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

Altcoins

Internet Computer Coin has burst onto the crypto scene recently. In this article, we look at what's behind this emerging altcoin.

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The world of cryptocurrencies has shone a spotlight on the concept of decentralization more than ever before. Cryptocurrencies have introduced real-world concepts into a virtually encrypted world. The creation of 

 marked the infancy of a digital currency resembling gold. 

While Bitcoin served merely for transaction purposes, 

 later made daily life services possible in a decentralized manner. More importantly, the world of finance began to evolve into something much more efficient with the introduction of decentralized finance (

But these major innovations are only the beginning. A new invention that can change not only the concept of cryptocurrencies but also everything we have on the internet has been launched. That is the Internet Computer Protocol (ICP). 

The ICP is not merely a network. It can also be a profitable investment for cryptocurrency traders. To understand the potential of this relatively new project and how lucrative it can be for investors, we’ll learn about some of the main components that make ICP so unique, as well as what its future may entail. Let’s begin with some basic information about the Internet Computer.

The Internet Computer is a blockchain-based network that can run at web speed with the potential to “reinvent” the internet. The native token of this network is the ICP token. This coin serves as a utility token, and has several roles in the network. 

In terms of functionality, the Internet Computer is one of the most complex networks in the 

 market. Creators of the ICP plan to replace the current internet infrastructure, which is primarily private. The main purpose of ICP is to replace the centralized internet that people use today. 

 Chain Key Technology. This technology consists of other systems, namely those of Threshold Relay consensus, Network Nervous System (NNS), Internet Identity (IID), and a few more that we will cover shortly. 

The Internet Computer Network consists of 48 data centers around the world. Within these centers, thousands of nodes run, securing the network. These nodes form subnets when they are grouped. Subnets are considered blockchains in themselves, and have a 

The more tokens that are staked, the more you can be rewarded. The subset of nodes that are selected to validate transactions and be rewarded with tokens are chosen depending on the staked tokens. This technology is the first of its kind, and 

Similar to Ethereum, the Internet Computer Network supports the launch of decentralized applications (DApps) in its network. However, 

 are too simple to work on the ICP network, so the “upgraded” version of smart contracts in the ICP network is known as 

Canisters are able to replicate and update themselves in other subnets without the help of the host. These canisters run in the most powerful data centers of the ICP network. This is the reason why ICP can run at web speed, making it so efficient.

Additionally, unlike smart contracts, users do not need to pay gas fees for working with canisters, unless transactions are involved. The programming language of canisters 

Another feature of the ICP network is the Internet Identity (IID). Anyone who wants to purchase ICP tokens or use them for the services in the ICP network needs to create an 

When creating an IID, you also create a wallet for your ICP tokens. The device you use for creating the IID is going to be the same device you use for confirming transactions. Moreover, you can use that device to sync other devices within the same IID. 

Chain Key Technology, mentioned above, allows the subnets in the ICP network to communicate with one another. This is achieved through the Network Nervous System (NNS) of the ICP. So what exactly is this NNS?

The NNS runs in a hierarchy system. The first level is the data center level, where the NNS decides which nodes can join the network and which ones cannot. The second level is the node level, where the NNS is responsible for identifying underperforming nodes and removing them from the network.

The third level is the subnet level, where the NNS is responsible for deciding which nodes form a subnet, as well as generating subnet keys (public and private). The next level is the canister level, where the NNS decides whether canisters need to be updated or not. 

The NNS itself runs through canisters. The canister types in the NNS are ledger canisters, registry canisters and governance canisters. Ledger canisters contain all the information about the IIDs in the network. Registry canisters are involved in the organization of the network. Governance canisters are involved in the voting systems of the network.

The ICP token is the native utility token of the Internet Computer. The total supply of Internet Computer is around 470 million ICP. Currently, there are around 124 million ICP tokens circulating. The rest of the ICP tokens are planned to be vested in the upcoming years. 

There are three use cases of the ICP token in the ICP network:

To become a node in this ICP network, you should apply for a Data Center ID (DCID) in the Network Nervous System (NNS). You should get a hold of the machines required, install the required protocols, and link your node with the network.

The Internet Computer was created and launched in 2016 by DFINITY Foundation, which is a non-profit organization. DFINITY is based in Switzerland, and is composed of some of the best crypto experts, computer scientists and programmers in the world. Some of them have previously been involved in various projects for companies such as Google, YouTube and AsicBoost.

The expertise at DFINITY has established enough credibility for people to realize that what they are working on is a very serious project. The founder of DFINITY is Dominic Williams, an entrepreneur and an early engager in cryptocurrency communities for the likes of Bitcoin and Ethereum.

Prior to starting DFINITY, Williams was president of String Labs and was also part of many crypto-based startup projects, helping him acquire the experience needed to devise Internet Computer.

To develop the project, DFINITY held Initial Coin Offerings (ICO) which raised a sufficient amount of money. In their first public ICO in 2017, 25% of ICP tokens were sold for around $4.1 million. Most of the investors in this public ICO are believed to be people from the Ethereum network.

The first private ICO was in 2018, when 7% of the ICP supply was sold at a total of around $20 million. The second private funding of the Internet Computer Protocol took place later that year, in which 5% of the ICP supply was sold for a total price of around $105 million.

The rest of the ICP tokens were allocated to the DFINITY team. The tokens allocated on the public seed sale are planned to be vested monthly in the next four years. Overall, the funding of ICP turned out to be a huge success, as more than $120 million was raised.

The first real development of ICP was marked with their Copper release, when the software developer kit (SDK) and the programming language Motoko were launched. This was done in the fourth quarter of 2019. In the first quarter of 2020, Bronze marked the second phase of development.

This introduced the first decentralized application on the network, titled LinkedUp. LinkedUp was a networking app, resembling the LinkedIn app. The project was hosted by the World Economic Forum (WEF). Next, DFINITY’s Tungsten phase allowed third parties to develop more apps in the ICP network.

One of them was CanCan, a decentralized version of TikTok. After Tungsten came the Sodium milestone, which introduced the way that ICP is governed as well as other features. Last but not least, the Mercury milestone was marked when the network went public and the ICP token was released in the market.

ICP’s all-time high came on the very first day of its release, at a price of $640 on May 10, 2021 per CoinMarketCap. This was unusual, considering it was the first day of its launch. Investors started selling and the price dropped close to $250 on the same day.

Unsurprisingly, others bought the dip and increased the price again at around $550 by the next day. However, the price of ICP has been decreasing ever since. As of May 26, the price of ICP is around $130.

The price of Internet Computer (ICP) since its release in May 2021. Source: 

 is around 124 million ICP and its price is around $130, the 

 of Internet Computer is around $16.5 billion. This makes Internet Computer a large-cap cryptocurrency and places it among the top 10 biggest cryptocurrencies in the market, based on market cap. The fully diluted market cap of ICP is around $62.3 billion.

Currently, there are several projects built on Internet Computer that have increasingly begun receiving attention.

 field, apps like Enso Finance, Tacen, and Sailfish have raised millions of dollars and are looking very promising for providing efficient financial services.

In the social fields, CanCan (the decentralized version of TikTok) was one of the first DApps to demonstrate that even social media can become a part of the Internet Computer. Other apps such as Distrikt (the rebranded version of LinkedUp), OpenChat and Capsule have also raised millions of dollars, introducing social media in open versions.

Lastly, in the infrastructure field, projects 

 Origin are starting to become fundamental in showcasing Internet Computer’s capabilities.

At the moment, there are around 200 members of the DFINITY team. They plan to double that number in the next five years, as well as increase their community.

According to the road map of ICP in the recent 

 article, the Internet Computer plans to become a solid alternative to today’s internet within the next decade. The article claims that, in the next 20 years, the Internet Computer plans to obviate the companies controlling today’s internet, such as Google, Facebook, Amazon and Microsoft.

Interestingly enough, as promising as this big project looks, it has received a lot of internet backlash. The reason: the team behind the Internet Computer has full leverage over what happens in the network, rendering it somewhat centralized.

Moreover, linking everything to an internet identity could end up removing the sense of autonomy that the internet and cryptocurrencies offer. So at this time it is uncertain whether people may keep supporting such a project, especially since it is connected 

 WEF and plans to be the only authority behind the future of the internet. Nevertheless, in the long run the ICP token is quite a promising investment.

The Internet Computer could prove to be one of the biggest technological innovations in the cryptocurrency era. It has captivated many people in crypto communities and is becoming a serious factor in the future of tech giants such as Google and Amazon. It has taken blockchain technology by storm. The future for ICP looks bright.

A Beginner’s Guide: What Is Internet Computer Coin?

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