The top Memecoin project on Sui, lofi, has migrated the majority of its liquidity from Cetus to Turbos. The hottest meme coins traded on Phantom, LOFI, SUIMON, and TOILET also have the best liquidity on Turbos. It can be said that most of the liquidity for Sui memes is now concentrated on Turbos, which has found a different path in Dex.
➤ Why do all Memecoins choose to be on Turbos?
🔹Maximum Support for Memes
As the Meme engine of the Sui ecosystem, Turbos gathers a large number of Memecoin enthusiasts and community users, having launched several successful projects like SUIAI, DESCI, SUIDEPIN, and others with dozens of times the asset value, creating a strong traffic effect. It offers the greatest support for Memecoins, covering almost all popular memes, with comprehensive support, allowing Memecoins to choose Turbos due to its liquidity pool and trading mechanism.
🔹Smart Routing with Low Slippage, Single Coin LP
Turbos adopts the CLMM model, allowing liquidity providers (LP) to customize price ranges, maximize returns, and reduce impermanent loss, significantly enhancing trading experience and liquidity depth. It also provides a convenient and fast zap single LP feature.
🔹Permissionless Token Listings and IDO Platform
Turbos has launched the Turbos Launchpad, supporting permissionless token listings and 0% fee IDOs, facilitating Memecoin projects to quickly go live. They need to pair with $TURBOS and provide liquidity, along with a pump-mode meme launcher called /Turbos.Fun.
🔹Incentives and Dual Mining Rewards
The platform provides high rewards and a dual mining mechanism for LPs, attracting a large amount of funds into the liquidity pool.
🔹Community and User Incentives
Memecoin project teams can quickly go live and gain community support, providing rich data tools and incentive measures to accelerate project growth. This allows users to easily view transactions, engage in LP, and participate in IDOs, forming a virtuous cycle.
❚ Comparison of Turbos' Advantages with Other DEXs on Sui
Summary
Turbos, with its focus on the Meme market, has successfully incubated several projects that have multiplied in value. Functionally, it features single LP, smart routing, dual mining rewards, and community incentives, especially in the meme track, it holds an advantage over other DEXs. Although Cetus has advantages in trading depth, professional tools, and tokens, Turbos provides more incentives and assistance for meme trading, hence liquidity is mostly concentrated in Turbos, finding a different path in Dex.