Analysis of SUI Ecosystem Projects and Token Performance

Recently, the focus of the cryptocurrency market has been primarily on two aspects: the continued development of the meme coin sector and the strong performance of the SUI public chain.

New projects continue to emerge in the field of meme coins, such as Neiro and MOODENG, which have gained popularity on different chains, continuously creating profit opportunities for investors.

Meanwhile, SUI, as an emerging Layer 1 public chain, has seen its Token distribution model heavily criticized, but its coin price has performed remarkably in recent weeks. It rose from $0.76 at the beginning of September to a peak of $2.16, an increase of 185%, nearly reaching the all-time high of $2.18.

This wave of SUI market is driven by institutional funds, with a narrative of replacing Solana behind it. The influx of funds not only pushed up the price of SUI coin but also boosted the total locked value ( TVL ), ecosystem projects, and even related meme coins.

Next, let's analyze a few noteworthy projects in the SUI ecosystem:

Cetus

As the largest decentralized exchange in the SUI ecosystem, Cetus employs a concentrated liquidity mechanism similar to Uniswap V3. Its product line includes DEX, liquidity pools, yield vaults, and integrates limit order functionality and cross-chain bridges.

Cetus's Launchpad provides an IDO platform for SUI ecosystem projects, with several past projects being oversubscribed, solidifying its leading position in DEX. Currently, the platform's locked-up amount exceeds $200 million, ranking fourth in the SUI ecosystem, with an 83% increase over the past month.

Cetus Token ( $CETUS ) has increased by 180% over the past 30 days, with the current price around 0.17 USD, close to the historical high of 0.186 USD. The current market capitalization is 54.52 million USD, ranking 638th on CoinGecko.

NAVI

NAVI is the first native one-stop liquidity protocol in the SUI ecosystem, providing lending services similar to Aave. It currently supports various assets, with stablecoin deposit annual yield of about 7%, and SUI at 4%.

As the project with the highest locked value on SUI, NAVI saw a TVL increase of 52% within a month, reaching 500 million dollars. However, its Token ($NAVI) did not perform as impressively as the product; although the increase over 30 days exceeded 150%, it still has more than double the space to reach its historical high.

The current price of $NAVI is approximately 0.15 USD, with a historical high of 0.357 USD and a market cap of 36.62 million USD.

Scallop

Scallop is a lending protocol on SUI, which completed a $3 million strategic financing round in March this year, with investors including CMS Holdings, 6th Man Ventures, among others. It also received investment from Mysten Labs(, the SUI development company), as well as angel investment from well-known NFT investor dingaling.

At the end of April, Scallop announced that it had received a strategic investment from DWF Labs, which will provide liquidity support for centralized exchanges and over-the-counter trading services.

Scallop Token ( $SCA) has been continuously declining after its launch, with a recent rebound, a monthly increase of 52%, but it underperformed compared to SUI and other mainstream ecosystem coins. Currently, the price of $SCA is approximately 0.376 USD, with a historical high of 1.28 USD and a market cap of 20.34 million USD.

SUI Ecosystem Meme Coin

HIPPO

HIPPO is the SUI version of the "Little Hippo" meme coin, inspired by the Thai internet celebrity hippo MOODENG. The similar concept first became popular on the Solana chain, and then the Ethereum version also surged due to Vitalik destroying donated tokens.

The current price of HIPPO is about $0.0148, close to the historical high of $0.01848, with a market cap of $148 million and a 7-day increase of 17%.

AAA

AAA is represented by a black cat image, originating from an emoji on the SUI domain service. As one of the few SUI meme coins not themed around marine life, the community compares it to the well-known project Popcat on Solana.

The current price of AAA is approximately $0.0019, with a historical high of $0.00253, having surged 293% in the last 7 days, and a market cap of $19 million.

BLUB

The image of BLUB is a fish with a Pepe expression, which was once the largest meme coin in the SUI ecosystem until it was surpassed by HIPPO. Interestingly, the issuance date of BLUB, September 1, (, is close to the launch date of the SUI market.

Starting from 3.5 million USD, BLUB reached a market cap of up to 48 million USD, with a maximum increase of 11 times. The current price is approximately 0.0000123 USD, the historical peak is 0.0000161 USD, and there has been a recent correction of 9.8%, with the current market cap at 40 million USD.

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