Which projects/currencies should we pay attention to in SUI?

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Since September, the market has almost only two main focuses:

The first is the continuous iteration and update of the meme track:

Lowercase Neiro continues to rise after listing on Binance; Little Hippo MOODENG continues to surge on Solana and Ethereum. Meme coins continue to create wealth effects.

The second focus is SUI:

As a Layer 1 that appeared at the end of the previous cycle, its token distribution method is different from the above-mentioned meme that focuses on fair issuance of assets. It is the most criticized typical VC Token in this cycle.

However, SUI has been performing strongly in recent times, rising from $0.76 at the beginning of September to a high of $2.16, approaching its all-time high of $2.18, a surge of about 185% in a month and a half.

The SUI hype was initiated by institutions, telling the story of replacing Solana. The injection of funds into the public chain not only benefits the coin price, but also leads to an increase in TVL, ecological projects and even memes.

Which projects/currencies should you pay attention to in SUI? Let’s take a look.

Flash

Sui is the largest DEX in the ecosystem. It adopts a centralized liquidity protocol similar to Uniswap V3. Its products include DEX, liquidity pool, machine gun pool, income treasury, Launchpad, and integrates the central limit order book DeepBook and Wormhole cross-chain bridge.

In terms of Launchpad, it provides an IDO launch platform for the Sui ecological project. Holders of xCETUS can participate. In the past, CETUS, SUIA, and NAVX were all oversubscribed, which is an important factor in Cetus's leading position in DEX.

The current platform locked-in volume exceeds 200 million US dollars, ranking fourth on SUI, and has grown by 83% in the past month.

The token $Cetus has increased by 180% in the past 30 days. The current price is about 0.17, just one step away from the all-time high of 0.186. The current market value is 54.52 million US dollars, ranking 638 on Coingecko.

NAVI

The first native one-stop liquidity protocol on Sui, similar to Aave, provides lending services and currently supports assets such as Sui, vSui, NAVX, USDT, USDC, CETUS, WETH, etc. The deposit rate for stablecoins is about 7%, while that for SUI is 4%.

At the same time, it is also the project with the largest locked-in volume on SUI, with a monthly growth of 52% and an amount of up to 500 million.

However, the token price performance is not as impressive as the product. During the period when SUI soared, the token $NAVI rose by more than 150% in 30 days, but it is still more than 100% away from its historical high, which is different from the situation when SUI and Cetus challenged their previous highs.

The current token price is about 0.15, the historical high is 0.357, and the current market value is 36.62 million.

Scallop

Sui, a lending protocol, completed a strategic financing of US$3 million in March this year, led by CMS Holdings and 6th Man Ventures. Other investors included Mysten Labs (SUI's parent company), the aforementioned Cetus, the well-known NFT whale dingaling and China's well-known KOL 0xSun as angel investors.

At the end of April, it was announced that it had obtained strategic financing from DWF Labs. DWF Labs will serve as Scallop’s main liquidity provider in various centralized exchanges and will also support over-the-counter (OTC) transactions.

The token $SCA has been falling slowly since its launch, with a slight improvement in the past month, up 52%, but it is not as high as the growth of SUI and the above-mentioned currencies.

The $SCA token price is approximately 0.376, with an all-time high of 1.28 and a current market value of 20.34 million.

The following is an introduction to the meme coins on SUI:

HIPPO

The concept prototype is the Thai Internet celebrity hippo "Bouncing Pig" MOODENG. The concept of this meme coin first occurred on the Solana chain. The highest market value of Sol Hippo reached 330 million US dollars. Recently, the hippo on Ethereum also donated tokens to Vitalik, and Vitalik chose to destroy them, which led to an increase in the price, which rose 10 times in four days.

HIPPO is the little hippo on SUI. The current price is about 0.0148, the historical high is 0.01848, the current market value is 148 million, and it has increased by 17% in the past seven days.

AAA

The image is a black cat, and the concept is an emoticon package on Sui Name Service. It is a rare meme coin on SUI that is not related to marine life. The community uses Popcat, a well-known meme coin on Solana, as a benchmark expectation.

The current coin price is about 0.0019, the historical high is 0.00253, and the increase in the past seven days is 293%. The current market value is 19 million US dollars.

BLUB

The image is a fish with a Pepe face and was once the number one meme coin on SUI until HIPPO appeared.

Interestingly, BLUB’s token issuance time was September 1, which was close to the time when SUI started to rise. It also rose from a market value of US$3.5 million at the opening to a maximum market value of US$48 million, an 11-fold increase.

The current coin price is about 0.0(6)123, the historical high is 0.0(6)161, and it has fallen by 9.8% in the past seven days. The current market value is 40 million US dollars.