Sui Ecosystem Weekly Report: DeFi breakthroughs, meme coins rise, and technological innovation soars
This week, Sui Ecosystem is full of excitement! From DeFiâs new highs to memecoin breakthroughs, to innovative technology applications, letâs take a look at Suiâs latest developments!
Ecological Information: #DeFi - @suilendprotocol's total locked value exceeds $110 million, making it the third largest DeFi protocol in the Sui ecosystem
#Memecoin - @blubsui's $BLUB makes history as Sui's first memecoin to enter the top 1000 market cap
#NFT - @RECRDapp becomes Sui's most active app, attracting 1.3 million+ users and over 13.6 million transactions in 30 days
#Trading - @7k_ag_ surpasses $100 million trading volume milestone and launches $200 giveaway
đ September Carnival: Scallop Airdrop Season Fully LaunchedïœSui Chinese Ambassador Information
Loan Airdrop Event Snapshot September 2 Stake Airdrop Snapshot September 3-7
Contents đ„ Scallop Introduction đȘ Event 1: veSCA Airdrop Details đ° Event 2: $SCA Staking Rewards đ How to Participate and Important Date Reminders đ More Information Links
Read on to learn how to get generous rewards in this airdrop season! đ
đ„ Scallop Platform Milestones In the past week, the Scallop platform has achieved two important achievements, demonstrating its strong growth potential and user trust:
đ 9 million $SCA staked: the average stake time is 3.65 years, demonstrating the community's long-term confidence.
đ Over $20 million in trading volume: the platform's trading activity is extremely active and liquidity is strong.
To celebrate these milestones and to give back to loyal users, Scallop has decided to launch an airdrop event to bring more value and benefits to users! đ„đ„
đȘ Event 1: veSCA Airdrop Details
The specific operation is as follows:
1ïžâŁ Stake 1,000 $SCA to get the same amount of $veSCA.
2ïžâŁ Holding $veSCA will bring a 4x bonus to your borrowing rewards.
Suppose you borrow 1,000 $SUI, you can usually get 9.87% SUI reward APR and 6.3% SCA reward APR. But with a 4x bonus, your final reward will soar to 19.74% SUI reward APR and 25.2% SCA reward APR! đ„
đŻ Participation conditions:
Borrow more than $100 in Scallop's borrowing pool.
The amount of $veSCA allocated will be determined by your borrowing amount. đ The snapshot of this airdrop will be taken on September 2, 2024, and 200,000 $veSCA will be distributed on September 4.
đ° Event 2: $SCA Staking Rewards In order to give back to the community's loyal support, Scallop will issue 200,000 $SCA tokens to stakers every day from September 3 to September 7.
đŻ Participation conditions: Stake $SCA to get $veSCA, and you can participate every day and get more $SCA as a reward!
đ The snapshot time is 12:00 am UTC time every day, and the first snapshot will be taken on September 3.
đź It's not that I don't deserve PS5, but#SuiPlay0X1is really cost-effective to play Black Myth: Wukong! đ° | Sui Chinese Ambassador Consultation
đ§ Let's stop working to pay the mortgage, just go to SuiPlay, hold "Black Myth: Wukong"đč, and become the working Monkey King in seconds! đ
đ What is SuiPlay? It is the world's first Web3 native handheld game console, which allows you to play PC masterpieces anytime, anywhere, and have true ownership of the game! đ ïž
đą What are you waiting for? Hurry up and join the waiting list!
đ: https://sui.io/suiplay0x1
Let's use SuiPlay to bring the cloud and start the mythical journey of "Black Myth: Wukong"! âïž
Do you think Suiplay can afford to play Black Myth?
đđDroppyOnSui is coming! đđ | Sui Chinese Ambassador Information
đźClick to exploređź
Join the first TG applet click game in Sui ecosystem - DroppyOnSui now! Just tap your finger to start your adventure.
đFuture airdrops, within reachđ
Looking forward to future airdrops? DroppyOnSui makes every click of yours full of expectations. Participate in the game, earn points, redeem lottery tickets, Sui ecosystem's rich airdrops are waiting for you to win!
đ„Simple gameplay, unlimited funđ„
Click a little, slide a little, and the easy-to-use gameplay is behind the carefully designed game experience. Enjoy the fun and rewards brought by the game in a relaxed and pleasant atmosphere.
đBig prizes are waiting for you to winđ
By participating in the game, you will have the opportunity to win tokens of multiple projects in Sui ecosystem. Each project provides a rich reward pool, just waiting for you to win with lottery tickets.
đ« Community linkage, create the future together đ«
We are not only a game, but also a part of the Sui ecological community. Join our community, interact with other players, and jointly witness and shape the future of Sui ecology.
đ Referral system, share dividends đ
Invite your friends to join DroppyOnSui. Through our referral system, every friend you invite will bring you more lottery tickets, doubling your rewards!
DeepBook v3 testnet feedback incentive activity is launched! ïœSui Chinese Ambassador Information
đ DeepBook v3 testnet feedback incentive activity is launched! ïœSui Chinese Ambassador Information
đ° $100,000 in DEEP tokens is waiting for you!
1/10 đą DeepBook V3 testnet is coming! đđ„ł This is the biggest upgrade in DeepBookâs history, providing deep liquidity for every application on Sui and realizing DeFi products that are not possible on other public chains. Are you ready? It's time to #DeepBook! đ𧔠2/10 DeFi on @SuiNetwork has a major upgrade! đ Imagine best-in-class on-chain trade execution in DeFi. Who needs off-chain transactions?
đGood news! Another Sui Ecosystem Reward is availableïœSui Chinese Ambassador Information
Rewards from the Sui Bridge Incentive Program are now available! If you participated in the incentive program, please visit Sui Bridge and claim your rewards if you are eligible.
Website: https://bridge.testnet.sui.io
Since the launch of the Sui Bridge Incentive Program in June, we have completed more than 184,000 transactions. Thank you to all the participants who helped stress test Sui's critical infrastructure!
With your help, we have solved numerous issues đâ , making Sui Bridge more powerful and closer to the mainnet launch. đ
Throughout the program, we focused on 5 key areas:
đFunctionality
đStress Testing
đSecurity
đEase of Use
đGovernance
Our testers provided insights that directly led to front-end performance improvements.
Testers also noticed that gas fees were unusually high when bridging assets back to Ethereum. The community is actively working on this issue to provide improvements in future Sui Bridge releases.
đ„ Sui Big Event! Sui cooperated with Ant, you heard it right, it is Alibaba's Ant GroupïœSui Chinese Ambassador Information
About ZAN
As the Web3 product and service technology brand of Ant Digital Technology, and powered by the TrustBase open source technology stack of Ant Chain Open Lab, ZAN provides rich and reliable services and Web3 development platform for business innovation. The ZAN product line includes ZAN eKYC, ZAN KYT, ZAN smart contract review, ZAN node service, and more products are coming soon. Learn more: https://zan.top
About Ant Digital Technology
Ant Digital Technology is the digital technology subsidiary of Ant Group. Ant Digital Technology continues to promote the development and application of digital technology, and based on its expertise in AI, privacy computing and security technology, it has launched leading products such as ZOLOZ, mPaaS and ZAN. Ant Digital Technology is committed to working with partners in different industries to support the digital transformation of small and medium-sized financial institutions, help small and medium-sized enterprises in the service industry to achieve digital operations, and promote cross-industry digital collaboration. Ant Digital Technology's international business operating revenue increased by 300% in 2023.
Flying against the market! $Sui leads the trend đ | Sui Chinese Ambassador Information
đ In the midst of a slump in the crypto market, Sui tokens have emerged as a dark horse, doubling in just a few days! Still unique in the context of a red marketđ
This article will take you through Sui's recent major events
đ° Grayscale launches SUI Crypto Investment Trust: Grayscale has added SUI to its crypto investment list. On August 7, Grayscale launched Grayscale Sui Trust. Grayscale's head of product and research said: Sui is redefining the smart contract blockchain.
đź Sui handheld game console SuiPlay0X1 opens waiting list. Are you ready to open the door to the next generation of portable games?
đȘ Sui ecological domain name service SuiNS airdrop has been issued. The first $NS airdrop is issued in the form of soul-bound NFT, named SuiNS (NS) Airdrop. Recipients can unseal this NFT in the future to obtain $NS tokens. Currently, you can check the NFT in your Sui wallet to see how many $NS tokens you have received.
đȘ Registration for Sui Builder House Singapore is open. Sui Builder House Singapore will be held on September 17th at the same time as Token2049 Singapore. This event will bring together the global Sui community to share and collaborate on exciting new projects, progress and milestones.
đăSui Ecosystem Airdrop is coming againăđ Sui Name Service (SuiNS) airdrop has been issued, come and check itïœSui Chinese Ambassador Information
đ Today, the first $NS airdrop was issued in the form of soul-bound NFT, named SuiNS (NS) Airdrop.
đ The recipient can unseal this NFT in the future and obtain $NS tokens. Currently, you can check the NFT to see how many $NS tokens you will receive
đ„ Check your airdrop amount according to the method in Figure 2
đ Don't miss this big step for Sui Ecosystem, check your airdrop now!
đ€ș Welcome to share your airdrop amount in the comment area ~
đ Big things are coming | Sui Chinese Ambassador Information
Grayscale launches Sui Crypto Trust
đ Focusing on the Sui protocol's SUI token, this new trust product will allow investors to more directly access and invest in Sui, an innovative smart contract platform.
đŹ Words from Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale: "We are very excited to add Sui to our product family, Sui is redefining the smart contract blockchain."
đ Joining Grayscale's family of 18 crypto investment products, Grayscale Sui Trust provides investors with a familiar and reliable way to explore and invest in tokens at the forefront of the crypto ecosystem. #Grayscale#SuiTrust#CryptoInvestment#SUIToken #BlockchainInnovation
đă#bitcoin2024 Who is Gary, who was arrested by Trump as a political achievement? ăđ
This morning, Trump said at the#Bitcoin2024conference that once he takes office, his first task is to fire the current SEC Chairman Gary Genslerđ.
But wait, isn't Gary the MIT professor who has helped countless people get started in the crypto industry? đšâđ«
Remember the course that made Bitcoin easy to understand? Gary's blockchain finance class is simply an enlightenment teacher for a group of practitioners! đ#GaryGensler#MIT
đČI still remember the magical operation of inviting twin brothers to class, which was impressive. His friendly attitude towards the crypto industry made us feel warm.
đ€ #æŻçčćžć€§äŒ But the situation changed suddenly. In 2022, FTX collapsed. Musk ( @elonmusk
) said that he had a close relationship with SBF and accused him of being a party white glove. It seems that Gary's image has changed 180 degrees. đ„ #SBF â, to become the chairman of the SEC, Gary's suppression policy made the blockchain field tremble.#SEC#Regulation
đHowever, if Trump's promise comes true, Gary's term may come to an end. đ€ @elonmusk
Gary's course is really good. He explains blockchain and finance in a simple and easy-to-understand way. If you want to know more, you can search for MIT open courses, Blockchain and money$BTC
đ Blockchain - Only you can defeat yourself đ
đ Consensus as low as 0.64 seconds, Sui mainnet launches Mysticeti consensus protocol
đ Sui mainnet launches a revolutionary new breakthrough! đ
đ Meet Mysticeti, a revolutionary consensus protocol that reduces consensus time by 80% on the testnet!
Mysticeti reached consensus on the testnet with a latency of only 390 milliseconds and a finality of 640 milliseconds, an 80% reduction from Narwhal-Bullshark, marking a new milestone for the directed acyclic graph (DAG) based consensus algorithm. đČ
In addition to decoupling latency from throughput, the Mysticeti algorithm maintains extremely high throughput even in the face of network and node failures!
What does Mysticeti mean for performance - and for you? đ€ đ§ Fewest commit rounds: Mysticeti validators sign and share blocks without authentication, making each round half a round trip, the fewest of all DAG-based consensus algorithms.
đ§ Increase throughput without increasing latency: Mysticeti removes the distinction between master workers and directly executes transactions in the main block, which does not significantly increase latency even at high throughputs of over 100K TPS.
đ§ Earlier transaction submission: Mysticeti's novel submission rule naturally designates multiple leaders per round, allowing more transactions to be submitted earlier.
To be clear, this is a gradual rollout upgrade process. Not all Mysticeti improvements will be visible today. The upgrade process will unfold in several steps over the next few weeks.
Experience for yourself how Mysticeti can provide improved user experience and lightning-fast transactions in all applications, from games to DeFi. Stay tuned for further upgrades during the mainnet upgrade process. đ @sui $$SUI #SuiMainnet#MysticetiConsensus Protocol#BlockchainTechnology Breakthrough#FastTransaction#DAGConsensus Algorithm
Have you heard of Sui's native bridge? Or have you experienced it on the test network? đ Whether you are a novice or a veteran, now is the best time to take a deep look at the Sui Bridge architecture and its unique features!
đ In the past few months, Sui Bridge has made significant progress, not only expanding the coverage of applications built on Sui, but also providing a way to integrate the blockchain ecosystem more deeply.
đ From a macro perspective, Sui Bridge consists of four key parts: the Sui Bridge committee or node network, smart contracts, full nodes running on Ethereum and Sui, and bridge clients. đŹ To keep gas costs low, Sui Bridge carefully constructs lightweight messages to ensure that the receiving chain can easily decode them. This streamlined design reduces complexity and computational overhead.
đ As a native bridge, Sui Bridge leverages the same node operators that secure Sui, inheriting a decentralized network that can efficiently run and protect Sui infrastructure. đ Sui Bridge is more than just a secure and efficient way to transfer assets, it also lays the foundation for more advanced cross-chain interactions and is an important step forward for Sui interoperability. With the launch of Sui Bridge on mainnet, we will have a powerful and versatile bridge that meets current and future needs.
đ Want to dive into more details about Sui Bridge's architecture, trust model, and more? Click here to check out the full article: https://blog.sui.io/sui-bridge-architecture/?utm_source=twitter&utm_medium=organic&utm_campaign=evergreen
Sui announced the launch of the Sui Index Framework, providing customizable access to Sui on-chain data. The framework supports the creation of customizable data sources, enabling developers to easily build software and products that respond to on-chain events. $SUI
Add 5000U! The big drop is coming, and it is recommended to buy the value project IO.net at the bottom
IO.net, as a decentralized GPU network based on Solana, is reshaping the computing landscape in the field of AI and machine learning.
By integrating the idle GPU resources of independent data centers, cryptocurrency miners, and crypto projects such as Filecoin and Render, IO.net effectively solves the problem of global computing resource shortage
The IO token was first launched on Binance Launchpool, marking its important debut in the crypto market.
As the IO.net platform continues to expand, the application scenarios of IO tokens are expected to be further enriched, especially in GPU node staking and governance1.
In addition, with the increase in AI and machine learning applications, the demand for GPUs continues to grow. IO.net provides a flexible and cost-effective solution through its decentralized network, which will directly drive the demand for $IO tokens
The decentralized infrastructure (DePIN) track is developing rapidly, and IO.net is one of the best.
Through its distributed physical infrastructure network (DePIN), IO.net is able to effectively utilize idle GPU resources around the world to provide services for a variety of application scenarios such as AI, rendering, and games12.
This model not only improves resource utilization efficiency, but also reduces costs, allowing more companies and developers to access powerful computing resources.
In today's market crash, io is a good bargain-hunting asset.
đ What is hidden behind the real and fake 18 platforms going overseas? đą
---
đ The digital storage industry is full of excitement, and the real and fake 18 platforms are staged one after another. The fake 18 went overseas and the real 18 announced its entry into the Hong Kong market. Is it a coincidence or a layout?
đ Remember the overseas 18 platform? Since the hammer was hammered, the project has passed. Click on the picture to find out! đ
đ Yesterday, the price of domestic 18 platform products soared. Is it a return of market confidence, or is there another deep meaning?
đ€ The real 18 is calm about the counterfeiting. Is it a collusion or not?
đ Voting results: It has something to do with it (82.57%) vs. It doesnât matter (17.43%). What do you think?
đ§ Group members speculate: Did the overseas fake 18 traders get a hint? See the comment area!
---
đ Domestic real 18 platform dynamics đ„
đč The price of the silent series has risen sharply. Is it the rise of a new series or a market reshuffle?
đą Lin Bin bought the avatar collection for 30,000 yuan. The price is a roller coaster. Strven made a dramatic speech. 18 himself joined in the advocacy.
đš The transaction limit is set at 1,000 yuan. A huge amount of transactions have been made, and the market is shaking.
đ 18 platform strategy đ€·ââïž
đ€ Is this a well-thought-out chess game, or is it a way to help old users get out of the trap?
đ Combining LB and 18 behavior, does it create opportunities for large users to ship out?
đĄ Untie: Avatar collections act quickly, or nesting doll activities can solve the pressure.
đ Baton delivery đ€č
đ The fake overseas 18 has ended, and the real 18 has set sail. How is the baton passed? Share your thoughts!
The big one is really coming đ„, did you buy the dip today?
Taobao, JD.com, you guys should watch out, only cryptocurrencies are spending 618 with heart
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