Whys sui ecosystem booming? | Bitcointalksearch.org

mk4

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Quote from: Iamcrypticguy on October 15, 2024, 03:40:58 PM

Quote from: mk4 on October 14, 2024, 11:07:42 PM

Actually, SUI ~~ecosystem~~ is booming. Yes, just SUI.

Stablecoin marketcap on the SUI chain is still very low, whereas the TVL in general is growing just because SUI itself is growing price-wise.

So what your point pls!?

Only SUI's price is booming, not necessarily the ecosystem.

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Quote from: TastyChillySauce00 on October 15, 2024, 06:43:17 PM

-snip-
I think SUI is still kind of "empty" ecosystem, not much going on in there, there were occasional big airdrop as well but so far people go there just to get rewards and that's it.
unlike solana which has its own niche that could increase the activity inside blockchain.

Yes maybe so as you said, the SUI ecosystem is still empty and hasn't developed quite well like the rest of the ecosystems.
This hype is probably due to the trending memecoin market and SUI previously also followed the memecoin trend but could not match ETH san SOLANA.

Seeing how SUI's history is hated by the airdrop community for not giving airdrops for free, this sparked a lot of resentment at first.
But now that SUI has started building its ecosystem, it's enough to improve itself and make things better.

Looking at how SUI is developing now, it is far beyond my expectations, but of course it still needs a lot of improvement.

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Quote from: Iamcrypticguy on October 12, 2024, 04:34:59 PM

Do you think it's about meme coins? Heard rumours about sui memes doing incredibly well.

they are doing incredibly well but not that massive, mcap still limited, moreover the hype toward the meme coin exist solely because SUI is rather bullish.
I think once SUI is getting some pullback trend might be gone, but honestly, there's always chance that SUI can have another rally and become next solana.

I think SUI is still kind of "empty" ecosystem, not much going on in there, there were occasional big airdrop as well but so far people go there just to get rewards and that's it.
unlike solana which has its own niche that could increase the activity inside blockchain.

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Quote from: mk4 on October 14, 2024, 11:07:42 PM

Actually, SUI ~~ecosystem~~ is booming. Yes, just SUI.

Stablecoin marketcap on the SUI chain is still very low, whereas the TVL in general is growing just because SUI itself is growing price-wise.

So what your point pls!?

mk4

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Actually, SUI ~~ecosystem~~ is booming. Yes, just SUI.

Stablecoin marketcap on the SUI chain is still very low, whereas the TVL in general is growing just because SUI itself is growing price-wise.

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Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

The transaction free of SUI chain is very low and currently it is seen that they are giving various giveaways to those who are stacking SUI. Today I saw a giveaway that people who staked 1+ SUI in their wallets got a token called DEEP which users sold to get a reward of $50 or more. These factors are helping to promote the SUI ecosystem to a greater extent and increase user attraction towards it. These strategies of the SUI platform also seem positive to me that they may do well in the future. So if one has enough money he can invest some amount in SUI using DCA method

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Are SUI and SEI related? I think they are booming, and there has been a recent rise in the price. I have seen and traded this coin, and I am thankful that I saw the pattern for it, but I am not that aware of it being mainstream.

I don’t see it as a meme coin though, is it?

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Quote from: TastyChillySauce00 on October 11, 2024, 09:25:43 PM

Seems like most of transactions coming from meme coins, as always meme coin trend will always comes out of nowhere especially the case with SUI.
I've seen plenty of memes that are reaching ATH in SUI.

24h gain is great, but the market cap is not that big it seems.solana's memes still dominates.

The SUI memecoin is growing and has started to show good things when many SUI memecoins reach a market cap of millions or even hundreds of millions in just a flash.
Some Solana users are starting to move or start using SUI as a place to hunt for the latest memecoins.

This will be a memecoin project that raises SUI even better.
Due to the tremendous increase in transactions and TVL, SUI can compete with SOLANA.

I'm even interested in the SUI network, but the past still haunts me with the Rug pull I've experienced in the SUI network, but that will only disappear when it starts to be the beginning of Hype SUI this time.

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Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

I often hear that SUI is growing rapidly in an ecosystem that has been built and developed very well in recent times. There are several references that reveal the SUI network has the potential to build in the future by strengthening the project network to maintain current liquidity, if you follow the existing references when looking at meme coins that are currently popular using the SUI network.
In this early stage, SUI is still starting a new trend after being defeated by the Solana network last year, now SUI is starting to grow with the support of many networks to increase the volume of SUI Dex transactions which continues to increase this month.

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Quote from: TastyChillySauce00 on October 10, 2024, 08:34:36 PM

honestly I don't really understand about SUI hype, it just comes out of the blue and everyone suddenly saying that the ecosystem is HYPE and the meme over there are making it big.
but seeing in dexscreener, the 24h volume still around $100m which still fall short compared to the like of BASE (an L2 which supposed to be lower than popular L1). but I guess it's because SUI hype is still new.

so really there's no obvious reason as to why SUI suddenly become the hot topic and retouched ATH again Grin

. I guess it's just a trend that comes out of nowhere.

Do you think it's about meme coins? Heard rumours about sui memes doing incredibly well.

Quote from: R1dwanRz on October 12, 2024, 05:57:34 AM

Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

SUI looks good on the chart, I remember when it was around 0.5$, so good to see them thriving in the market and making developments.

You gotta do your own research if you wanna invest in SUI, and the supply has billions, so invest wisely. You may join in giveaways on Twitter or CEX events like this one giving away SUI and CATI rewards for your first time depositing or trading.

The thing is that meme coins also made their home in SUI and making this blockchain more known to people. I mean people really like to take risks on memecoins cos real projects feel boring to them. Just talking about short term price changes haha.

This Bitget giveaway, I'm not in the region.. those in SA could consider. Probably I'll be patient and DCA into sui slowly or trade or on futures ahahaha. Either ways, I'm getting in..

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any lowcap memecoins on SUI, you guys are watching. like less than $100k marketcap?

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Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

SUI looks good on the chart, I remember when it was around 0.5$, so good to see them thriving in the market and making developments.

You gotta do your own research if you wanna invest in SUI, and the supply has billions, so invest wisely. You may join in giveaways on Twitter or CEX events like this one giving away SUI and CATI rewards for your first time depositing or trading.

The thing is that meme coins also made their home in SUI and making this blockchain more known to people. I mean people really like to take risks on memecoins cos real projects feel boring to them. Just talking about short term price changes haha.

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Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

There are many interesting things in the SUI ecosystem that have created positive sentiment for its price and development, one of which is that they use RUST-based smart contracts and this is quite interesting so that there is an assumption that in the future it will create many functions and uses in their ecosystem, whether the DeFi sector, NFT, to blockchain-based gaming applications to the next stage.

SU is indeed a newcomer, but for the trust of the SUI community, it also gets special attention, as seen from the price defense that does not immediately drop if there is an unexpected market correction and does not quickly disappear in the market when the market is in bad condition.

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Quote from: taufik123 on October 11, 2024, 01:51:11 PM

SUI is still starting its trend again after a long time of not being hyped and defeated by SOLANA and BASE,
but now the SUI Network is also starting to get crowded with the emergence of many memecoins.

The attraction is also the low fees for each trade made, and it is now very easy to create a memecoin project.

Not only that, Now the SUI Ecosystem is also starting to grow with an increase in transaction volume and also an increase in the number of Decentralized Applications (dApps), with data supported by DefiLama revealing that the increase in SUI volume increased by around 50% on SUI Dex transactions and weekly transactions reached around $902 Million.

Seems like most of transactions coming from meme coins, as always meme coin trend will always comes out of nowhere especially the case with SUI.
I've seen plenty of memes that are reaching ATH in SUI.

but so far SUI still below L2 which means there's still more room to grow, I personally believe that if SUI keeps up with the trend, they will eventually surpass the L2, but knowing that SUI uses MOVE language, I doubt the ecosystem can grow that much without SUI incentivizing development of smart contract in the ecosystem since developer will more likely spend much time developing the contract code instead of using existing library as far as I know.

a glimpse to SUI's memes :

24h gain is great, but the market cap is not that big it seems.solana's memes still dominates.

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SUI is still starting its trend again after a long time of not being hyped and defeated by SOLANA and BASE,
but now the SUI Network is also starting to get crowded with the emergence of many memecoins.

The attraction is also the low fees for each trade made, and it is now very easy to create a memecoin project.

Not only that, Now the SUI Ecosystem is also starting to grow with an increase in transaction volume and also an increase in the number of Decentralized Applications (dApps), with data supported by DefiLama revealing that the increase in SUI volume increased by around 50% on SUI Dex transactions and weekly transactions reached around $902 Million.

https://defillama.com/dexs/chains/sui

For TVL, SUI is now up to $1.05 Billion and this proves that SUI is starting to rise slowly and puts SUI in the 7th rank as the top blockchain network based on TVL.

https://defillama.com/chains

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Quote from: FortuneFollower on October 11, 2024, 03:37:02 AM

Quote from: MAAManda on October 11, 2024, 03:30:57 AM

There's already a topic with the same discussion here, you can visit it and see the important references that you can get, I also made a response in that topic. I still have the same opinion on $SUI, they're getting better because of 2 things going on there:

1. $USDC is already available on the $SUI network, which strengthens the project in terms of protecting its users from a lack of liquidity.
2. The current meme trend happening on the $SUI network.

Yeah, the meme craze is going from a chain to a chain, sparking debates and funds going all around into coins with dogs and cats Grin

I hope SUI will become even better in the time to come. Thanks for the references for the OP.

You're welcome, mate. All networks have their own meme trends, what makes the difference is how the trend plays out on one network and other network. On the Sui network, sudeng (HIPPO) leads the MC race, followed by BLUB (BLUB) and Fud The Pug (FUD). The projects still look so small on the MC side, that's why this category is hot on the Sui network. To see the full details, you can visit the Coingecko page.

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Quote from: MAAManda on October 11, 2024, 03:30:57 AM

Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

There's already a topic with the same discussion here, you can visit it and see the important references that you can get, I also made a response in that topic. I still have the same opinion on $SUI, they're getting better because of 2 things going on there:

1. $USDC is already available on the $SUI network, which strengthens the project in terms of protecting its users from a lack of liquidity.
2. The current meme trend happening on the $SUI network.

Yeah, the meme craze is going from a chain to a chain, sparking debates and funds going all around into coins with dogs and cats Grin

I hope SUI will become even better in the time to come. Thanks for the references for the OP.

MAAManda

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Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

There's already a topic with the same discussion here, you can visit it and see the important references that you can get, I also made a response in that topic. I still have the same opinion on $SUI, they're getting better because of 2 things going on there:

1. $USDC is already available on the $SUI network, which strengthens the project in terms of protecting its users from a lack of liquidity.
2. The current meme trend happening on the $SUI network.

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Quote from: Iamcrypticguy on October 10, 2024, 11:42:55 AM

Hey everyone, Sui has been on a rollercoaster lately, recently hitting over $2 in price. Anyone familiar with the Sui ecosystem—what do you think is causing this? I'm noticing a correction right now, and once it's over, I plan to jump in by any means possible either by giveaways or DCA. Anything 😀

I don't really understand what Sui Network is trying to build, but from what I've heard lately, they have some good development going on and there's also some memecoin hype out there. Memecoin helps this network to be more known by many people, I think that's the reason why the price of this project's token can be so high lately.

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Quote from: TastyChillySauce00 on October 10, 2024, 08:34:36 PM

honestly I don't really understand about SUI hype, it just comes out of the blue and everyone suddenly saying that the ecosystem is HYPE and the meme over there are making it big.
but seeing in dexscreener, the 24h volume still around $100m which still fall short compared to the like of BASE (an L2 which supposed to be lower than popular L1). but I guess it's because SUI hype is still new.

so really there's no obvious reason as to why SUI suddenly become the hot topic and retouched ATH again Grin

. I guess it's just a trend that comes out of nowhere.

The current hype is people making money from gambling on shitcoins. People are just hoping from a new chain to another

Topic: Whys sui ecosystem booming? (Read 271 times)