Bluefin has already become one of the top 3 cryptocurrencies by market cap in the Sui ecosystem. The first two are Sui's own DEEP and Cetus, which has been listed on Binance. However, I now feel that surpassing Cetus is a very certain matter. Especially with the recent crazy price surge, the market does not dislike VC coins but rather dislikes project teams without vision. Bluefin has undoubtedly proven their strength and potential to the market through this surge.

Bluefin is the largest DEX by trading volume on Sui, with the total trading volume of the Sui ecosystem (perps + spot) being around $70 billion, and Bluefin accounting for $40 billion. In recent years, the transaction fees have exceeded $9.9 million, so is all the fee income being used to drive the price up, which is why it’s so aggressive?

Moreover, the AMM Spot that just launched a few weeks ago has already reached a TVL of over $30 million, and the LP mining rewards on it should be the highest in the Sui ecosystem. The barriers for DEX are not that deep, and Bluefin's high annualized returns are undoubtedly attacking Cetus to seize the market.

The combination of order books and AMM gives Bluefin the best liquidity in the entire market, the largest trading volume, and the most rewards. The growth flywheel has already started, and on Defilama, Bluefin's growth rate is the fastest, with protocol income only second to Cetus.