Update on the recent SUI ecosystem progress. Recently, SUI's actions have been accelerating, and both the project parties and the foundation have clearly sped up their support for the ecosystem, with new opportunities continuously emerging. Below is a brief overview of several key changes during this period:
1. Cetus enters a repair phase after a security incident
Recently, an important DEX in the SUI ecosystem—Cetus—experienced a security vulnerability that had a significant impact, leading to a noticeable decline in the total value locked (TVL) and trading volume across the ecosystem. Fortunately, the foundation intervened promptly to provide support, and Cetus has completed full compensation and resolved the technical issues. Recently, its coin price has also shown a significant rebound, indicating it has come out of the trough.
2. Ecosystem applications are gradually increasing, with popular projects continuously launching
As Binance has increased its support for the SUI ecosystem, more and more new projects are beginning to emerge. For example, the DMC project based on real-world assets (RWA) has already launched its Alpha+ contract; there is also a gaming project XO that has received backing from the Binance Alpha program. Additionally, keep an eye on the upcoming SUI project Kaito, which is worth looking forward to.
3. The meme sector is temporarily quiet, awaiting new hotspots
In the previous round, SUI's meme sector had a popular project—Hippo—but this round has yet to see a new hit meme. This may also be related to the currently low participation of users in the Chinese-speaking community, and this area still has explosive potential in the future.
4. SUI is applying for an ETF, optimistic in the long run
SUI is advancing its application for an ETF (Exchange-Traded Fund). This is generally just a matter of time; as long as the fundamentals are stable, the likelihood of approval in the future is very high.
5. Strongly recommended: Turbos, a DEX project worth paying attention to
Turbos, this decentralized trading platform, has a mature product, good security, and decent performance in returns. Friends who are interested can take a closer look.
In summary, although the SUI ecosystem has experienced some fluctuations, it is overall moving forward at an accelerated pace. New projects are continuously launching, the infrastructure is becoming more and more complete, and opportunities are increasing. We can continue to follow its development, especially in the current context of intensifying competition among public chains, SUI's performance is worth looking forward to!
