Community Call

Recently, the SUI blockchain has shown strong performance, with its ecosystem projects such as the DEX Cetus, the one-stop liquidity protocol NAVI, and the lending protocol Scallop all experiencing significant rise. At the same time, the meme coins in the SUI ecosystem have also attracted heated discussions and performed well. Although the market is active, investors still need to cautiously assess risks.

The PFP NFT market is experiencing a downturn, and Gameta is seeking opportunities during its transformation. It is committed to attracting ordinary users through ultra-casual games, leveraging NFTs and the Web3 ecosystem to break the traditional elite strategy of "blue-chip NFTs" and build a popular NFT gaming entertainment ecosystem. Gameta has launched multiple games with high activity, promoting the integration of NFTs with real-world scenarios.

The HIP Token will be launched on the trading platform tonight, and users can claim the token through the Hipp Dash app, with the claiming time set for April 23 at 10 AM (UTC). Gameta plans to expand its ecosystem and features in 2024, introducing new products and community reward activities.

The SUI ecosystem is developing rapidly, with a market capitalization that has entered the top 20. Its PoS-based blockchain supports decentralized applications and has recently attracted a large number of developers. Meanwhile, DeFi, gaming, and meme token projects are emerging one after another. Despite the optimistic outlook, SUI still faces challenges related to market competition and insufficient application development.

The SUI ecosystem project is rising, and the Layer 1 track is generating new waves. Recently, the focus of the cryptocurrency market has been primarily on two directions: the continued popularity of meme coins and the strong performance of the SUI public chain. The meme coin sector continues to innovate and create wealth effects. At the same time, as an emerging Layer 1 public chain, SUI has also attracted widespread attention. SUI, as a public chain project that emerged at the end of the last bull market, has a token distribution method that differs from meme coins that emphasize fair asset issuance, and is considered a typical institutional investor token. However, SUI has recently shown strong performance, rising from $0.76 at the beginning of September to a peak of $2.16, nearing its historical high of $2.18, with an increase of approximately 185% in a month and a half. The current hype around SUI was initiated by institutional investors, focusing on the narrative of "replacing Solana." The influx of funds not only drove up the price of SUI but also boosted its market presence.