Sui's strong rise: market capitalization enters the top 20, with a plethora of ecological projects blooming.

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Analysis of Recent Developments and Market Performance of Sui

Sui, as an emerging Layer 1 blockchain project, has recently performed impressively in the market, entering the top 20 in market capitalization. This article will analyze Sui's latest developments from multiple perspectives.

Market Performance

Sui has continued to strengthen since the fourth quarter of 2023, with a quarter-on-quarter market capitalization growth of 176% in the first quarter of 2024. On March 27 of this year, the price of Sui reached a historical high of $2.18. As of October 3, the price of Sui is approximately $1.92, with an increase of over 100% in the past three months.

TVL broke through 1 billion USD, market cap entered the top 20, what has happened to Sui recently?

Development of Ecological Projects

The Sui ecosystem is rapidly expanding and has attracted numerous projects to settle in:

DeFi project

  • Cetus: DEX platform with a TVL of $180 million
  • Navi: The largest lending protocol by TVL, managing $410 million in assets.
  • Scallop: Another major lending protocol, managing $170 million in assets.
  • DeepBook: Sui's first order book DEX

TVL exceeded 1 billion USD, market cap entered the top 20, what happened recently with Sui?

wallet

  • OKX Wallet: Supports multi-chain functionality including Sui
  • Sui Wallet: The most widely used native wallet in the ecosystem
  • Suiet: Open-source self-hosted wallet

TVL突破10亿美元,市值闯进前20,Sui近期发生了什么?

Game Project

  • SuiPlay0x1: Lightweight handheld gaming device, presale of 2000 units
  • DARKTIMES: A battle royale game supported by Animoca

TVL breaks through 1 billion USD, market cap enters the top 20, what has happened with Sui recently?

Meme Token

Multiple meme tokens have also appeared on Sui, such as $Hippo, $BLUB, and $FUD, with a market capitalization reaching tens of millions of dollars.

TVL surpasses 1 billion USD, market cap enters top 20, what has happened with Sui recently?

Technical Advantages

The main technological advantages of Sui include:

  1. Object-oriented account model, enhancing flexibility and parallel processing capabilities

  2. Native randomness support provides a foundation for applications such as games.

  3. Native zero-knowledge proof support, enhancing privacy protection

  4. zkLogin function enables trustless identity authentication in Web3

TVL breaks through 1 billion USD, market cap enters the top 20, what has happened with Sui recently?

Future Outlook

Sui has long-term development potential thanks to its innovative technology and strong team. However, it still faces challenges such as fierce market competition and a lack of blockbuster applications. Investors need to closely monitor its ecological development progress and carefully assess the risks.

TVL broke 1 billion USD, market cap entered the top 20, what happened recently with Sui?

TVL突破10亿美元,市值闯进前20,Sui近期发生了什么?

TVL突破10亿美元,市值闯进前20,Sui近期发生了什么?

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ImpermanentLossEnjoyervip
· 2h ago
Came too early, can't get the low position anymore.
View OriginalReply0
HodlVeteranvip
· 23h ago
It's time for the suckers to enter a position in an orderly manner.
View OriginalReply0
CryptoCross-TalkClubvip
· 07-10 17:40
As expected from a sucker harvesting machine, it just finished playing people for suckers last month and is starting to rise again.
View OriginalReply0
EntryPositionAnalystvip
· 07-10 17:29
Charge, charge, charge, enter a position!
View OriginalReply0
FundingMartyrvip
· 07-10 17:19
I observed the pump of Sui.
View OriginalReply0
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