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Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

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Grand Cayman, Cayman Islands, March 28th, 2024, Chainwire

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Sui, the fast ascending Layer 1 blockchain offering industry-leading performance and infinite scaling, continued to demonstrate its blistering DeFi growth by cementing its place in the top ten of all chains by weekly DeFi volume, registering over $830M of trading over the most recent seven days of data available on DeFiLlama and $224M in the latest 24 hours.   

The volume growth comes as the chain has amassed several DeFi milestones since the start of the year, including surging past $700M in total value locked (TVL) earlier this week – up over 1900% since October – and dominating outflows from Ethereum via Wormhole during multiple seven-day periods this year. Sui is also setting the standard for network reliability during periods of high network traffic. In the first four months of its mainnet, Sui completed 65.8M transactions in a single day—the most of any blockchain ever, while throughout its existence, the network has never had an outage or experienced degraded performance.  

These milestones reflect how Sui’s underlying technology, which features an object-centric model, horizontal scalability, the increasingly popular, developer-friendly Move programming language, and recent breakthroughs such as zkLogin and zkSend, enables developers to create products that solve real-world challenges at scale. 

Sui’s technology has also attracted top projects and developers which are increasingly choosing to build on Sui. Most recently, Suilend, a protocol developed by the team behind Solana’s largest lending protocol, Solend, launched in its first expansion outside the Solana ecosystem. Ondo Finance’s treasury-backed assets also recently made their way into the ecosystem, while decentralized derivatives exchange Bluefin left Arbitrum for Sui. 

DeepBook, Sui’s fully on-chain order book, which is part of the Sui Protocol, has experienced a substantial volume increase in March as DeFi on the network continues to flourish. The CLOB saw over $940M in volume since the start of the month, and over $289M of trading in the last week alone, as it continues to provide deep liquidity to all DeFi protocols and traders on Sui with ultra-low, predictable transaction costs and sub-second finality.

“From the Move language to its object-centric architecture, Sui’s technology is unique in the industry and enables a level of innovation that is attracting partnerships, protocol expansions, and independent developers—all building solutions that leverage the Sui network,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s surging metrics in DeFi indicate definitively that in an industry which is currently surging and primed for cutting-edge technology and practical, real-world applications, Sui is increasingly the platform of choice.”

Contact

Sui Foundation
[email protected]



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Press Release

Insider Tips: Altcoins Set to Surge Beyond Market Leaders in 2024

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The crypto market is experiencing an exciting transformation as lesser-known coins begin to outshine the established giants. The year 2024 has unveiled a bull run, and investors are eager to discover which emerging cryptocurrencies are poised for significant growth. This article will share exclusive insights into the altcoins that are expected to excel, offering a rare opportunity for those looking to diversify their portfolios and tap into market dynamics.

 

BlastUP Presale Ends in Few Weeks, Last Chance to Buy Cheap

BlastUP presale has sparked avid interest among crypto enthusiasts, reaching $5 million in record low time. Over 12,000 savvy investors have already bought BlastUP tokens before their value skyrockets.

The presale runs until the end of May, so there is some time to boost your crypto holdings with BlastUP, the asset poised for explosive returns of up to 1000%. Currently sold at a few US cents, BlastUP tokens are projected to reach $10 by the end of this year.

Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

>> Time is Ticking –  Buy $BLP Before May Ends! <<

 

Starknet Displays Mixed Signals Amidst Market Uncertainty

Starknet’s current market performance shows a bit of a tug-of-war between buyers and sellers, hinting at some indecision in the market. Recent trends suggest a cooling off after a period of significant excitement, possibly related to broader crypto marketplace dynamics. The trading activity around Starknet is not leaning heavily in any clear direction, as the appetite for risk seems to be balanced with caution.

In considering the Starknet’s fundamentals, its technology caters to a growing interest in scalability and privacy for blockchain applications. Starknet’s role in providing solutions for Ethereum’s network congestion could have a positive impact on its valuation, as adoption grows and technological developments unfold. The future sentiment for Starknet will likely be tied to its practical utility and adoption within the blockchain ecosystem.

 

Celestia Shows Resilience Amid Market Fluctuations

The Celestia token is showing a tough stance despite the swings in the crypto market. It has been growing notably over the past months, catching the attention of investors. The latest trends show it’s not at its top prices but hasn’t fallen to its lowest either. It’s staying above a key price level that traders often watch closely.

Investor confidence seems to be in a delicate balance for Celestia. Without touching any specific metrics, one can sense a certain hesitation in the air. Nonetheless, the coin’s recent performance might tip the scales. This could lead to increased attention and possibly attract more buyers. The market’s mood appears cautiously optimistic as all eyes remain on this token’s journey.

 

Arbitrum Shows Resilience Amid Market Fluctuations

Arbitrum’s market performance has been a mix in recent times, with movements both up and down. Lately, the price has been swinging within a certain range, facing some pressure but managing to hold above a key level. The price has been below a longer-term average, indicating some cautiousness among investors. Still, its position above a lower significant level suggests that it maintains certain strength.

The coin’s ability to stay afloat despite a drop in price over the last month indicates there’s a steady interest in its potential. This is a sign of resilience in a wavering market environment. Market watchers see this as a hopeful sign Arbitrum might weather the storm better than some others. The coin’s fundamentals could play a role in providing a base for recovery and future growth.

 

Chia Struggles Amid Fluctuating Market

Chia’s market activity appears mixed with a slight downward trend as it faces recent challenges. The coin struggles to climb past its immediate ceiling but maintains a gentle grasp above its nearby floor, often wavering in a tight zone. Investors watch closely for any signs that might push Chia to break its current pattern and set a new course.

Enthusiasm for Chia suffers as the coin exhibits stability yet fails to ignite significant upward movement. The community remains watchful, gauging whether this phase precedes growth or hints at further decline. With its unique approach to cryptocurrency, whereby it promotes less energy-consuming practices, Chia’s potential pivot could form an essential test for its appeal in the broader market.

 

Conclusion

Altcoins like STRK, TIA, ARB, and XCH may not show significant growth in the short term. BlastUP, however, stands out with the highest potential for substantial gains. This potential comes from BlastUP’s innovative concept and its integration within the well-established Blast ecosystem. Investors looking for promising cryptocurrencies should consider the strong prospects of BlastUP during the current bull run.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io





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Top Analysts Predict Which New Tokens Could Skyrocket This Year

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As the bull run of 2024 advances, attention turns to the freshest tokens with potential for significant growth. This article dives into expert forecasts, highlighting several promising cryptocurrencies that could see remarkable gains. With a mix of technical analysis and market trends, these insights offer valuable information to those looking to make informed decisions in the vibrant crypto space. As investors seek out the next big success, understanding these predictions could be key to navigating the year’s opportunities.

 

BlastUP Token Projected to Soar 1000% By Year’s End

BlastUP has been getting a lot of attention lately thanks to its high potential to become a major force in the crypto industry. This pioneering launchpad on Blast has already attracted over 12,000 active users

The ongoing presale of BlastUP is a huge success, with over $5 million raised so far. The BlastUP token is considered by crypto experts as a hidden crypto gem that can skyrocket 1000% by the end of this year. 

>> Buy BlastUP Tokens Now for Maximum Returns! <<

 

BlastUP helps crypto startups grow faster and earn more. As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.

BlastUP’s roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem’s capabilities.

 The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

>> Join BlastUP Now or This Rocket Will Take Off Without You! <<

 

Starknet Displays Mixed Signals Amidst Market Uncertainty

Starknet’s current market performance shows a bit of a tug-of-war between buyers and sellers, hinting at some indecision in the market. Recent trends suggest a cooling off after a period of significant excitement, possibly related to broader crypto marketplace dynamics. The trading activity around Starknet is not leaning heavily in any clear direction, as the appetite for risk seems to be balanced with caution.

In considering the Starknet’s fundamentals, its technology caters to a growing interest in scalability and privacy for blockchain applications. Starknet’s role in providing solutions for Ethereum’s network congestion could have a positive impact on its valuation, as adoption grows and technological developments unfold. The future sentiment for Starknet will likely be tied to its practical utility and adoption within the blockchain ecosystem.

 

Dymension’s Rollercoaster Ride: A Closer Look at Market Vibes

The Dymension token is experiencing quite a whirlwind in the market with traders showing a mix of confidence and caution. Its price has swung through significant highs and lows recently, creating a buzz among investors. The excitement is palpable, as the token’s performance seems to be fueled by a strong interest that’s driving its value upwards, despite some recent dips.

Dymension boasts features that aim to innovate and potentially lead to widespread adoption. Its recent journey through various price points has caught the eye of many and could shape its role in the market. The energy surrounding Dymension suggests that its innovative promise might just be turning into real-world value and influence.

 

Conclusion

In reviewing new tokens poised for growth this year, STRK and DYM have potential but may not see immediate, significant increases. Among these, BlastUP stands out as the most promising. The strong concept and integration within the Blast ecosystem contribute to its high potential. Market trends suggest that BlastUP could experience substantial growth, making it a key token to watch.

 

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io





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Experts Call Potential 100% Returns As Investors Book Promising Profit Margin On $MEDA Presale; Price Fluctuates On Ethena And TON

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TLDR

  • Milei Moneda ($MEDA) offers investors an exciting investment opportunity.
  • Experts believe Ethena (ENA) could regain ground lost during the last slump.
  • Analysts predict more gains for Toncoin (TON) in the upcoming months.

Early Milei Moneda ($MEDA) investors count their profits as experts predict a massive surge for the meme coin. Meanwhile, Ethena (ENA) integrates major exchange wallets, and 21Shares inaugurates the first Toncoin (TON) ETP. 

How have these developments affected Ethena and Toncoin prices, and how much profit have early Milei Moneda investors made? Let’s find out!

Economize Like Milei: Invest in $MEDA!

 

Investors Make Exciting Gains in the Milei Moneda’s Presale

Milei Moneda’s presale is one of the most talked about events in the crypto space. This is due to the massive gains that investors can and have made. 

The presale is in Stage 2, and $MEDA is available for $0.0125. Stage 1 investors have already earned a 25% profit. These investors will eventually earn 100% of their initial investments when the presale ends. Meanwhile, investors who get in at Stage 2 will gain 60% at its launch on Uniswap, scheduled for May 21 at $0.020. 

Experts predict more pumps after Milei Moneda launches. This is because $MEDA has a fixed supply of 500 million. Additionally, five percent of this supply will be burned, reducing the amount of $MEDA in circulation.

Furthermore, investors become a part of the Milei Moneda community. They also get voting rights, access to exclusive NFT collections, and earn NFT staking rewards. Moreover, investors’ funds are protected through smart contract audits, locked liquidity, zero team allocations, and no transaction fees. 

These recent and future gains and other benefits make $MEDA the best new crypto to invest in.

Economize Like Milei: Invest in $MEDA!

 

Ethena Collaborates With Major Exchanges For Web3 Wallets

Recently, Ethena Labs announced that it had integrated with Binance, Bybit, OKX, and Bitget wallets. This integration implies users can now lock USDe, Ethena’s stablecoin, in the above-listed wallets. Moreover, Ethena rewarded customers who used these wallets to stake USDe with an extra 20%

Analysts say this move will make it easier for ENA users to stake USDe. It will also attract more USDe stakers and boost activity on the ENA network. 

However, ENA has lost 36% since the announcement. The token has witnessed a significant price drop. This price slump is due to the sharp dip the market experienced because of rising tensions in the Middle East.

Despite this, analysts tip ENA to pump to $4.81 as more people stake USDe for the huge rewards. 

 

21Shares Introduces Toncoin Staking ETP: What’s Next for TON?

Recently, Switzerland-based exchange-traded products giant 21Shares launched a staking ETP for Toncoin. The new Toncoin Staking ETP is a 100% physically backed product that follows TON’s performance while reinvesting staking rewards in the ETP to improve performance.

The product will be traded on the Swiss SIX exchange with the ticker symbol TONN. Investors will be able to earn TON staking rewards without running a staking node.

The Toncoin Staking ETP held $25 million at launch – around 5 million TON coins at that time. The ETP’s net asset value debuted at $20. Now, analysts say the new ETP might have attracted extra interest in Toncoin as the token’s price has increased by 25%.

Experts predict that TON can reach $15 if the interest in the ETP increases. This forecast makes TON one of the altcoins to watch.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!





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