$BLUE is a decentralized spot and derivatives trading platform on Sui, which has become the largest DEX by trading volume in the Sui ecosystem, with a cumulative trading volume exceeding $39 billion, and the fee income for this year has reached $9.78 million.
Compared to other mainstream DEXs like Jupiter on Solana and GMX on Arbitrum, $BLUE's FDV is relatively low, with a pre-market price corresponding to a market capitalization of about $40 million, and an FDV of about $280 million.
Considering the significant selling pressure from airdrops, it is recommended to focus on the range of $0.15—$0.2. For a more conservative approach, one can enter below $0.15, which is a lower-risk safe zone. This project is relatively compared to platforms like GMX and SynFutures, showing certain potential.
