Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Explainers

Altcoins

 technology, utility tokens have rapidly gained popularity for their ability to provide unique benefits and incentives within digital ecosystems. One such token that has caught the attention of crypto enthusiasts is the OKB token, a global utility token associated with the OKX exchange. Are you curious to learn more about this promising token and wondering, “What is OKB?” Dive in and discover the ins and outs of OKB, its role within the OKX ecosystem, and the potential rewards and risks associated with investing in this digital asset.

OKB is a digital asset issued by the OK Blockchain Foundation and OKEx, a cryptocurrency exchange based in Malta. Designed to foster blockchain development and the digital asset sector, OKB coin aims to create a connection between OKX users, including OKB holders, and professional investors with potential digital asset projects, thereby building an OKX ecosystem that encourages growth in these areas. As a result, the value of OKB stock may be influenced by the success of this ecosystem.

When it comes to the market performance of OKB: (As of 7th Nov 2023)

As an investor, keeping an eye on market trends and the potential growth of OKB could prove to be profitable.

Understanding the projected OKB price for OKB helps gauge its investment potential. For example, the average OKB rate in November 2023 is anticipated to be $50.08, with the highest level estimated to reach $47.66 and the lowest at $43.59. The predicted price range for OKB in 2029 is between $549.77 and $691.18, while the all-time high was recorded on February 18, 2023. These projections can offer insights into the potential profitability of investing in OKB tokens.

OKB holds a significant position within the OKX ecosystem, offering users discounts on trading fees, the ability to exercise their voting rights, and access to exclusive projects on the OKX Jumpstart platform. As a holder of OKB tokens on the OKX exchange, you can benefit from passive income through the OKX Profit feature and even gain access to the OKX Jumpstart platform, which distributes funds.

On the OKX exchange, OKB offers an array of utilities, including derivatives trading, margin trading, lending, interest on savings, exclusive access to token listings, conversion of small amounts of tokens to OKB, and purchase of NFTs.

Curious about how many OKB tokens are in the total supply? As indicated in the whitepaper, it is 300 million.

Holding OKB tokens qualifies you for various incentives, such as service fee discounts, voting rights, and participation in jumpstart token sales on OKX Jumpstart. To buy OKB tokens, simply create a free account on a crypto exchange of your choice, make a deposit or purchase OKB with a credit or debit card, and navigate to the trading page to start trading OKB.

One of the key features of OKB is its deflationary properties. Significant amounts of OKB coins are burned every quarter through Buy-Back & Burn programs, reducing the token supply and potentially increasing its value. In terms of governance capabilities, OKB is the utility token for the OKX exchange, while OKT is the governance token for the OK Blockchain Foundation’s own blockchain.

Another advantage offered by OKB is the access it grants users to special offerings and discounts on the OKX exchange. Holding OKB tokens will enable you to take advantage of these exclusive offers and discounts, further maximizing the potential of your investment in this digital asset. To fully benefit from these features, it’s essential to store OKB tokens securely.

OKB Tokenomics: Supply, Distribution, and Coin Burns

Regular coin burns and buybacks are implemented to uphold OKB’s deflationary nature, potentially increasing its value over time. Each quarter, several million dollars worth of OKB tokens are burned to decrease the token’s circulating supply. These processes play a pivotal role in shaping the future value of OKB tokens and their potential for growth within the OKX ecosystem.

OKB has real-world use cases, as it can be utilized for payments in various applications developed by OKX and its partners, such as:

Moreover, OKB is integrated into BitTorrent’s operations through its connection with the OKX exchange, enabling users to access various features and services, including passive income through staking. The expansion of OKB’s use cases through these partnerships highlights its growing significance within the blockchain and digital asset sectors.

Risks and Potential Rewards of Investing in OKB

Potential risks and rewards accompany investments in OKB, much like any digital asset. The future value of OKB depends on several factors, including market sentiment, adoption, and the overall success of the OKX exchange. These factors should be carefully considered when thinking about investing in OKB, as they can significantly impact its potential for growth and profitability.

According to crypto experts, the estimated trading average for OKB in March 2024 is $46.31, with a predicted high of $217.15 and a low of $195.75 in 2026. These predictions offer insights into the potential profitability of investing in OKB tokens, but it’s crucial to remember that forecasts are not guarantees, and the market can often be unpredictable.

Much like any investment, thorough research is a must, assess your own risk tolerance, and consider diversifying your portfolio to mitigate potential losses. By staying informed and making calculated decisions, you can better navigate the world of crypto trading and make the most of the opportunities presented by digital assets like OKB.

OKB has an active online community on platforms like Telegram, Twitter, and Reddit, where users can discuss trading strategies, predictions, and stay updated on the latest developments in the world of OKB and the OKX exchange. With 113,808 members, the OKB Telegram community is particularly vibrant and consists of multiple language-specific and trading-strategy-specific subgroups.

The official Twitter handle for OKB is @OKB_Network, while the OKB Reddit community engages in conversations surrounding OKB’s features, market performance, and valuation. By participating in these communities, you can stay informed about the latest OKB news, learn from fellow traders, and make more informed decisions when it comes to investing in and trading OKB tokens.

The future of OKB relies heavily on the following developments:

These developments are crucial for the future growth and success of OKB.

Holding OKB tokens enables more effective leveraging of the OKX platform and capitalize on trading and investment opportunities as the ecosystem continues to grow and evolve. To hold OKB tokens means to tap into the future potential of OKB within the OKX ecosystem, which is considerable, offering numerous benefits and opportunities for investors and traders alike, including the various okb token plays.

OKB is a global utility token that plays a pivotal role within the OKX ecosystem, offering users various benefits, such as trading fee discounts, voting rights, and access to exclusive projects. With its deflationary properties, active online community, and real-world use cases, OKB presents a potentially lucrative opportunity for investors in the ever-expanding world of digital assets. As the OKX ecosystem continues to grow and evolve, the future of OKB looks promising, with numerous developments and partnerships on the horizon.

OKEx is a real, global cryptocurrency exchange 

 and currently run by Star Xu. Its native token OKB is widely traded on several major exchanges and is among the top 100 cryptocurrencies.

OKB is currently trading at $45.70, up 1.74% in the past 24 hours with a circulating supply of 229.82M tokens and a maximum supply of 300.00M tokens. The market cap of OKB stands at $11.99B. (As of 7th Nov 2023)

Holding OKB provides users with discounted trading fees, exclusive features, and the opportunity to take part in token sales and crowdfunding projects, making it a great asset within the OKX exchange ecosystem.

OKB is an ERC-20 token running on the Ethereum blockchain. It acts as a utility token offering discounts, access to token offerings, and interest on savings for users of the OKX global cryptocurrency exchange founded in 2017 by Star Xu.

What Is OKB? A Comprehensive Guide to Understanding OKB Token & Its Functionality

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards