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Exploring the Sui Ecosystem: Key Projects and Infrastructure

The Sui blockchain #SUI🔥 , a Layer 1 #Layer1 network, has seen significant development and adoption since its mainnet launch. This overview highlights some notable projects within its ecosystem, focusing on their roles and functionalities.

Sui Network (SUI Token)
Role:SUI is the native token of the Sui blockchain.
Function: It powers the network, used for paying gas fees (transaction computation and storage), participating in staking (contributing to network security via the Delegated Proof-of-Stake mechanism), and governance (allowing token holders to vote on protocol upgrades).
Ecosystem Position: As the foundational asset, SUI facilitates all operations and economic activity on the Sui network. The network has demonstrated substantial on-chain activity and liquidity.

Key Ecosystem Protocols:

1. Cetus (CETUS Token): #CETUS🔥🔥🔥
Function: Cetus operates as a leading decentralized exchange (DEX) #DEX and concentrated liquidity protocol on Sui.
Utility: The CETUS token is used within its ecosystem for governance voting, fee discounts, and liquidity mining incentives. It enables users to swap tokens and provide liquidity efficiently.
Context: DEX protocols are core infrastructure for decentralized finance (DeFi) #defi ecosystems.

2. NAVI Protocol (NAVI Token):
Function: NAVI provides decentralized lending and borrowing services on the Sui blockchain.
Utility: The NAVI token facilitates governance, allowing holders to participate in decisions regarding the protocol's parameters and future development. Users can supply assets to earn yield or borrow assets against collateral.
Context: Lending protocols are fundamental components for capital efficiency in DeFi.

3. DeepBook
Function:DeepBook serves as a decentralized, on-chain central limit order book (CLOB) developed natively on Sui.
Role: It acts as core liquidity infrastructure, providing deep liquidity pools and efficient price discovery for other DeFi applications built on Sui (like DEXs). It is not typically represented by a public tradable token itself.
Context: Robust liquidity infrastructure is crucial for a healthy trading environment.

4. Sui Name Service (SuiNS):
Function: SuiNS provides human-readable domain names (like `yourname.sui`) for Sui wallet addresses.
Utility: It simplifies transactions by replacing complex wallet addresses, enhancing user experience and reducing errors. Similar to naming services on other blockchains.
Context: Naming services improve usability and adoption.

Emerging Projects & Developments:
The ecosystem continuously evolves, with new projects launching. Projects like IKA have been noted in community discussions as upcoming initiatives aiming to build specific utilities within the Sui landscape. The functionality and tokenomics of such emerging projects are defined at their launch.
SuiPlay 0X1: An anticipated gaming-focused handheld device announced, planned to integrate Sui blockchain technology. This highlights the network's potential application in gaming and consumer devices (expected availability in 2025/2026).

Key Ecosystem Observations:
Technology: Sui utilizes a unique object-centric data model and the Move programming language, designed for high throughput and low latency.
Adoption & Activity: The network has attracted significant developer activity and user engagement, reflected in measurable on-chain metrics like transaction volume and Total Value Locked (TVL) in its DeFi protocols. High liquidity is often observed across major trading pairs involving Sui ecosystem assets.
Growth Areas: DeFi (DEXs, Lending) and Gaming (leveraging Sui's scalability features) are prominent sectors seeing development within the Sui ecosystem. Infrastructure projects like DeepBook and SuiNS provide foundational services.

Conclusion:
The Sui blockchain hosts a diverse and growing ecosystem of protocols and applications. Projects like Cetus (DEX), NAVI (Lending), DeepBook (Liquidity Infrastructure), and SuiNS (Naming Service) exemplify the infrastructure being built. The native SUI token underpins all network operations through gas fees, staking, and governance. Continued development and adoption, including ventures into gaming hardware, contribute to the evolving landscape of the Sui network.

Here’s the data: STON.fi x DeDust x TONCO
TVL💸(relative to total TVL on TON)
Source: DefiLlama
STON.fi – $62M (41%)DeDust – $12M (8%)TONCO – $8M (5%)
Trading volume over the past month📊
Source: DefiLlama
STON.fi – $95M (53%)DeDust – $22M (24%)TONCO – $60M (33%)
Number of unique wallets in the past month 👥
Custom analysis via Dune by @belous
STON.fi → 161,172 walletsDeDust → 29,283 walletsTONCO → 1,455 wallets
STON.fi clearly dominates across all three metrics📈.
On top of that, I’ll add a few things from my own observations: STON.fi offers a wide variety of farming pools, some of which are unique due to monthly reward updates — I’m talking about the STORM/TON pool supported by commissions from Storm Trade.

STON.fi also has exclusive partnerships — like the one with Ethena, which allows users to farm Ethena points for the upcoming Airdrop simply by holding tokens in pools like tsUSDe/USDe and USDe/USDT.

🗣️ Drop your feedback on this post!
I’m planning to create a full-scale comparison of all three DEXs to figure out which platform is actually the most profitable to trade on — and compile a full set of unique stats across many important metrics.
Waiting for your comments!

#TON $TON $NOT #DEX

In the world of decentralized finance (DeFi), the term "DeFi layer" refers to a specific level or component of the technological and financial infrastructure that enables decentralized financial applications. Think of it as a stack of building blocks, where each layer has a distinct function and relies on the layer below it. This layered architecture allows for a modular and composable system, where different protocols and applications can interact with each other.

While some models vary slightly, the DeFi ecosystem is generally understood to be composed of the following key layers:

The DeFi Stack

Here's a breakdown of the common layers, starting from the foundation and moving up to the user-facing level:

1. Settlement Layer
This is the foundational layer, also often referred to as "Layer 1". It consists of the blockchain itself and its native cryptocurrency (e.g., Ethereum and its token, Ether). This layer is responsible for the security of the network and for finalizing transactions, essentially acting as the ultimate ledger and court of record for all activity.

2. Asset Layer
Built on top of the settlement layer, the asset layer comprises all the tokens and digital assets that are issued on the blockchain. This includes the blockchain's native currency as well as other assets like stablecoins (e.g., USDC, DAI) and various other tokens created by different projects.

3. Protocol Layer
This layer is where the "DeFi" magic really begins. It consists of a set of rules and smart contracts that govern specific financial activities. These are open-source protocols that anyone can access and build upon. Key examples of DeFi protocols include:
- Decentralized Exchanges (DEXs): Protocols like Uniswap and Curve that facilitate peer-to-peer token swaps.
- Lending and Borrowing Protocols: Platforms such as Aave and Compound that allow users to lend their assets to earn interest or borrow assets against collateral.
- Derivatives Protocols: Systems that enable the creation and trading of synthetic assets and other derivatives.

4. Application Layer
This is the user-facing layer where developers build applications that make it easy for people to interact with the underlying protocols. When you use a website or a mobile app to trade on a DEX or take out a loan, you are interacting with the application layer. This layer essentially provides a user-friendly interface to the complex workings of the protocol layer
5. Aggregation Layer
The highest level of the DeFi stack, the aggregation layer, consists of platforms that bring together various applications and protocols from the lower layers. These "aggregators" or "yield optimizers" aim to simplify the user experience by offering a single interface to interact with multiple DeFi services, often automatically finding the best rates or returns for a user's desired action.

By understanding this layered structure, you can better grasp how the decentralized financial system is built and how different projects and platforms fit into the broader ecosystem. Each layer builds upon the one below it, creating a robust and interconnected network of financial services.
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#defi #protocol #layer #Layer1 #DEX

You’re scrolling through crypto news, sipping a smoothie 🍹, and suddenly — BAM! 😱 The GMX DEX was hacked, and the hackers took... attention... $42 million! 💸 So, are you buckled up? I’ll tell you why this is not just a 'oops, dropped a coin'. 😉
🧐 What's Up With GMX?
GMX is like a cool decentralized exchange (#DEX ) where you can trade without all that KYC and other bureaucracy. 😎 You think, well, decentralization is safe, right? Yeah, right! 😂