#PI Report on the development dynamics of PI coin and Sui

Recently, significant events have occurred in the cryptocurrency and AI fields. The founder of PI币 announced the abandonment of PI币 to focus on SuiAgent, fully embracing the AI era. At the same time, Sui announced the establishment of its own exchange, aiming to become the world's number one. Below is a detailed report.

1. The strategic shift of the founder of PI coin.

Since its launch in 2019, PI coin has attracted a large number of users worldwide, aiming to create a decentralized cryptocurrency that everyone can easily participate in mining. However, as the project has developed, the founder has made a significant strategic adjustment by announcing the abandonment of PI coin. This decision is mainly due to the increasingly fierce competition in the cryptocurrency market, with PI coin facing a dual dilemma of technical bottlenecks and a market trust crisis. On the technical level, its consensus mechanism's efficiency and security have faced numerous doubts, making it difficult to achieve large-scale commercial applications; on the market level, tightening regulations and multiple missed deadlines for the mainnet launch have undermined investors' confidence.

The founder chose to join SuiAgent precisely because of the immense potential in the AI field. SuiAgent is built on Web3 and generative AI technology, providing cutting-edge on-chain AI agents for creators and communities, helping to design innovative solutions and enhance user engagement. Currently, AI technology is developing rapidly and has permeated various industries. The integration of AI and blockchain represented by SuiAgent is seen by the founder as a new track to achieve higher value, and they hope to seize the opportunity in the AI era.

2. Sui builds its own exchange, aiming for the pinnacle of the industry.

Sui is a high-performance blockchain platform developed based on the Move smart contract language, which has emerged in the blockchain field thanks to its technical advantages such as parallel execution architecture. Today, Sui announced the establishment of its own exchange, marking a key step in the expansion of its ecosystem.

Sui's self-built exchange aims to address the current pain points in cryptocurrency trading. Existing exchanges face issues such as slow transaction speeds, high fees, and security vulnerabilities. With its own technology, Sui hopes to create a highly efficient, low-cost, and secure trading platform. On the other hand, by controlling the exchange, Sui can better integrate ecological resources, promote the circulation of assets on the Sui chain, attract more developers and projects, and enhance ecological stickiness and competitiveness.

Sui is determined to make the exchange the world's number one, based on the following advantages: first, technological strength; Sui's high-performance architecture can significantly enhance transaction throughput and reduce transaction latency; second, ecological foundation; it has attracted numerous quality projects and developers, providing the exchange with a rich variety of trading pairs and liquidity; third, team vision and execution capability; the team has extensive experience in the blockchain and financial fields, with the determination and ability to turn the vision into reality.

3. Impact and Outlook

The departure of the PI coin founder is undoubtedly a heavy blow to the PI coin ecosystem, and user confidence may further decline, making the project's future development full of uncertainty. However, their joining SuiAgent is expected to inject new vitality into the Sui ecosystem and accelerate the innovative integration of AI and blockchain.

If Sui's self-built exchange can succeed, it will reshape the cryptocurrency trading landscape and drive the industry towards efficiency and security. However, it also faces challenges such as regulatory policies and market competition, and must continuously innovate and optimize services under compliance.

Overall, the cryptocurrency and AI sectors are rapidly developing and transforming. All parties need to closely monitor industry trends, seize opportunities, address challenges, and achieve sustainable development.