$BLUE is the native token of Bluefin, and Bluefin is the only DeFi protocol on the Sui chain that integrates perpetual contracts, spot trading, RFQ quoting, and lending, making it a true 'Jupiter' of the Sui ecosystem. The data doesn't lie: Bluefin's spot + perpetual trading volume has exceeded 6 billion USD, firmly sitting at the top of Sui's trading volume leaderboard, with contract trading volume accounting for over 85%, annual income of 8 million USD, and a TVL of 160 million USD. This data makes it a standout in the Sui ecosystem.

Not to mention its investment background, which is simply luxurious: top-tier VCs and Wall Street hedge funds like Polychain, Brevan Howard, SIG, Tower Research, and Wintermute are all supporting it. This lineup makes it the 'chosen one' in the Sui ecosystem.

Comparing valuations: Jupiter's FDV ratio in the Solana ecosystem is 1:20, while Bluefin's FDV ratio in the Sui ecosystem is 1:360. What does this mean? $BLUE's market cap still has huge growth potential and is definitely undervalued.

$BLUE is an excellent choice for brushing Alpha Points: low wear and high efficiency.
Tweet: Recently @Binance held a trading competition for the Sui ecosystem, and $BLUE is naturally one of the key targets. I will directly quote the original tweet https://x.com/bluefinapp/status/1923396899052081594…

Let's do a quick calculation: The prize pool has a total of 5 million $BLUE, which will be evenly distributed among the top 8000 traders, meaning each person can get 625 $BLUE. At the current price (around 0.11u each), that equates to about 70u in rewards per person, with the total value of the prize pool at 550,000 USD, showing great sincerity! Plus, there are additional rewards in the Sui ecosystem: the top 4000 in total trading volume can also share Sui tokens, which is essentially double benefits.

Why is $BLUE suitable for volume brushing?

Low wear, extremely low cost.
Bluefin's transaction fee is only 0.01%, and with Sui network's gas fees being so low that they are nearly negligible (the average gas fee for a transaction is less than 0.01u), the overall trading experience is incredibly smooth. I tested it, and with a principal of 1000u on the $BLUE/USDT trading pair, the total loss was about 0.2-0.3u, making the wear rate negligible. Compared to other chains where losses can easily reach 1%-2%, $BLUE is simply a volume brushing tool.

Sui network performance is strong, speed is fast.
Sui's TPS (transactions per second) can reach 300,000, and the confirmation time for a single transaction is less than 400 milliseconds, with very high stability. I previously tried using scripts to place orders, and limit orders were executed immediately without any lag. Note: Binance currently only supports limit orders; market orders need to be operated via @BinanceWallet, so remember to set it up in advance.

Low threshold, little competition.
The top 8000 can receive rewards, which is much easier compared to other popular coins where only the top 1000 get rewards. The overall trading volume in the Sui ecosystem is not particularly large, so as long as you brush a little volume, you can definitely make it into the top 8000. I roughly estimate that brushing about 5000u in trading volume daily (about 10 back-and-forths) can basically secure a spot in the top 8000, maximizing the cost-effectiveness.

Confirmation of fee reduction activity:
I checked the @Binance official website (announcement link: https://binance.com/en/support/announcement/detail/39a16be810fa46dfbd3b4353a4366548…), and currently the trading fee reduction activity for $BLUE is still valid, with the 0.01% rate unchanged, so everyone can brush confidently.

Bottom building completed, surge imminent
From the price trend, $BLUE has been building a bottom for some time. In the last 7 days, it has increased by 18.4%, outperforming the overall crypto market's 12.4% increase, showing a very healthy trend. According to CoinGecko data, the FDV of $BLUE is currently only 1/360 of Sui, compared to 1/20 of Jupiter, indicating that the valuation is clearly undervalued. Market sentiment is shifting, and the surge phase for $BLUE may be just around the corner.

Bluefin Pro internal testing launched
The newly reconstructed perpetual product Bluefin Pro has begun internal testing, with overall performance and experience upgraded. It is said that top market makers have praised it as 'awesome' after testing, and it is expected to attract a wave of new users once officially launched, with trading volume and TVL likely reaching new highs.

Galxe event launched
Bluefin has just launched a new event on Galxe (link: https://app.galxe.com/quest/bluefin/GCJN7tmBAb…), where participants can earn points and rewards by completing tasks. This operation is clearly creating momentum for future airdrops, and the narrative of $BLUE is shifting from 'trading infrastructure' to 'ecosystem incentives + user growth', making its future growth potential significant.

The potential of the Sui ecosystem is just beginning to be released, and $BLUE, as a core player in the ecosystem, is definitely worth close attention. Don't wait until the surge to regret.