Overview of Popular Projects in the SUI Ecosystem: DeFi and Memecoins Running Side by Side

Recently, the focus of the cryptocurrency market has been mainly concentrated in two areas: the meme coin sector and the SUI public chain. In terms of meme coins, projects like lowercase Neiro and MOODENG have continuously created wealth effects across different chains. As an emerging Layer 1 public chain, SUI has attracted attention due to its strong market performance, with an increase of up to 185% in just one and a half months, nearing an all-time high.

This article will outline key projects worth paying attention to in the SUI ecosystem, covering two main categories: Decentralized Finance and meme coins.

Decentralized Finance项目

Cetus

Cetus is the largest decentralized exchange in the SUI ecosystem, adopting a concentrated liquidity model. Its product line is extensive, including DEX, liquidity pools, money market pools, yield vaults, and Launchpad, among others. Cetus also integrates the central limit order book DeepBook and the cross-chain bridge Wormhole, further expanding its functionality.

As an important infrastructure of the SUI ecosystem, Cetus's Launchpad provides an ideal launch platform for new projects. Currently, Cetus's locked value exceeds $200 million, ranking fourth in the SUI ecosystem. Its native token $Cetus has increased by 180% in the past 30 days, approaching its all-time high.

NAVI

NAVI is the first native one-stop liquidity protocol on SUI, providing lending services similar to Aave. It currently supports various assets, including SUI, vSUI, NAVX, USDT, USDC, and more. NAVI ranks first in the SUI ecosystem for locked value, reaching $500 million, with a growth of 52% within a month.

Although NAVI's products have performed well, the price of its token $NAVI has lagged behind. While it has increased by over 150% in the past 30 days, there is still a significant gap to its historical peak.

Scallop

Scallop is another lending protocol in the SUI ecosystem worth paying attention to. In March of this year, Scallop completed a strategic financing round of $3 million, with investors including well-known institutions such as CMS Holdings and 6th Man Ventures. Subsequently, it received a strategic investment from DWF Labs, further enhancing its liquidity support in centralized exchanges.

The token $SCA of Scallop experienced a period of decline after its launch, but has recently rebounded, increasing by 52% in the last 30 days.

Meme Coin Project

HIPPO

HIPPO is a meme coin on the SUI chain, inspired by the Thai internet celebrity hippo "Bouncing Pig" MOODENG. This concept first became popular on the Solana chain, then expanded to Ethereum, and has also gained popularity on SUI. Currently, HIPPO's market capitalization has reached $148 million, with a 17% increase over the past seven days.

AAA

AAA is a meme coin with a black cat as its image, originating from an emoji pack on the SUI Name Service. Unlike most SUI meme coins that are themed around marine animals, AAA has chosen a land animal as its symbol. Its community compares the project to the famous Popcat on Solana. AAA has shown strong performance recently, with an increase of up to 293% in seven days.

BLUB

BLUB was once the number one meme coin in the SUI ecosystem, and its image is a fish with a Pepe face. Interestingly, the issuance time of BLUB almost coincided with the starting point of the SUI price increase, leading to significant growth. Despite a slight pullback in the last seven days, BLUB still maintains a market cap of 40 million dollars.

Overall, the SUI ecosystem is rapidly developing, with both mature Decentralized Finance projects and interesting meme coins. As the SUI public chain continues to gain traction, these ecosystem projects are also expected to receive more attention and development opportunities.