The SUI ecosystem projects are thriving, with multiple applications experiencing significant rise.

Recently, market attention has mainly focused on two aspects: first, the ongoing popularity of meme tokens, and second, the strong performance of the SUI public chain. As a Layer 1 project that emerged at the end of this cycle, SUI has been controversial due to its token distribution method, but its price has performed very strongly recently. From $0.76 at the beginning of September, it rose to a maximum of $2.16, approaching its historical high, with an increase of about 185% in a month and a half.

This round of SUI speculation is led by institutions, focusing on the narrative of "replacing Solana." The massive influx of funds has not only pushed up the price of SUI but also led to a general rise in TVL within the ecosystem, project tokens, and even meme coins. Let's take a look at a few projects in the SUI ecosystem that are worth paying attention to.

Cetus: Leading DEX in the SUI Ecosystem

Cetus is the largest decentralized exchange in the SUI ecosystem, utilizing a concentrated liquidity protocol similar to Uniswap V3. Its product line includes DEX, liquidity pools, yield vaults, and also integrates a central limit order book and cross-chain bridge functionality. Cetus also provides an IDO platform for SUI ecosystem projects, with past IDOs being oversubscribed multiple times, solidifying its leading position in the DEX space.

Currently, Cetus has a locked amount of over 200 million USD, ranking fourth in the SUI ecosystem, with an 83% growth over the past month. Its token $Cetus has risen by 180% in the last 30 days, with a current price of approximately 0.17 USD, close to its historical high of 0.186 USD. The current market value is 54.52 million USD.

NAVI: SUI Native Lending Platform

NAVI is the first native one-stop liquidity protocol on SUI, similar to Aave on Ethereum, providing lending services for various assets. Currently, NAVI is the project with the highest locked amount in the SUI ecosystem, reaching $500 million, with a growth of 52% in one month.

However, the price performance of the NAVI token is not as good as its product. Although it has risen over 150% in the past 30 days along with SUI, there is still a significant gap from its historical high. The current price of $NAVI is about $0.15, with a historical peak of $0.357 and a market cap of $36.62 million.

Scallop: A Lending Protocol Favored by Capital

Scallop is another lending protocol on SUI, which completed a $3 million strategic financing in March this year, with investors including several well-known institutions and individuals. At the end of April, it received strategic investment from DWF Labs, which will provide primary liquidity support for Scallop.

The $SCA token experienced a period of decline after its launch, but has recently seen a slight recovery, with a one-month rise of 52%. The current price is approximately $0.376, still significantly below its all-time high of $1.28, with a market capitalization of $20.34 million.

SUI Ecological Meme Coin

HIPPO

HIPPO is the SUI version of the "Hippopotamus" meme coin, originating from the Thai internet celebrity hippopotamus "Bouncing Pig". The current price is approximately $0.0148, close to its historical high of $0.01848, with a market cap of $148 million and a 17% rise over the past seven days.

AAA

AAA is represented by a black cat image, originating from an emoji on the SUI domain service. The rise over the past seven days has reached 293%, with the current price around $0.0019, close to the historical high of $0.00253, and a market cap of $19 million.

BLUB

BLUB was once the largest meme coin in the SUI ecosystem, depicted as a fish with a Pepe face. Since its launch on September 1, it reached a peak market cap of 48 million USD, achieving an 11-fold rise. The current price is approximately 0.0000123 USD, with a market cap of 40 million USD, experiencing a slight decline of 9.8% over the past week.