Sui Witnesses an 11% Surge as Alibaba Cloud Intensifies Network Support

Sui saw an 11% surge in its price on Wednesday, driven by enhanced network support from Alibaba Cloud.

Sui experienced an almost 11% price surge on Wednesday, holding a 24-hour range between $1.12 and $1.31. Over the past two weeks, the Sui token has seen an impressive 60% increase, as analyzed by CoinGecko.

This uptick aligns with Alibaba Cloud’s extended collaboration with Mysten Labs, aimed at providing enhanced support for developers within the Sui network.

As stated, the collaboration brings forth a range of services and tools aimed at fostering ecosystem growth. Alibaba Cloud’s extended offerings encompass the integration of their cloud services into Scale3 Labs’ Autopilot platform.

This integration allows developers to deploy Sui full nodes with a single click, streamlining access to blockchain technology.

Additionally, Alibaba Cloud is set to provide comprehensive observability tools for blockchain nodes and validators, featuring vital functions such as alerting, monitoring, and AI-enabled logging.

Concurrently, there are reports of Mysten Labs and ChainIDE collaborating on the development of an AI-assisted tool for ChainIDE, a development environment centered around blockchain.

Sui Network Strives to Overcome Disparities
Mysten Labs’ partnership with Alibaba Cloud goes beyond development tools. The collaboration extends to supporting incubator projects and organizing hackathons in strategic locations such as Hong Kong, Singapore, and Dubai, with a primary focus on expanding the Sui network’s ecosystem.

The initiative also aims to enhance transaction efficiency and streamline user onboarding for developers utilizing Alibaba Cloud services.

In the preceding year, Alibaba Cloud initiated the customization of services for Sui developers, prioritizing secure infrastructure and archival node services.

Alibaba Cloud’s latest services, featuring AI-enabled development environments and the translation of Move documentation into Asian languages, aim to address the challenge of a limited pool of developers.

The comprehensive support provided by Alibaba Cloud for the Sui builder community goes beyond Web3 technology, seamlessly integrating the benefits of blockchain with user-friendly online tools.

This collaborative effort has the potential to elevate the utility and engagement of the Sui network while providing valuable support to developers.

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