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

Bybit Learn

Blockchain

Don't be caught off guard with inflationary tokenomics and low circulating supplies by learning about the importance of a crypto's fully diluted market cap.

When you're trying to predict a cryptocurrency's future success, knowing about the FDV can be helpful. Though fully diluted market caps aren't a common metric, they provide some useful insight. This guide will help you learn how to calculate and analyze fully diluted market caps so you can pick promising cryptos.

A token’s FDV refers to the token's market cap once all the tokens have been released. This metric lets you compute a project's future market cap.

The fully diluted market cap — also known as fully diluted valuation, or FDV — is a simple concept. It builds on the idea of a market cap, which means the total value of all crypto in a network at any given point. The FDV, however, looks at the future instead of the coins currently available. Compared to the traditional market cap metric, a crypto’s FDV tells you what the coin's market cap would be if all possible coins were issued.

Keep in mind that the fully diluted market cap doesn’t predict later prices. Rather, it sees how much the market cap would be if all tokens were available and worth the current market price. This is helpful because it makes it easy to see if a crypto is overvalued or undervalued. If the market cap changes drastically when supply is increased, it can be a sign that the coin's current value is incorrect.

What Is the Method for Calculating a Fully Diluted Market Cap?

Calculating FDV is elementary. Start by collecting two pieces of data: The maximum amount of tokens a crypto will release, and the current market value for a token. Multiply these two numbers together, and you’ll have the fully diluted market cap.

. Right now, there are roughly 18.9 million bitcoins in existence, but theoretically, up to 

 is $21,088 as of July 2022. Therefore, the fully diluted valuation would be roughly 442.8 billion. Ultimately, this FDV tells you what Bitcoin's market cap would look like if all 21 million Bitcoins were in circulation right now.

Remember that a fully diluted market cap is different from a market cap. The term “market cap” is used a lot, but it's not helpful for considering the future of a coin. It’s calculated by multiplying the current amount of coins by the price per coin, which helps to show the size and popularity of a cryptocurrency.

However, the biggest difference between market cap and fully diluted market cap is that a market cap doesn't indicate how the crypto's growth will affect its popularity. A fully diluted market cap gives you an estimate of how popular a crypto would be once all of its coins are released. Taking the time to calculate a crypto's fully diluted valuation allows you to consider what the coin's value might be like in the future.

Furthermore, using FDV crypto metrics alongside standard market cap gives a lot of insight into a coin's current valuation. Ideally, the difference between the market cap and the fully diluted market cap should be fairly low. A drastic difference indicates there’ll be a lot of inflationary pressure as new coins are released. This can be a warning sign that a coin's current value is overinflated.

The Dangers of High Fully Diluted Market Cap

To better understand why FDV crypto ratings are important, take a close look at the problems associated with an abnormally high, fully diluted market cap. Fully diluted valuations are mainly important when the rate is much higher than the current market cap. There's no set limit for when a fully diluted market cap becomes dangerous. However, the general rule of thumb is that an FDV of more than 10 times a token's current market cap is a warning sign. Excessively high, fully diluted market caps are associated with two problems.

A high ratio of market cap to fully diluted market cap is a problem because it shows the coin will be subject to inflation. Since crypto prices are determined by supply and demand, a coin that’s currently priced high but will soon have more tokens on the market is a risk. A high fully diluted market cap means current sellers have to pay a lot for a limited number of coins, but soon the market will be flooded with a large supply. This increase in supply tends to drive down the value of a coin unless it’s in high demand.. As past projects like TryHards (TRY) have shown, most cryptos with inflationary pricing schemes and tokenomics end up losing value very quickly.

Even if you don’t plan on keeping the crypto for years, a high fully diluted market cap can still cause issues. As the FDV crypto metric becomes more popular, more investors will use it to make their decisions. If a crypto has a high fully diluted valuation, many of these investors might assume it’s overvalued. This often encourages owners to sell their tokens. The high

, caused by a high FDV crypto rating, can affect current prices.

As you can see, the main issue highlighted by a fully diluted market cap is that a high FDV crypto rating often means the crypto has a low circulating supply. Does a low circulating supply with a high potential supply in the future automatically spell doom for a crypto? Not necessarily. Let's take a look at some examples from popular cryptos with high fully diluted valuations.

With a circulating supply of roughly 283 million and a total supply of over 377 million, 

 still has a lot of potential tokens to add to the market. With its June 2022 price of $20.95 per token, this means Avalanche has a

. This is roughly three times Avalanche's current market cap of $5.9 billion. Though the FDV crypto rating is on the high side, it hasn’t reached dangerous levels. Avalanche is an open-source, scalable crypto with many uses, so it's unlikely that extra supply will outpace demand. It's also worth considering that AVAX has had a slight dip in the past few months. As long as the price remains in the current dip, most investors still will consider AVAX to be a reliable investment option.

 is another example of a coin with a low circulating supply. Its 

, but less than half of that is in circulation. This has led to a very high fully diluted valuation. CAKE's market cap is $469 million, while its FDV crypto value is a little over $1 billion — a fairly drastic difference. The coin's sharp downturn makes it even more concerning. It's a fairly new coin that got a little buzz, but hasn't really delivered. With so many coins left to cause further inflation, most experts believe that CAKE no longer holds much promise.

 still has a lot of tokens left. So it's no surprise that its FDV crypto rating is far higher than its market cap. The current market cap as of June 2022 is $571 million, while its fully diluted valuation is a little over $2 billion. If you look at these numbers, Curve DAO seems like a poor choice, but it's worth noting that this token isn't just for trading. It's an Ethereum-based token that the stablecoin trading market, Curve, uses to swap between similar 

. Therefore, the coin has some uses that can make it helpful, despite the high fully diluted valuation. However, it's not a good coin for dumping all your investment money into.

Is Fully Diluted Market Cap a Good Valuation Metric?

The fully diluted market cap is certainly a valuable way of considering a coin's future. Unlike exchange flow metrics, it takes into account future coin supply. This helps you avoid making poor decisions because you didn't realize inflation was about to occur. Comparing the fully diluted valuation and the current market cap make it easy to notice when a coin's current price is a little too high. In most cases, coins with a high FDV aren't coins you want to put all your money into. Instead, you may want to consider selling before inflation reduces the worth of your current coins.

That being said, you can’t just look at the market cap versus the fully diluted market cap and make your decision. A high FDV crypto ranking isn't necessarily a death sentence for a crypto. As long as coin demand remains high, increased supply won't always tank the price. As we saw from our examination of high FDV cryptos, a few rare coins can keep going strong despite a high FDV. Furthermore, most fully diluted valuations aren't an accurate predictor of price. You should never make a decision by assuming the fully diluted valuation will be the true market cap in a few years.

This is why it’s essential to consider a coin's complete tokenomics. You need to take the time to analyze pricing data and learn how a coin really works. For example, looking at the core development team’s activity cases and use cases can help you notice if a coin is going to have helpful future applications that will increase demand. In the long run, FDV is a helpful tool, but it isn't a substitute for thorough research.

Ultimately, the FDV crypto metric is a useful way of seeing whether a coin might be overvalued. A high fully diluted valuation usually indicates that a coin might be harmed by inflation later on. However, it's important to keep in mind that the fully diluted market cap is only one part of the big picture. You also need to consider things like pricing history, industry interest and future project developments.

Fully Diluted Market Cap (FDV): Understanding a Token’s Value

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