In the wave of the blockchain industry, Sui is rapidly rising and becoming a shining star in the emerging public chain field. As a high-performance Layer 1 public chain built by the Mysten Labs team, Sui has established a leading position in technology in a short period of time with its innovative object model and Move programming language.
In 2024, Sui's ecosystem ushered in an unprecedented infrastructure explosion, with its token market value exceeding $8.7 billion and total locked value (TVL) exceeding $1 billion, attracting global attention. From decentralized exchanges (DEX) to lending protocols, NFT markets, to GameFi and social applications, Sui's ecological infrastructure is driving it towards greater glory.
This article will deeply analyze Sui’s five core infrastructure projects, including DeepBook Protocol, Cetus Protocol, Name Service (NS), NAVI Protocol and Oceans Gallerie, and discuss how they can help Sui become the leader of the next generation of top public chains.
1. DeepBook Protocol: Core infrastructure for efficient transactions
DeepBook Protocol is the basic transaction protocol in the Sui ecosystem, providing users with efficient and decentralized transaction services. As a native order book protocol on the chain, Deep focuses on:
Realize high-performance on-chain matching mechanism and significantly improve transaction efficiency.
Supports complex financial transaction types, including spot, options, etc.
Provide liquidity support for other decentralized applications (dApps).
In addition, Deep has been integrated into multiple Sui chain transaction protocols, providing strong liquidity support for the decentralized financial ecosystem. As one of Sui's core infrastructures, DeepBook Protocol not only improves the on-chain transaction experience, but also injects momentum into the growth of the entire ecosystem.
2. Cetus Protocol: Sui’s liquidity engine
Cetus Protocol is a decentralized trading protocol in the Sui ecosystem that focuses on liquidity solutions. Its core is an efficient AMM (Automated Market Maker) mechanism. Cetus highlights include:
Cross-chain liquidity: Supports the interoperability of Sui and Aptos chains to achieve the free flow of assets between multiple chains.
Efficient liquidity pool design: optimize capital utilization and allow users to obtain higher returns on their assets.
LP mining and profit distribution: Through the continuous profit distribution mechanism, it has attracted a large number of liquidity providers around the world, improving user stickiness and ecological activity. With Cetus listed on Binance, Cetus's locked volume (TVL) exceeded US$249 million.
As one of the most popular DeFi projects on Sui, Cetus’ success has introduced a large-scale user base to the ecosystem and significantly improved on-chain liquidity.
3. Name Service (NS): The identity revolution of decentralized domain names
Name Service (NS) is a decentralized domain name service system in the Sui ecosystem, providing users with on-chain identity solutions. Its main functions include:
Simplify user experience: map complex on-chain addresses to easy-to-remember names (such as user.sui).
Support ecological interconnection: widely applicable to wallets, dApps and NFT platforms. Currently, more than 15 mainstream Sui wallets have integrated NS services.
Enhanced security: Ensure the security of user assets through verification and encryption technology.
At present, the number of NS domain name registrations has reached 100,000. While improving the user experience, it has become an indispensable part of the Sui ecosystem and paved the way for the widespread application of Web3.
4. NAVI Protocol: One-stop liquidity protocol for Sui ecosystem
NAVI Protocol is the core DeFi infrastructure project in the Sui ecosystem, dedicated to providing liquidity solutions and innovative lending services. Its main functions include:
Lending services: Users can borrow and lend flexibly through NAVI Protocol, liquidity providers can earn passive income, and borrowers can obtain loans efficiently.
Liquidity staking: Supports liquidity staking of SUI. Users can obtain vSUI after staking their assets, thereby improving capital utilization.
Ecosystem expansion: NAVI Protocol has also further expanded its product line by acquiring the liquidity staking platform Volo, providing more innovative support for other projects on the Sui chain.
As an important pillar of the Sui ecosystem, NAVI Protocol has demonstrated strong competitiveness in the fields of liquidity and lending, injecting strong momentum into Sui's DeFi ecosystem.
5. Oceans Gallerie: AI social aggregation platform powered by Sui and Cetus
Oceans Gallerie is a highly promising innovative project in the Sui ecosystem. It is technically supported by Sui and Cetus and focuses on building an AI-driven social aggregation platform. The team has the successful experience of dozens of apps with more than 50 million downloads on Google Play. Its goal is to bring one billion Web2 users to Web3 and inject strong momentum into the ecological development of the Sui chain. Through its OceanLaunch IDO platform and QuestWave task platform, Oceans Gallerie not only provides support for project financing and task economy, but also creates diversified interaction opportunities for users and developers.
OceanLaunch is Oceans Gallerie’s Initial Token Offering (IDO) platform, which provides fundraising support for high-quality projects in a decentralized manner. It is designed to:
Fairness and transparency: Support community-driven financing models to allow global users to participate in early development.
Promote ecological expansion: Help innovative projects on Sui and Cetus chains obtain funding and community support.
User-friendly: Simplify the process and lower the threshold for Web2 users to enter Web3.
QuestWave is Oceans Gallerie’s task distribution platform, which efficiently distributes tasks and encourages user participation through a decentralized mechanism. Its main functions include:
Diverse tasks: covering content creation, community promotion, App downloads and more.
User incentives: Complete tasks to get rewards, increase participation and ecosystem activity.
Project promotion: Quickly build a user base and community support for new projects in the Sui ecosystem.
It is worth mentioning that the price of OceansGallerie IDO Passcard has increased 50 times since its issuance, and its current floor price on BlueMove is as high as 2118 SUI, demonstrating strong market recognition and investment potential.
Conclusion: Diversified ecology drives the future of Sui
From the efficient transaction DeepBook Protocol to the liquidity engine Cetus, from the decentralized identity service NS to the one-stop liquidity protocol NAVI Protocol, and then to the Oceans Gallerie that leads social and task economy innovation, Sui's ecological infrastructure is blossoming in all aspects, pushing it towards the ranks of top public chains.
Today, Sui has shown its potential to become the next generation of top public chains. With the further improvement of these infrastructures and the participation of more users, Sui's ecosystem will become stronger. In the future, Sui will not only expand the boundaries of Web3, but also become an engine of innovation in the blockchain industry, creating more possibilities for developers, users and investors.
Join Sui and witness the brilliant future of this emerging public chain!