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Sui Network Adds Google – Twitch and Facebook Logins for dApps
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Sui Network aims to make web3 access simpler by allowing user registrations on its apps without the need for managing an external crypto wallet or seed phrase.
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In a press release dated September 13, the Sui Foundation announced a new feature called zkLogin (Zero Knowledge login), allowing users to access decentralized applications (dapps) using their Google, Facebook, and Twitch login credentials.
This move is aimed at simplifying web3 access and making it more user-friendly, eliminating the need to manage external crypto wallets or seed phrases.
The blockchain industry has often struggled with user onboarding due to the complexity involved in setting up web3 wallets and handling seed phrases. The zkLogin feature, however, maintains security and privacy features inherent to blockchain applications while enhancing user-friendliness.
The technology behind zkLogin, known as zero-knowledge proof, allows the verification of a statement’s authenticity without revealing any additional information beyond confirming the statement’s truth.
The Sui token (SUI) is also gearing up for a significant token unlock event scheduled for October. This event could potentially impact the token’s market behavior, with over 1.9 million tokens valued at over $800,000 set to be released.
SUI/USD 24 hr price chart | Source: CoinMarketCap
Recent data shows increased trading activity within the Sui network, with the trading volume nearly doubling from $1.57 million on September 8 to approximately $3.03 million. As of the latest data, the SUI token is trading at around $0.438, reflecting a 0.46% increase in the last 24 hours, according to CoinMarketCap.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoNews #cryptomarket #Sui #Suinetwork #dApps
Sui Network aims to make web3 access simpler by allowing user registrations on its apps without the need for managing an external crypto wallet or seed phrase.
Ad. Get $50 USDT Reward From CryptosHeadlines. Click Here To Join
In a press release dated September 13, the Sui Foundation announced a new feature called zkLogin (Zero Knowledge login), allowing users to access decentralized applications (dapps) using their Google, Facebook, and Twitch login credentials.
This move is aimed at simplifying web3 access and making it more user-friendly, eliminating the need to manage external crypto wallets or seed phrases.
The blockchain industry has often struggled with user onboarding due to the complexity involved in setting up web3 wallets and handling seed phrases. The zkLogin feature, however, maintains security and privacy features inherent to blockchain applications while enhancing user-friendliness.
The technology behind zkLogin, known as zero-knowledge proof, allows the verification of a statement’s authenticity without revealing any additional information beyond confirming the statement’s truth.
The Sui token (SUI) is also gearing up for a significant token unlock event scheduled for October. This event could potentially impact the token’s market behavior, with over 1.9 million tokens valued at over $800,000 set to be released.
SUI/USD 24 hr price chart | Source: CoinMarketCap
Recent data shows increased trading activity within the Sui network, with the trading volume nearly doubling from $1.57 million on September 8 to approximately $3.03 million. As of the latest data, the SUI token is trading at around $0.438, reflecting a 0.46% increase in the last 24 hours, according to CoinMarketCap.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoNews #cryptomarket #Sui #Suinetwork #dApps
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The price of the SUI token continues to move up despite the Bitcoin correction
The Sui cryptocurrency (SUI) is still in an upward trend, attracting the attention of investors and traders. Despite stiff resistance at $1.50, the digital asset is showing strong bullish momentum, hinting at future gains. However, SUI has seen a slight price correction in the last 24 hours, causing some uncertainty among investors.
During the correction, SUI price fell to an intraday low of $1.31, where support was found, then rebounded to the $1.40 level. This price action suggests that buying interest in SUI is still strong, and investors may view this correction as a buying opportunity to add to their positions.
#Sui #SUIUSDT #Suinetwork #SUI-
$SUI
The Sui cryptocurrency (SUI) is still in an upward trend, attracting the attention of investors and traders. Despite stiff resistance at $1.50, the digital asset is showing strong bullish momentum, hinting at future gains. However, SUI has seen a slight price correction in the last 24 hours, causing some uncertainty among investors.
During the correction, SUI price fell to an intraday low of $1.31, where support was found, then rebounded to the $1.40 level. This price action suggests that buying interest in SUI is still strong, and investors may view this correction as a buying opportunity to add to their positions.
#Sui #SUIUSDT #Suinetwork #SUI-
$SUI
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The price of the SUI cryptocurrency has reached a new all-time high
Sui (SUI) was among the best-performing cryptocurrencies today (January 15), reaching an all-time high price of $1.43 (data from CoinGecko). The last time the coin reached $1.4 was in May 2023 after the launch of the Sui Network mainnet.
SUI's market capitalization has surpassed $1.5 billion, making it the 51st digital asset by this indicator.
CoinGecko Data
The asset's current rise comes amid a broad market correction that followed Bitcoin's sharp rise following the approval of spot Bitcoin ETFs in the United States.
However, SUI is going against the market trend. Today, the total value locked (TVL) on the Sui network soared to a peak of nearly $350 million, after last week's trading volume fluctuated between $30 million and $76 million, according to DefiLlama.
#Sui #SUI- #SUIUSDT #Suinetwork
$SUI
Sui (SUI) was among the best-performing cryptocurrencies today (January 15), reaching an all-time high price of $1.43 (data from CoinGecko). The last time the coin reached $1.4 was in May 2023 after the launch of the Sui Network mainnet.
SUI's market capitalization has surpassed $1.5 billion, making it the 51st digital asset by this indicator.
CoinGecko Data
The asset's current rise comes amid a broad market correction that followed Bitcoin's sharp rise following the approval of spot Bitcoin ETFs in the United States.
However, SUI is going against the market trend. Today, the total value locked (TVL) on the Sui network soared to a peak of nearly $350 million, after last week's trading volume fluctuated between $30 million and $76 million, according to DefiLlama.
#Sui #SUI- #SUIUSDT #Suinetwork
$SUI