BLUE

I slapped my thigh again, this time it was the project #Bluefin that I had researched!

A few days ago, Ziqing asked me to buy $BLUE at 0.14, but Pipi didn't. I watched it rise to 0.2, but I was still obsessed with placing an order at 0.16. The highest in the past two days was 0.4X!

It would have been fine if I didn't buy the bottom, but Gou also asked me to form a BLUE-SUI pool for liquidity mining, but Pipi didn't participate. Today, I saw that BLUE-SUI's 24-hour APR has reached 1900%!

No matter, I will use the USDC that I previously participated in mining for other projects to form USDT-USDC to mine 60% APR.

I took a look and saw that as the price of the currency rose, Bluefin's data was also rising. After TGE, TVL increased from 35M to 49M, and the number of users increased from 84,030 to 97,336, which was also due to the new high of SUI. The strong ecology is still different.

In addition, Bluefin's trading reward activities are still ongoing. Pipi is not good at trading, so I won't do it. I'll leave it to interested friends!

The three pillars of DeFi on the public chain: decentralized exchanges, lending and stablecoins, and perhaps a "decentralized contract exchange" should be added!

Hyperliquid's recent strength has attracted everyone's special attention to #Perps DEX. It is true that dedicated chains are one of the future development directions, but the users of each public chain are not so easy to be plundered.

Let's take a look at the #Sui chain Perps leader #Bluefin , which is about to TGE!

Bluefin has investments from Polychain, DeFiance Capital, and Three Arrows Capital. It is headquartered in London and has dedicated security engineers in the company to ensure the safe operation of the project.

Its maximum token supply is 1 billion, with an initial circulation of 150 million. The current pre-market price on AEVO is 0.28U, which means a circulating market value of 42 million and a full circulating market value of 280 million.

Borrowing a statement that was more widely accepted in the circle some time ago, "Binance is unlikely to consider listing a coin with a circulating market value of over 100 million", then $Blue meets the conditions.

Then came the part of the project revenue that Pipi likes to watch the most. Pipi carefully compared the data of Bluefin official and DeFiLlama, which are basically the same.

Comparing the data of THENA, which was just listed on Binance some time ago, before Sui started to gain momentum, THENA's revenue data was stronger than Bluefin; but in the strong period of Sui in the past three months, before THENA was listed on Binance, the revenue of the two was similar. But it still needs to be said that in terms of TVL, Bluefin is only 60% of THENA.

However, with the circulating market value of only half a billion, Pipi's expectations for this revenue data are even stronger.

Regarding the MOVE system, Sui itself is very strong. It can be said that it has made the Sui ecosystem and the MOVE system active again in front of everyone by its own efforts. In addition, Sui's Dex Cetus has been launched on Binance some time ago, which also shows that the basic projects of the public chain need attention.

Yesterday, $MOVE rose strongly despite the market crash, which undoubtedly brought some attention to the MOVE system. After all, its main slogan is to bring the MOVE language to EVM.

Let Pipi keep a thought, if Movement follows the same pull-up mode as Sui, can Bluefin become a Movement ecological project? 👀

Movement just lacks ecology, and the MOVE system's DEX Cetus also spans the two major MOVE system public chains Sui and Aptos, so the multi-chain path is suitable.

In summary, Pipi has added Bluefin to the watch list!