SUI Ecological Leading DEX - Bluefin Lottery Event
5 * 300 $Blue (approximately 5 * $35)
Participation method at the end of the article, let's first understand Bluefin:
➤ Ecological data shows that Bluefin may have growth potential
As the leading DEX in the SUI ecosystem, Bluefin has a total trading volume of $53 billion, with a daily trading volume of $38 million and a total of 24,000 transactions.
Some compare Bluefin to Solana's Jupiter, and Brother Bee made a comparison:
✦ Comparison of FDV Market Cap Ratio
$Blue's FDV / $SUI's FDV = 0.26%
$JUP's FDV / $SOL's FDV = 5.15%.
✦ Comparison of FDV/TVL Ratio
$Blue's FDV / Bluefin Ecological TVL = 0.77
$JUP's FDV / Jupiter Ecological TVL = 2.07
✦ Comparison of TVL Ecological Ratio
Bluefin's TVL / SUI's TVL = 6.98%
Jupiter's TVL / Solana's TVL = 24.59%
Comparing the DEX's own value/ecological ratio, Bluefin is undervalued.
Comparing with the value ratio of the public chain's ecosystem, Bluefin may also have growth potential.
➤ Bluefin's Product Advantages Determine Its Potential
❚ RFQ Product Provides Users with Optimal Trading Solutions
Bluefin supports spot trading and perpetual futures, being the first RFQ product in the SUI ecosystem. RFQ, Request for Quote.
The system selects the optimal trading solution from available options (including other traders, LPs, and aggregators) based on the user's trading request (including price and trade amount) to provide to the user, who then confirms and executes the trade.
✦ Spot Trading
For spot trading, Bluefin uses the CLMM model, Concentrated Liquidity Market Maker, where LP liquidity is concentrated in a specific price range, resulting in lower price slippage for spot trading.
Additionally, Bluefin supports aggregators, allowing it to select the optimal trading solution from other users, LPs, and aggregators, achieving extremely low slippage.
Of course, it supports anti-MEV.
✦ Perpetual Futures
For perpetual futures, the system matches users with multiple liquidity market makers to find the optimal trading solution. Users can trade after depositing into Bluefin's perpetual futures account. Perpetual futures trading has 0 Gas and 0 slippage.
The maximum leverage for BTC, ETH, SUI, and SOL is 20 times, for mainstream coins like APT it is 10 times, for SUI ecosystem coins like BLUE it is 5 times, and for $TRUMP it is 3 times.
Interestingly, when entering the mainstream coin trading interface, the default is 10 times leverage, 5 times for BLUE, while some coins have a default of 1 time.
❚ Trading Interface and Experience Close to CEX
After entering advanced mode for spot trading, users can view the market cap, liquidity, trading volume, on-chain distribution concentration, holders, and audit status of tokens, along with recent trading volume and order information. This is more suitable for trading meme coins and spot trading.
The perpetual futures trading interface has a relatively complete order book trading interface, with market maker order information available, creating a more open and transparent environment.
Bluefin's technical framework uses SUI+TEE+Walrus framework.
User funds are on SUI, while the platform's frontend exists on decentralized storage Walrus. Users send trading requests through the frontend, which are sent to the TEE (Trusted Execution Environment), where trades are matched, and then settled on the SUI chain.
The entire process is decentralized, and this SUI ecological framework can achieve extremely high performance, with trade matching typically not exceeding 1 millisecond.
➤ SUI Ecosystem Still Has Potential
#SUI is considered the next Solana, but actually, the development language for SUI applications, Move, is known for being developer-friendly, making it potentially easier to develop or innovate applications on SUI than on Solana.
The SUI ecosystem still has room for imagination in the next 0 to 4 years.
➤ To Summarize
As the leading DEX in the SUI ecosystem, comparable to Solana's Jupiter, Bluefin may have horizontal expansion potential. The reason is that its RFQ can provide users with better trading solutions, while the trading interface design and SUI+TEE+Walrus framework offer a better trading experience. Furthermore, the SUI ecosystem itself may have vertical growth potential.
Finally, the participation method for the anticipated lottery:
1. Follow @bluefinapp @oooh_aria @zabimx
2. Retweet and comment on the highlights of Bluefin, and tag @giverep at the end.
