in Asia. In rigorous stress tests conducted in Hong Kong and Singapore, focusing on critical methods like eth_blockNumber and eth_getLogs, Tencent has demonstrated significantly better latency compared to other RPC providers. This regional performance advantage reflects the company’s commitment to delivering a seamless and efficient experience for developers in Asia and beyond.
Sui Network Keeps Growing With New Partnerships and Strong Market Sentiment
The SUI token, which was launched in May 2023, had a decline after its release but bottomed out in October at around $0.36. The price has since continued to rally and has gained significantly. It has surged to $2.1 (the current All-Time High), representing a close to 500% gain from the last major bottom in October. The bullish rally can be attributed to various partnerships that the company has formed, as such moves usually increase positive sentiment around a token.
The community sentiment around the token is also increasing, with the blockchain network recently announcing that it has surpassed more than $700,000,000 in total value locked since its launch. With the latest partnership, we may expect to see SUI continue to reach new all-time highs, as solutions that make it easier for developers to contribute positively to the network are continuously being built.