The pancake has broken through 90,000, and Ethereum has also stabilized above 1,700. Brothers can start looking for key points!

One key project that cannot be ignored in this market trend is SUI. What I want to talk about is not just the SUI token, but the entire ecosystem.

The TVL of the SUI chain has seen explosive growth in the past six months, currently stabilizing above 1 billion, with a monthly growth rate of over 20% for all projects on the chain.

Today, with the rebound of altcoins driven by BTC, the SUI ecosystem has also shown the most significant increase, with $SUI and $cetus both rising over 20%, and $DEEP seeing a daily increase of over 100%.

Expected Airdrop

Currently, playing SUI is basically playing on-chain #DEFI, among which the yet-to-issue MMTFinance can be a key project to participate in. This project will start the construction points event on the 28th, and the current phase you can participate in is the LFG phase, which allows you to earn 20% more points compared to the WAGMI phase on the 28th.

Last night, I created three accounts to add liquidity to SUI/USDC, with each account having 1,000U. When adding, the price of SUI was 2.35U, and the APR was 380%. It has now risen to 1,046%.

I roughly calculated that, excluding the price appreciation of the SUI token, the average daily fee income is around 0.8%, earning about 4U in one night for 1,000U. Adding the price appreciation income, that's around 45U in one night, which is quite good. Brothers with spare cash can participate, earning more airdrop points while managing their finances.

Secondary Trading

In terms of trading coins, $cetus still offers a good cost-performance ratio. Although it has risen for two consecutive days to a price of 0.13U, the daily chart has not yet broken through the bottom consolidation range, and the circulating market value is still less than 100 million.

As the leading DEX in the SUI ecosystem, compared to the 500 million market value of Deep, the cost-performance ratio is already very high. I bought a portion around 0.11 yesterday. If there is a chance to dip back to 0.1, I will buy more.

If you really want stability, I directly suggest buying SUI. The current circulating market value is just over 10 billion, which is relatively low among the top ten public chains.