LIVEdiamondduck
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while $w has disappointing performance in the beginning, the protocol itself has lots of potential.
it is like investing in chainlink in the early day
it is like investing in chainlink in the early day
$CRV
is it me or everyone thinks crv is a bit undervalued compared to other Defi protocols?
is it me or everyone thinks crv is a bit undervalued compared to other Defi protocols?
$SUI
This is big. Athens Exchange is going to build on sui.
Also, don’t forget that suilend will be on sui in 3 days.
This is big. Athens Exchange is going to build on sui.
Also, don’t forget that suilend will be on sui in 3 days.
$SUI
It’s understandable to feel apprehensive in the current market conditions. Many fear that a correction in Bitcoin’s price could lead to a downturn in the value of all cryptocurrencies.
However, examining the data provides a more nuanced perspective. Wormhole statistics indicate that over the past 30 days, SUI has been a prime destination for assets migrating from Ethereum. With the upcoming launch of Suilend on SUI, we can anticipate an influx of assets from Solana as well.
While selling your SUI holdings now might seem like a safe move, it’s worth considering that doing so could potentially benefit large investors or “whales” who are able to purchase these tokens at lower prices. This, in turn, could give them significant influence over the market in the future.
It’s understandable to feel apprehensive in the current market conditions. Many fear that a correction in Bitcoin’s price could lead to a downturn in the value of all cryptocurrencies.
However, examining the data provides a more nuanced perspective. Wormhole statistics indicate that over the past 30 days, SUI has been a prime destination for assets migrating from Ethereum. With the upcoming launch of Suilend on SUI, we can anticipate an influx of assets from Solana as well.
While selling your SUI holdings now might seem like a safe move, it’s worth considering that doing so could potentially benefit large investors or “whales” who are able to purchase these tokens at lower prices. This, in turn, could give them significant influence over the market in the future.
$SUI
One week left for suilend to be on sui network, you can check it at suilend.fi
I assume that after the launch, lots of assets will get transfered to sui from solana.
One week left for suilend to be on sui network, you can check it at suilend.fi
I assume that after the launch, lots of assets will get transfered to sui from solana.
$SUI
If you hold sui when it is between .6-.8, the price movement now is exactly like this. Keep bouncing between .7 and .8 for several days.
It shakes out all weak hands then it rallies to 1.4.
My advices here are to be patient. Suilend will be on sui soon. The coming unlocks are unlikely to affect the price immidiately. It will be used as incentives to attract more funds to come to sui.
If you hold sui when it is between .6-.8, the price movement now is exactly like this. Keep bouncing between .7 and .8 for several days.
It shakes out all weak hands then it rallies to 1.4.
My advices here are to be patient. Suilend will be on sui soon. The coming unlocks are unlikely to affect the price immidiately. It will be used as incentives to attract more funds to come to sui.
starknet ($STRK )vs arbitrum ($ARB )
Starknet without of doubt is a very good project. However, their technology is just as good as any other layer 2 solutions (e.g. polygon).
The only benefit of their system is that their snark algorithm relying a more standard assumption (i.e. collision resistance) than the assumption used in snark for polygon. Hence, for theoreticians, starknet can be considered more secure + quantum resistant than other L2 solutions.
However, to drive price up, one needs to rely on onchain activities + tvl. Currently, arb has 3b tvl, and strk only has 100m. Market cap of arb is at 2b, and strk is at 1.4b. I strongly believe that strk is overvalued.
#Write2Earn #strk #ArbitrumDAO
Starknet without of doubt is a very good project. However, their technology is just as good as any other layer 2 solutions (e.g. polygon).
The only benefit of their system is that their snark algorithm relying a more standard assumption (i.e. collision resistance) than the assumption used in snark for polygon. Hence, for theoreticians, starknet can be considered more secure + quantum resistant than other L2 solutions.
However, to drive price up, one needs to rely on onchain activities + tvl. Currently, arb has 3b tvl, and strk only has 100m. Market cap of arb is at 2b, and strk is at 1.4b. I strongly believe that strk is overvalued.
#Write2Earn #strk #ArbitrumDAO
It is rising
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Sui Revealed As Top Destination for DeFi Inflows Over the Last 30 Days
Grand Cayman, Cayman Islands, February 15th, 2024, Chainwire
Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined.
Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds through Wormhole, one of the most important cross-chain bridges for wrapped tokens and NFTs, and the one most used on the preeminent decentralized exchange, Uniswap.
As the Sui ecosystem has been gaining remarkable traction during the past month – surpassing $600M in Total Value Locked and entering the top 10 of DeFi ecosystems – the data from Wormhole shows that the origin of a lot of these funds is Ethereum. Of the almost $500M worth of funds that were bridged from Ethereum through Wormhole in the last 30 days, over 64% of it was moved to Sui — more than all of the funds sent to Solana, Arbitrum, Polygon, and every other chain combined.
According to the Wormhole data, most of these bridged assets are stablecoins, with USDC and USDT bridged to Sui accounting for $134M and $78M of the volume respectively.
source: wormholescan.io
“The prevalence of users migrating assets to Sui demonstrates a growing belief in the strength of Sui’s underpinning technology and the community of builders, developers, and enthusiasts that power the ecosystem,” said Greg Siourounis, Managing Director at the Sui Foundation. “The Sui community looks forward to continuing to push the boundaries of DeFi and offering an industry-defining experience for users and builders alike.”
source: Sui Internal Data
Also notable in the context of Sui’s emergence in DeFi, Sui’s internal data reflects the acceleration of the growth in bridged stablecoins USDC and USDT to the Sui ecosystem that began in Q4 of 2023. TVL of USDC and USDT went from hovering below $50M to spiking well beyond $250M, a rise of over 400% in less than five months.
In recent months, in addition to the empirical data, there is also a qualitative trend that points to Sui becoming a primary hub of DeFi’s excitement and activity — top projects choosing to build on Sui. In December 2023, two leading projects that began on other protocols chose Sui for expansion or complete migration.
Solend, which remains the top lending protocol on Solana at nearly $180M in TVL, has devoted a full team to launching a new lending protocol on Sui that will be called Suilend. Likewise, Bluefin, a decentralized derivatives exchange that had already achieved over $1B in transaction volume on its v1 application on Arbitrum, shuttered its initial implementation to focus entirely on the newest version built on Sui, reaching $2.3B in volume in its first four months on the network. Both projects cited the performance capabilities of Sui in explaining their moves.
More recently, Sui announced two more important steps in turning Sui into the DeFi platform of choice for builders, developers, and their users. First, together with Ondo Finance—the third-largest platform bringing tokenized real-world assets onto public blockchains, Sui announced the launch of interest-bearing stablecoin substitutes on Sui. Just as important, a new partnership with Banxa, a leading payments infrastructure provider for the crypto-compatible economy, will enable on and off-ramps via the Banxa platform. Combined, these steps will broaden the appeal of the Sui platform to include a far wider audience.
Contact
Sui Foundationmedia@sui.io
The post Sui Revealed as Top Destination for DeFi Inflows Over the Last 30 Days appeared first on Crypto News Land.
Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined.
Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds through Wormhole, one of the most important cross-chain bridges for wrapped tokens and NFTs, and the one most used on the preeminent decentralized exchange, Uniswap.
As the Sui ecosystem has been gaining remarkable traction during the past month – surpassing $600M in Total Value Locked and entering the top 10 of DeFi ecosystems – the data from Wormhole shows that the origin of a lot of these funds is Ethereum. Of the almost $500M worth of funds that were bridged from Ethereum through Wormhole in the last 30 days, over 64% of it was moved to Sui — more than all of the funds sent to Solana, Arbitrum, Polygon, and every other chain combined.
According to the Wormhole data, most of these bridged assets are stablecoins, with USDC and USDT bridged to Sui accounting for $134M and $78M of the volume respectively.
source: wormholescan.io
“The prevalence of users migrating assets to Sui demonstrates a growing belief in the strength of Sui’s underpinning technology and the community of builders, developers, and enthusiasts that power the ecosystem,” said Greg Siourounis, Managing Director at the Sui Foundation. “The Sui community looks forward to continuing to push the boundaries of DeFi and offering an industry-defining experience for users and builders alike.”
source: Sui Internal Data
Also notable in the context of Sui’s emergence in DeFi, Sui’s internal data reflects the acceleration of the growth in bridged stablecoins USDC and USDT to the Sui ecosystem that began in Q4 of 2023. TVL of USDC and USDT went from hovering below $50M to spiking well beyond $250M, a rise of over 400% in less than five months.
In recent months, in addition to the empirical data, there is also a qualitative trend that points to Sui becoming a primary hub of DeFi’s excitement and activity — top projects choosing to build on Sui. In December 2023, two leading projects that began on other protocols chose Sui for expansion or complete migration.
Solend, which remains the top lending protocol on Solana at nearly $180M in TVL, has devoted a full team to launching a new lending protocol on Sui that will be called Suilend. Likewise, Bluefin, a decentralized derivatives exchange that had already achieved over $1B in transaction volume on its v1 application on Arbitrum, shuttered its initial implementation to focus entirely on the newest version built on Sui, reaching $2.3B in volume in its first four months on the network. Both projects cited the performance capabilities of Sui in explaining their moves.
More recently, Sui announced two more important steps in turning Sui into the DeFi platform of choice for builders, developers, and their users. First, together with Ondo Finance—the third-largest platform bringing tokenized real-world assets onto public blockchains, Sui announced the launch of interest-bearing stablecoin substitutes on Sui. Just as important, a new partnership with Banxa, a leading payments infrastructure provider for the crypto-compatible economy, will enable on and off-ramps via the Banxa platform. Combined, these steps will broaden the appeal of the Sui platform to include a far wider audience.
Contact
Sui Foundationmedia@sui.io
The post Sui Revealed as Top Destination for DeFi Inflows Over the Last 30 Days appeared first on Crypto News Land.
I’m hesitant to share this, but I believe it’s important for the community to be aware. $SEI appears to be overvalued.
The founders have withdrawn funds exceeding the total value locked (TVL) in their system, which stands at $20 million.
Their reliance on the Ethereum Virtual Machine (EVM) technology is considered outdated compared to newer blockchain innovations.
In contrast, projects like $SUI and Aptos are at the forefront of blockchain technology, incorporating state-of-the-art consensus mechanisms, utilizing new and more secure programming languages for smart contracts, and enabling parallel execution. Notably, Sui has a TVL of $600 million.
While having a substantial market cap is not inherently problematic, it’s perplexing that SEI’s market cap surpasses that of Sui, given the latter’s technological advancements and innovation.
I suggest focusing on genuine innovation rather than getting caught up in the hype.
#Write2Earn #SUI #Sei
The founders have withdrawn funds exceeding the total value locked (TVL) in their system, which stands at $20 million.
Their reliance on the Ethereum Virtual Machine (EVM) technology is considered outdated compared to newer blockchain innovations.
In contrast, projects like $SUI and Aptos are at the forefront of blockchain technology, incorporating state-of-the-art consensus mechanisms, utilizing new and more secure programming languages for smart contracts, and enabling parallel execution. Notably, Sui has a TVL of $600 million.
While having a substantial market cap is not inherently problematic, it’s perplexing that SEI’s market cap surpasses that of Sui, given the latter’s technological advancements and innovation.
I suggest focusing on genuine innovation rather than getting caught up in the hype.
#Write2Earn #SUI #Sei
$SUI is good to hold long term.
Imo, Sui is much better system than $SEI. Sei ecosystem has less than 50m tvl while Sui has more than 500m.
Yet, the market cap of Sei is still bigger than the market cap of Sui.
Please tell me one technology that Sei has that Sui does not have. The state of the art in Parallel state execution is introduced by sui and aptos researchers.
Imo, Sui is much better system than $SEI. Sei ecosystem has less than 50m tvl while Sui has more than 500m.
Yet, the market cap of Sei is still bigger than the market cap of Sui.
Please tell me one technology that Sei has that Sui does not have. The state of the art in Parallel state execution is introduced by sui and aptos researchers.
$SUI suilend will drop some big news very soon. Don’t miss this news. You may regret it.
We saw FTX sold btc when etf gets approved.
They gonna do the same for their solana holding.
SUI and APT seem to be the only two legit L1 these days, but again, FTX has lots of APT to dump on users once their tokens are unlocked.
So the only hope is with $SUI now.
They gonna do the same for their solana holding.
SUI and APT seem to be the only two legit L1 these days, but again, FTX has lots of APT to dump on users once their tokens are unlocked.
So the only hope is with $SUI now.
$SUI
Suilend will likely be on sui on 2.14.24 after tweeting 2.14 on their tweeter account. I assume when suilend is on sui, they will have lots of incentives to attract liquidity from solana. Hold on to your sui.
Suilend will likely be on sui on 2.14.24 after tweeting 2.14 on their tweeter account. I assume when suilend is on sui, they will have lots of incentives to attract liquidity from solana. Hold on to your sui.
$SUI
Solend will land on sui these coming weeks. It is not a good idea to dump sui now. Money from solana will come to sui system.
Solend will land on sui these coming weeks. It is not a good idea to dump sui now. Money from solana will come to sui system.
Solend is going to be on Sui in few weeks, they are in testing phase. Hold your bag. $SUI