Top Layer 3 Blockchain Solutions in 2025
November 27, 2024Table of Contents
Introduction
Every day, the blockchain and cryptocurrency landscape is a battleground of innovation. Digital assets, DeFi and CeFi platforms, and blockchains are constantly vying for supremacy, each pushing the boundaries of what’s possible. While the battle’s on, the SUI has been thriving as a cutting-edge layer-1 solution, bringing new features, low latency, high scalability, speed, and a developer-friendly environment.
The demand for more efficient, scalable, and user-friendly trading platforms keeps another battle kindled. SUI blockchain exchange development, however, proposes an incredible extinguisher given its capabilities. The blockchain provides a robust foundation for creating decentralized, hybrid, or centralized exchanges with unparalleled performance.
Without much ado, let’s explore the features, benefits, and development process that must be considered when building a crypto exchange on SUI.
The Promise Of Blockchain Over-Delivered, The SUI Revered!
Conceived by Mysten Labs, the layer 1 trending blockchain is delivering what it promised and, therefore, gaining massive traction. With the “direct digital ownership,” wiping out erratic middlemen, the move’s incredible security, the convenience of Web2, and unrivaled throughput with low fees, the blockchain went over and beyond the call of duty.
SUI is designed to cater to the next generation of dApps, including crypto exchange software solutions that require rapid execution and low fees. The inventive network introduces a standout architecture that enables parallel execution of multiple transactions, significantly boosting transaction throughput and slashing latency compared to conventional layer 1s. Boasting to handle up to a whopping 297,000 transactions per second without noteworthy gas spikes, the platform is perfect for gaming and cryptocurrency exchange development. The sensational speed makes it one of the quickest blockchains, head-to-head with Solana, Near, and others.
Standout Features of SUI Blockchain Exchange
- Object-Centric Model: Unlike traditional blockchains that focus on accounts, SUI treats each piece of data as a unique object. This allows for direct access and manipulation without scanning the entire state, making the blockchain suitable for large-scale cryptocurrency exchange development.
- Move Programming Language: Move is a resource-oriented programming language that guarantees strong security against common vulnerabilities like asset duplication. It treats digital assets as first-class citizens, ensuring they can only exist in one location at any given time. This makes the crypto exchange on SUI a hard nut to crack for hackers and unethical entities.
- Parallel Transaction Processing: SUI’s ability to process multiple individual operations simultaneously (up to 1024 individual operations per transaction) enhances scalability. By identifying independent transactions that can be executed in parallel, it can maintain high throughput while ensuring safety and consistency on an SUI blockchain exchange.
- Simplified Onboarding: SUI blazes the trail with user acquisition features. The protocol mimics the Web 2.0 onboarding experience by allowing users to create custody solutions with web credentials and not seed phrases. At initial phases, exchanges and DeFi protocols can also sponsor gas fees to trigger mass adoption.
Benefits of Building Crypto Exchange on SUI
If you’re planning to build a SUI DEX exchange, you must learn about the benefits that you can derive from this integration.
- High Scalability: The architecture seamlessly supports 2,97,000 TPS (maximum theoretical) with a parallel transaction execution model. This makes the blockchain ideal for building ecosystems where high-volume transactions and real-time interactions are critical (mainly SUI crypto exchange development, other DeFi, and gaming platforms).
- Efficient Asset Management: Sui supports dynamic and programmable asset creation, making its management and listing easier on exchanges.
- Low Transaction Fees: The blockchain enables exchanges to process millions of daily transactions without congestion and gas spikes. Low transaction fees achieved through efficient processing mechanisms make crypto exchange on SUI attractive for institutional and retail traders. It’s not only effective in gaining new customers but also in retaining existing ones.
- Enhanced Security and User Experience: Near-instant transaction finality ensures trades are executed quickly and efficiently, augmenting the overall user experience. The Move programming language leveraged in SUI blockchain exchange development, on the other hand, enforces strict ownership rules and prevents unauthorized asset access, providing a secure trading environment for traders. Moreover, the blockchain network leverages the DPoS (delegated proof of stake) mechanism, where validators are incentivized to preserve network integrity while slashing energy consumption.
- Developer-Friendly Environment: With comprehensive documentation and resources available through the SUI developer portal, building crypto exchange on SUI becomes streamlined and accessible for developers of all skill levels. However, it is still advisable to hire the best crypto exchange development company to avoid any inconvenience while setting up your SUI exchange platform solutions.
Steps to Build a Decentralized Exchange on SUI
1. Define Your Exchange Model
Conduct thorough market research and deduce which type of exchange you want to build—a CEX, DEX, or hybrid. You can identify and list trading pairs, effective liquidity management mechanisms, and features in demand, such as staking, token swapping, authentication, reward and referral programs, fiat on/off ramps, P2P trading modules, etc.
2. Partner With A Reliable Crypto Exchange Development Company
After putting together your requirements, you’ll need someone who can install and configure the SUI SDK and node infrastructure. You can entrust a reliable crypto exchange development company with building a robust smart contract-driven crypto exchange infrastructure. Leveraging their expertise in Move, they can design pertinent solutions for order matching, liquidity provision, and fee structures.
3. Develop User Interface (UI)
Create an intuitive UI using modern web technologies (e.g., React or Vue.js) to enable frictionless trading and portfolio management on your SUI blockchain exchange. By keeping simple and clear navigation, you can ensure that users can easily steer through trading options, view charts, and manage their portfolios efficiently.
4. Smart Contract Development and Implementation
Utilizing Move’s features, the technology provider will create secure contracts that manage trades and user balances and other autonomous functions. They also implement functions for adding/removing liquidity, executing trades, and distributing rewards. The crypto exchange development company will wrap up the backend development by building backend systems to handle APIs, trading engines, and database management.
5. Integrate Wallet Support
To enable seamless interactions between the trading platform, the technology partner will integrate popular wallets. It won’t only simplify interactions between your SUI blockchain exchange and popular wallets but will contribute significantly to broadening the user base.
6. Testing and Deployment
Conduct rigorous testing on testnets to identify any bugs and security vulnerabilities before it hampers the user experience. A series of tests is required to make sure that there is no scope for any data pilferage or unauthorized intervention. After getting any errors resolved, it’s time to deploy your crypto exchange on SUI mainnet once all functionalities are verified.
Final Word
The SUI network is making significant strides due to its unique utility, consistent investors’ support, and massive market attention. Given its amazing user engagement metrics and soaring transaction volumes and prices, it will evidently establish itself as a top player in the Layer 1 landscape. It’s recent partnerships with Babylon Labs, Circle’s USDC, Lombard Protocol, Franklin Templeton, Mysten Labs, Google Cloud, and various other renowned niche players are aimed at fostering innovation, improving user experience, and driving the adoption of protocols.
Its unique architecture and robust features make it a perfect fit for scalable, secure, and user-friendly SUI blockchain exchange development.
Let’s harness the potential of SUI and build a trading platform that can compete in today’s fast-paced crypto market. Share your requirements right away!