Deepbook goes online, surging 7 times, SuiNS TGE is imminent, and Walrus is also launching its own currency?
Written by: Alex Liu, Foresight News
The Sui public chain is developed by Mysten Labs. The team members of Mysten Labs are mostly former employees of Facebook (Meta), Apple, and Microsoft. The founders include:
CEO: Evan Cheng
CTO: Sam Blackshear, creator of the Move language
CPO: Adeniyi Abiodun, the most active co-founder of Sui on social platforms
Chief Cryptographer: Kostas Chalkias
Chief Scientist: George Danezis
Mysten Labs aims to build the “Internet of Tomorrow”, with the Sui public chain as its core product. In addition to the public chain, they have also built other protocols, such as the decentralized order book protocol Deepbook, which has surged 7 times within a week of going online, and other tools for institutions and users.
With such a strong wealth effect, let’s take a look at the products. First, of course, is the Sui public chain, which we won’t go into detail here. Next, let’s talk about Deepbook.
Deepbook
Deepbook is a centralized order book protocol aimed at improving the efficiency of DeFi transactions and becoming the liquidity layer of Sui. Its unique features include:
High throughput: Based on the Sui network, Deepbook can process thousands of transactions per second, enabling fast transactions.
Order matching: Supports advanced matching algorithms to achieve optimal transaction execution, reduce slippage, and improve liquidity.
Transparency and security: Ensures that all transactions are on-chain, promoting trust and accountability within the ecosystem.
Composable DeFi: Integrates with other DeFi protocols to promote innovation and expand user choices. Deepbook is integrated with popular aggregators in the Sui ecosystem such as Hop, Aftermath, Cetus, and 7K.
Deepbook has just launched its v3 version with the token listing. The adoption rate of the protocol is still in its early stages, and the trading volume is significantly lower than mainstream DEXs on Sui such as Cetus. However, its token DEEP reached a market capitalization of over 900 million USD, surpassing the combined market capitalization of the aforementioned DEXs and on par with Scroll, which is currently in the limelight. The boost from the Mysten Labs team should not be underestimated.
Enoki
Enoki is an enterprise-oriented platform aimed at enhancing customer engagement through Web3 technology. Its features include:
Personalized interaction: Uses blockchain to provide customized experiences for customers.
Seamless integration: Easily integrates with existing systems, allowing enterprises to enhance customer experiences without major changes.
Data ownership: Empowers customers to control their own data, fostering trust and loyalty.
Innovative features: Utilizes decentralized tools for loyalty programs, rewards, and community building activities.
For more details, we recommend reading: Enoki: Sui strengthens enterprise adoption, breaking through the “Massive Adoption” bottleneck? Mysten Labs, the development company of Sui, launches Enoki – a SaaS platform that seamlessly integrates blockchain for enterprises.
Kiosk
Kiosk is a decentralized system for commercial applications on Sui. Its features include:
Shared ownership: Kiosk objects are owned by multiple parties, allowing them to store assets and list them for sale. Ownership remains with the seller until the purchase is made.
Customizable transaction functions: Supports various transaction options, including auctions, enabling creators to flexibly design their sales processes.
Customizable policies: Creators can set rules for each transaction, such as royalties or specific actions required during the transaction period.
Kiosk is natively integrated into the Sui framework, and developers who want to enhance their business applications can use it.
SuiPlay
SuiPlay0X1 is the first Web3 integrated gaming handheld console, heavily promoted by the Sui founding team and is currently in the pre-sale stage, with expected delivery in the first half of next year.
In addition, FUD, the OG meme coin on Sui, has announced that it will airdrop the first batch of SuiPlay0X1 devices next year, and the official page also shows “exclusive rewards.”
What are the other features and specifications of the device? Is it worth buying? We recommend reading: Priced at 599u, is the SuiPlay gaming handheld console worth buying?
SuiNS
SuiNS is the digital identity protocol on Sui. You can link your avatar to a domain name and create an IPFS website. At the same time, SuiNS uses the “@” symbol to replace the traditional Web3 domain name representation of “.sui”. For example, “@google” is used instead of “google.sui”. This simplifies user cognition and promotes the adoption of subdomains. For example, Google can distribute user1@google, user2@google subdomains after purchasing @google.
SuiNS has airdropped NFT tokens to domain name holders that can be exchanged for tokens during the TGE. If you are eligible, you will see the prompt in the Sui Wallet. Following the high valuation of Deepbook, the price of the NS token also has great potential.
If you followed the information provided by the author in April, you could receive tens of thousands of tokens at the highest. (Article review: As the conference approaches and rumors abound, Sui’s ecosystem welcomes a new round of airdrops?)
Walrus
Arweave, a decentralized storage network, launched the computational layer AO, which successfully brought back the flow of AR coin price, ecosystem, and popularity, turning the tide.
As a general-purpose computing chain, what kind of waves will Sui create by launching the decentralized storage network Walrus?
For detailed information, we recommend reading: Understanding Walrus, Sui’s decentralized storage solution (Produced by the Sui development team, independent PoS chain, new governance token WAL, potential airdrop opportunities).
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