The SUI ecosystem is fully rising: Decentralized Finance projects are booming and meme coins are gaining momentum.

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SUI Ecosystem Project Market Analysis: Market Hotspots and Potential Opportunities

Recently, the cryptocurrency market has shown two major hotspots. First, the meme coin sector continues to heat up, with several projects achieving significant gains. Secondly, the Layer 1 public chain SUI has performed strongly, rising from $0.76 at the beginning of September to $2.16, an increase of approximately 185%, nearing its historical high.

The rise of SUI is led by institutions, driven by the narrative of "replacing Solana". The influx of funds not only boosts the coin's price but also promotes the overall development of the ecosystem, including the total locked value (TVL), the prices of ecological projects, and related meme coins.

Is the Solana Killer Narrative Working? Overview of Popular SUI Ecosystem Projects

The following are several projects worth paying attention to in the SUI ecosystem:

Cetus

As the largest decentralized exchange in the SUI ecosystem, Cetus adopts a concentrated liquidity protocol and offers a variety of DeFi services. Its Launchpad feature provides an IDO platform for ecological projects, which is key to maintaining its leading position. Currently, the locked amount exceeds 200 million USD, with a recent growth of 83%. The $Cetus token has increased by 180% in the last 30 days, nearing its historical high.

Is the Solana Killer Narrative Working? A Look at Popular SUI Ecosystem Projects

NAVI

The first one-stop liquidity protocol in the SUI ecosystem provides lending services. It currently holds the highest locked value on SUI, reaching $500 million, with a monthly increase of 52%. Although the $NAVI token has increased by over 150% in the last 30 days, it still has a certain distance from its historical peak compared to SUI and Cetus.

Is the Solana killer narrative effective? Overview of popular SUI ecosystem projects

Scallop

The lending protocol on SUI has received multiple investments, including from the SUI development team. Although the $SCA token has recently rebounded, its increase is not as significant as that of SUI and other major ecosystem tokens.

Is the Solana Killer Narrative Working? A Look at Popular SUI Ecosystem Projects

Meme Coin Project

The SUI ecosystem is also home to meme coin projects such as HIPPO, AAA, and BLUB. These projects each have their own characteristics, with varying degrees of price fluctuations, reflecting the diversity and volatility of the meme coin market.

Is the Solana Killer Narrative Working? A Look at Popular SUI Ecosystem Projects

Is the Solana Killer Narrative Working? A Look at Popular SUI Ecosystem Projects

Does the Solana killer narrative work? Overview of popular SUI ecosystem projects

Overall, the SUI ecosystem is in a rapid development phase, with various projects advancing simultaneously. Investors need to carefully assess risks, pay attention to the fundamentals of projects and market trends, and make informed decisions.

SUI7.34%
DEFI-0.59%
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BlockchainTherapistvip
· 6h ago
Continue all in SUI!
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DaoResearchervip
· 6h ago
Based on the White Paper data, this rise exists with positive feedback within a 95% confidence interval.
View OriginalReply0
BearMarketMonkvip
· 6h ago
No matter what the narrative is, it just won't rise.
View OriginalReply0
DiamondHandsvip
· 6h ago
I can't believe I sold SUI a few days ago!
View OriginalReply0
SadMoneyMeowvip
· 6h ago
Don't play this trap of rising too fast with me.
View OriginalReply0
0xSherlockvip
· 6h ago
Playing well with SUI is the real deal!
View OriginalReply0
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