The SUI ecosystem is thriving, a list of popular projects and Tokens

Recently, the cryptocurrency market has mainly focused on two directions: the continued popularity of meme Tokens and the strong performance of the SUI public chain. As a Layer 1 project that emerged at the end of the previous cycle, SUI has been controversial due to its Token distribution method, but its coin price performance has been quite impressive recently. From 0.76 USD at the beginning of September, it has risen to 2.16 USD, approaching its all-time high of 2.18 USD, with an increase of approximately 185% in a month and a half.

This wave of SUI market is led by institutions, narrating a story of replacing Solana. The influx of funds has not only driven up the coin price but also promoted the overall development of the ecosystem, including Total Value Locked (TVL), ecological projects, and even related meme coins are showing an upward trend.

Here are several important projects in the SUI ecosystem worth paying attention to, along with their Token performance:

Cetus

As the largest decentralized exchange (DEX) in the SUI ecosystem, Cetus adopts a concentrated liquidity protocol similar to Uniswap V3. Its product line is rich, including DEX, liquidity pools, money market pools, yield vaults, and Launchpad, among others. The platform also integrates the central limit order book DeepBook and the cross-chain bridge Wormhole.

Cetus's Launchpad feature provides an IDO launch platform for SUI ecosystem projects, which is also one of the key factors for maintaining its leading position in the DEX market. Currently, Cetus's platform has a locked value of over 200 million dollars, ranking fourth in the SUI ecosystem, with a growth of 83% in the past month.

Its token $Cetus has increased in price by 180% in the past 30 days, currently priced at approximately 0.17 USD, close to its historical high of 0.186 USD. The current market cap is 54.52 million USD, ranking 638th on Coingecko.

NAVI

NAVI is the first native one-stop liquidity protocol in the SUI ecosystem, similar to Aave on Ethereum, primarily providing lending services. It currently supports various assets including SUI, vSUI, NAVX, USDT, USDC, CETUS, and WETH. The stablecoin deposit annual interest rate offered by the platform is about 7%, while SUI is 4%.

NAVI ranks first in locked value within the SUI ecosystem, reaching $500 million, with a 52% increase over the past month. However, the price performance of its token $NAVI has lagged behind. Although it has risen over 150% in the past 30 days, it still has a large gap to its all-time high. The current token price is approximately $0.15, with a historical high of $0.357, and a current market capitalization of $36.62 million.

Scallop

Scallop is another lending protocol in the SUI ecosystem. In March of this year, the project completed a strategic financing round of 3 million dollars, with investors including CMS Holdings, 6th Man Ventures, and Mysten Labs (the parent company of SUI), among others. At the end of April, Scallop also received strategic investment from DWF Labs, which will act as Scallop's main liquidity provider on major centralized exchanges.

The Token $SCA has been on a downward trend since its launch, with a slight recovery recently, rising by 52% in the past month. The current price of $SCA is approximately 0.376 USD, with a historical high of 1.28 USD and a current market capitalization of 20.34 million USD.

The Meme Coin of the SUI Ecosystem

HIPPO

HIPPO is a meme coin on SUI, inspired by the Thai internet celebrity hippo "Bouncing Pig" MOODENG. Similar concept tokens have achieved significant success on Solana and Ethereum. The current price of HIPPO is approximately $0.0148, close to its all-time high of $0.01848, with a market cap of $148 million and a 17% increase over the past seven days.

AAA

AAA is a meme coin featuring a black cat, originating from an emoji on the SUI naming service. Unlike most meme coins with marine life themes, the AAA community compares it to the famous Popcat on Solana. Currently, the price of AAA is approximately 0.0019 USD, close to its historical high of 0.00253 USD, with a remarkable increase of 293% in the past week, and a market capitalization of 19 million USD.

BLUB

The image of BLUB is a fish with a Pepe face, which used to be the hottest meme coin in the SUI ecosystem until the emergence of HIPPO. BLUB was launched on September 1, coinciding with the rise of SUI, skyrocketing from an initial market value of 3.5 million dollars to a peak of 48 million dollars, an increase of 11 times. Currently, the price of BLUB is approximately 0.0(6)123 dollars, with a historical high of 0.0(6)161 dollars, and it has recently seen a pullback, with a 7-day decline of 9.8%, and the current market value is about 40 million dollars.