Recently, not only has SUI's performance been impressive, but WAL and DEEP in the ecosystem have unexpectedly entered the top 100 by market cap, which is fantastic! More and more people are paying attention to the SUI ecosystem, and there are some potential projects ready to take off! Below is a recap of the projects related to the SUI ecosystem.
🔘Walrus — Sui's storage 'engine'
Walrus is a decentralized storage protocol on Sui, focusing on high availability + low cost, making it very suitable for storing unstructured data, especially as underlying storage infrastructure in AI scenarios. It is also one of the key projects supported by the Sui Foundation this year, and WAL holdings can participate in mainnet staking with good annualized returns.
——————————————————
🔘DEEP — the 'hood' of trading strategies
DeepBook is a decentralized order book exchange built for Sui, supported by the FlowX and FlowBTC teams, who have experience in trading.
Currently focusing on stablecoin market making and strategy trading, with strong performance and fast execution, it is the 'liquidity core engine' of the entire Sui DeFi ecosystem.
——————————————————
🔘BTC-FI: SUI is here
Recently, SUI joined BTC-FI. There are really too many projects mentioned regarding BTC-FI. I didn't expect that now 10% of Sui's TVL comes from BTC assets, approximately 150 million in BTC assets, with nearly 6,000 BTC flowing into the Sui ecosystem. The bridgehead for BTC DeFi is emerging, and this speed really surprises me, showing the level of user preference for Sui chain BTC-FI.
——————————————————
🔘The latest performance data of SUI DeFi
🔹TVL: TVL exceeded 1.5 billion USD, ranking 9th across all chains and 3rd among non-EVM chains, with 10% coming from BTC assets.
🔹Stablecoin: Supply reached 900 million, with over 60 million USD flowing in within 24 hours.
🔹Trading volume: Monthly trading volume nearly 6 billion, weekly frequency comparable to Arbitrum, Base
🔹High activity: Daily DAU broke 2.47 million, with 1.47 million transactions per day
This wave of DeFi momentum for Sui is no longer just a 'potential chain'.
——————————————————
Suiplay: Sui's lightweight Web3 gaming plaza
I mentioned buying Suiplay before, but got delayed. I just clicked in, and it's already sold out. Congratulations to those who successfully purchased; it's time to start the winning mode.
Suiplay is a lightweight gaming entry on Sui, featuring one-click access without complex wallet operations, combining mini-games + social plaza, allowing users to easily get started and enabling developers to quickly publish games. It's like 'WeChat mini-games + square dancing' on-chain.
——————————————————
🔘Core DeFi projects on Sui
Suilend @suilendprotocol: The leading Sui lending platform, supported by Jump, preparing to introduce a dynamic liquidation model.
Cetus @CetusProtocol: The Uniswap V3 version on Sui, supporting concentrated liquidity + dynamic fees, with a high TVL.
Bluefin @bluefinapp: A professional derivatives trading platform on Sui, supporting perpetual contracts and separate liquidity pools, focusing on high performance and trading efficiency.
Navi Protocol @navi_protocol: A comprehensive DeFi platform with a clear governance structure, supporting multiple assets.
Scallop @Scallop_io: Asset management modular direction, financial background team + fast compliance advancement.
——————————————————
Potential projects in the Sui ecosystem before TGE
1️⃣ Momentum @MMTFinance
The first ve(3,3) DEX on Sui, with 100% of the stablecoin supply on the Sui chain being minted by Momentum.
Design philosophy DeFi 3.0, cross-asset dynamic weight pools + on-chain liquidity strategy management, is one of the projects I have heavily invested in recently.
Tutorial link 🔗https://x.com/EvaCmore/status/1907369734418657516
2️⃣Ika @ikadotxyz
Ika is a parallel MPC network that fills the gap in multi-chain asset management and interoperability. It not only enhances the security of the Sui ecosystem but also attracts more DeFi users and institutional liquidity.
Tutorial link 🔗https://x.com/EvaCmore/status/1907799079176061081
3️⃣Astros
Astros is a DEX aggregator incubated by Navi, which recently launched some trading activities that were quite good; many people received a reward of 20U on a single account yesterday.
Tutorial link 🔗https://x.com/EvaCmore/status/1911691179349119081
Sui Basecamp (May)
Sui Basecamp is the largest annual conference of the Sui ecosystem, gathering global developers, project parties, and investment institutions, showcasing the latest results and roadmaps across DeFi, GameFi, AI, infrastructure, and more. It is the best window to understand the full picture and potential of Sui.
——————————————————
SUI has not only risen, but the entire ecosystem is accelerating its maturity. The infrastructure is stable, TVL has increased, BTC assets are coming in, and even the gaming and DEX sectors are starting to gain traction. Whether it's the explosion of old projects or the warming up of new projects, it all hints at one thing: SUI's spring is truly coming.