To be honest, the performance of $SUI far exceeded my expectations. Saying it would become the next $SOL , but Sui is just being itself.
Previously talked about native USDC, today let's discuss the community and DeepBook $DEEP
1. Sui is strengthening the Chinese-speaking community
Sui has recently clearly increased its focus on the Chinese-speaking community. More and more Chinese creators or KOLs are discussing Sui, and the official Chinese Twitter account is more active. It is evident that the team is doubling down in the Chinese-speaking region 👀
2. Smooth and efficient on-chain with minimal wear
The market value of Sui is rising, and the contributors to the ecosystem are indispensable. Take DeepBook for example, the launch of DeepBook V3 and the $DEEP token has made Sui DeFi more efficient, smooth, and with minimal wear, driving the explosion of on-chain DeFi.
3. Why specifically mention DeepBook?
Because since the DeepBook V3 version went live on the Sui mainnet on October 14, the $DEEP token launched simultaneously has been rising, only correcting yesterday with the market, it made me dizzy with its rise. Maybe this is how to win people over with gains!
4. Why is $DEEP rising so much?
① Because those trading on Sui can stake $DEEP to receive discounted trading fees, additional listing rewards, and participate in the governance of the DeepBook pool, which has led to an increasing purchase volume of DEEP, and the price naturally rises.
② Moreover, DeepBook, as an open-source Central Limit Order Book (CLOB), can serve as a liquidity source for any Sui DeFi protocol. Participants can complete settlements within about 500 milliseconds while maintaining consistent gas fees that are lower than those on other blockchains. It's efficient and cheap; who can refuse that?
5. In conclusion
🎙️ My view on $Sui and $DEEP is, do not rebel and short.
If you hold Deep, you can participate in Suilend lending or form LP; the annualized return of DEEP/SUI is quite good!
#DEEP #SUI
