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Update on the recent SUI ecosystem progress. Recently, SUI's actions have been accelerating, and the project party and foundation have clearly increased their support for the ecosystem, with new opportunities continuously emerging. Here are a few key changes during this period:
1. Cetus enters a repair period after encountering a security incident.
Recently, an important DEX in the SUI ecosystem, Cetus, experienced a security vulnerability that had a significant impact, leading to a noticeable decline in the total value locked (TVL) and trading volume across the ecosystem. Fortunately, the foundation intervened quickly to provide support, and Cetus completed full compensation while addressing the technical issues. Recently, its token price has also seen a significant rebound, marking a recovery from the low point.
2. Ecological applications are gradually increasing, and popular projects are continuously being launched.
As the support for SUI ecosystem from coin a. increases, more and more new projects are starting to emerge. For example, the DMC project based on Real World Assets (RWA) has launched the Alpha+ contract; there is also the game project XO, which has received backing from coin a.'s Alpha program. Additionally, the upcoming SUI project Kaito is worth paying special attention to and is highly anticipated.
3. The meme sector is temporarily quiet, waiting for new hotspots.
The previous round of the SUI meme sector had a popular project called Hippo, but this round has yet to see a new breakout meme. This may also be related to the currently low participation of users in the Chinese-speaking community, but there is still potential for an explosion in this area in the future.
4. SUI is applying for an ETF and is optimistic in the long term.
SUI is advancing its ETF (Exchange-Traded Fund) application. This is generally a matter of time; as long as the fundamentals are stable, the likelihood of approval in the future is very high.
5. Highly recommended: Turbos is a DEX project worth paying attention to.
The Turbos decentralized trading platform has mature products, good security, and decent performance in returns. Friends who are interested can take a closer look.
In summary, although the SUI ecosystem has experienced some fluctuations, it is overall progressing rapidly. New projects are continuously being launched, the infrastructure is becoming increasingly完善, and opportunities are growing. We can continue to pay attention to its development, especially in the current climate of intensifying competition in public chains, the performance of SUI is worth looking forward to!