Sui Network: The Next Solana?
With the hype surrounding Sui network reaching new heights, many crypto traders are wondering if this could be the next Solana. Sui has been making waves in the crypto community due to its impressive performance, and many are looking for ways to get involved.
If you’re interested in diving into Sui, there are plenty of opportunities available through meme coin trading or engaging with DeFi protocols. Here’s a guide on how to get started with Sui and maximize its opportunities through top DeFi protocols.
First Step – Install Sui Wallet
The first step is to install and create a Sui wallet. The two best options for the Sui network are the Sui Wallet and the Suiet Wallet. Both wallets are available on mobile apps and Chrome extensions. Download any of these wallets, create a wallet, and make sure to keep your seed phrase safe.
Second Step – Fund the Wallet
The next step is to fund your wallet with cryptocurrency. You must have some SUI token in your wallet for gas fees. You can purchase SUI from any exchange you prefer.
Once you have made the purchase, simply copy your Sui address from the wallet you created and withdraw the funds. If you have USDC on Ethereum mainnet and want to transfer it to Sui, you can use the native bridge for that.
Now that your wallet is funded, it’s time to explore DeFi protocols on the Sui network!
Top DeFi Protocols on Sui Network:
1. Kriya Finance – A DeFi protocol offering fast trades, efficient liquidity management through integration with DeepBook, staking, lending, borrowing at low fees with up to 20x leverage on cross-margin trading.
2. Cetus Protocol – A decentralized exchange (DEX) facilitating trading and liquidity provision using an order book model allowing users enhanced price control.
3. Aftermath Finance – An on-chain centralized exchange (CEX) blending CEX convenience with DEX transparency allowing users to stake assets for yield farming and liquidity rewards maximizing their returns.
4. Bluefin – A leading derivatives exchange allowing users trade derivatives such as crypto perpetual swaps similar to futures trading on centralized exchanges achieving more than $25 billion in trading volume generating monthly revenues exceeding $1 million.
5. Hop Aggregator – A DEX that lets you swap and bridge your coins easily with Simpleswap quickly finding the best trade routes for any amount giving direct access to best prices across multiple DEXs markets launch of hop fun aims greater liquidity efficiency similar popular pump fun Solana friendly UI smooth easier navigate ecosystem newbies experts alike.
