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

sui name service (suins).png

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

Intro to Santiment.png

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.

market maker.png

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

4.png

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

Bybit Learn

DeFi

Osmosis is a decentralized exchange (DEX) that uses the Cosmos SDK for optimized functionality with other blockchains. Find out more about how it works here.

, or DeFi, has expanded tremendously over the last few years. It offers exciting opportunities through decentralized lending, borrowing assets, 

 (DEXs) are at the core of these developments and innovations.

Until recently, DEXs have experienced certain limitations to the capabilities of their 

. A next-generation, multi-chain DEX known as 

 is now available. It offers far more functionality than established single-blockchain DEXs.

Osmosis is a multi-chain DEX specifically built to function with other blockchains in the 

 ecosystem. Communication with these other blockchains is achieved via its Inter-Blockchain Communication protocol (

 blockchains, providing smooth, fast trades.

Furthermore, IBC enables customizable automated market makers, or AMMs. Uniquely, Osmosis liquidity providers can set their own parameters based on current market conditions. This customization provides increased responsiveness to changing market conditions for optimized results. In addition, token holders can earn 

 rewards and transaction fees when they delegate tokens to validators.

, or automated market maker, is a system of autonomous liquidity providers that determines digital asset pair pricing using 

. By doing so, AMMs provide liquidity for 

. As opposed to traditional finance systems that can manipulate prices and charge high fees, AMMs offer automated, permissionless trading of digital assets. Osmosis stands out among other smart contract AMMs because it utilizes Cosmos SDK’s open-source ecosystem.

An automated market maker is structured with 

, collections of tokens shared by many users. Using a 

, each liquidity pool stands on its own and has unique rules established by its liquidity providers. Osmosis users can create their own liquidity pools for liquidity providers to contribute to, and users trade against the pools. 

Liquidity providers profit from their contributions by earning liquidity mining rewards and fees. The customization of these pools means that their fee structure is created based on a variety of factors that include market volatility. This is in contrast to other platforms’ liquidity pools, which may only take into account token pair rarity. Across all of the Osmosis liquidity pools, the 

, created the majority of the Osmosis protocol’s initial code. During an October 2021 

, $21 million was raised for the platform’s development. Since the start of 2022, Osmosis’ popularity has skyrocketed, with its TVL increasing drastically and 

Osmosis is a decentralized project, so no single person or entity is responsible for running it. Instead, 

 is through OSMO token holders, referred to as the Osmosis community. This group votes on modifications and upgrades to the Osmosis protocol.

While decentralized exchanges have dramatically expanded the opportunities available with DeFi, popular DEXs like 

 and others have specific shortcomings that Osmosis aims to overcome. The functionality of these single-blockchain exchanges is limited to the tokens native to their networks. The Osmosis DEX, however, is a multi-chain exchange that allows the staking of many tokens on other blockchains. Its AMM is linked to numerous other Tendermint blockchains, so Osmosis can support its users’ cross-chain trades. 

Osmosis also aims to support customization in liquidity pools via the platform’s governance processes. OSMO, the native Osmosis token, is used to pay transaction fees and to support governance.

Since Osmosis was built using Cosmos SDK, it’s 

 with other blockchains in the Cosmos ecosystem. As noted, its unique multi-chain blockchain uses Cosmos’ IBC for communication. Because of this unique design, OSMO token holders can complete swaps and trades with non-native token pairs. By staking tokens and being a liquidity provider, token holders can earn transactions and staking rewards. In addition, holding OSMO tokens comes with governance voting rights and the ability to help steer upgrades and new developments.

The Osmosis DEX’s innovative features give it key advantages over some of the other DEXs that are currently available. Let’s look at some of them.

The customization capabilities of Osmosis’ liquidity pools provides a more flexible fee structure than those of other platforms, who exclusively take token pair rarity into account. Liquidity providers can optimize earnings from fees and staking rewards by compensating for market volatility and other factors.

Osmosis liquidity pools are also self-governing, meaning users can vote on changes to a pool’s protocol. In doing so, they can adjust 

, swap fees, curve algorithms, rewards and incentive models. The platform’s liquidity pool governance feature supports diversity in the pools, so that users’ strategies and risk tolerance can more fully be represented. 

To encourage longer-term commitments to the pools, those who make such commitments gain more liquidity mining rewards and have greater voting power. And those who have a greater financial investment in the platform have more say in the direction their pools take.

Osmosis is the first platform to offer enhanced staking rewards, which it calls 

. When users stake OSMO tokens, they can also contribute to a liquidity pool. This allows them to receive two types of rewards at the same time, including earning a proportional amount of transaction fees from the liquidity pool and earning staking rewards. Other platforms that offer liquidity mining incentives only allow one of these earning options at a time. 

Currently, token distribution is weighted heavily on liquidity mining incentives and staking rewards to promote the growth of the platform.

 (maximal extractable value) resistance is assured through Osmosis’ use of threshold encryption. Thus, pools are private and cannot be manipulated by bots and other malicious forces. Often, bots and other forces use a sandwiching technique to profit while causing other users to suffer a loss. 

Sandwiching involves bots raising the price through large buy orders and quickly selling their holdings. MEV resistance makes it impossible for malicious forces to identify such trading opportunities, which protects users against losses from nefarious actions.

 is a model adopted to create scarcity for the OSMO token and increase its price. Every year, Osmosis will release a set number of tokens. However, the amount of tokens released will decrease by a third with every “thirdening.” 

Osmosis thirdening occurs in June. While it may increase the token’s price, it also results in a decrease in staking and liquidity pool rewards. 

From the ground up, Osmosis has been built to deliver an improved experience to its users. From multi-chain blockchain and interoperability with non-native tokens to advanced reward mechanisms, customization options and more, Osmosis is a next-generation DEX. Let’s look at some of the specific advantages that it provides.

Other platforms enable users to stake their tokens to earn rewards or to contribute to a liquidity pool. Osmosis, however, offers Superfluid Staking to enhance users’ ability to profit from their OSMO token holdings. OSMO token holders can create their own customized liquidity pool, or provide liquidity to an established pool. While they earn transaction fees from the liquidity pool, they can also stake those same OSMO tokens to earn reward incentives. In this way, users of the Osmosis platform can enjoy increased returns.

Through customization, profitability to liquidity providers can be optimized through a more competitive fee structure. These are self-governed pools, so each provider has voting privileges. By voting, users can influence the management of a pool’s strategy, fee structure and exposure to risk. In addition, liquidity pool providers who commit their tokens for a longer period of time have both greater voting power and liquidity mining incentives.

The many single-blockchain platforms in use today only permit native token trades, which places significant restrictions on users’ activities. As a multi-chain DEX, Osmosis works with other blockchains via the IBC protocol, dramatically increasing trading opportunities for Osmosis users.

Maximal extractable value has resulted in significant financial losses for users of other DEXs. Sandwiching and other strategies used by bots and live actors artificially manipulate prices. Osmosis’ threshold encryption makes pools private and prevents others from seeing opportunities to manipulate prices, which directly protects users against MEV losses related to sandwiching and other actions.

Osmosis launched in July 2021 after considerable development by the team at Osmosis Labs. In October of that year, Paradigm led the charge on a token sale, producing $21 million in funds for the platform. Many developments have been made to the platform since the launch. For example, 

Looking forward, Osmosis intends to integrate with Bitcoin, Ethereum and other non-IBC blockchains to expand its functionality. In addition, there are plans for the platform to match external incentives and to offer more incentives for strategic pools.

As the native token of Osmosis, OSMO is used for a variety of critical purposes, including governance, rewarding liquidity providers and paying swap fees. At Osmosis’ launch, 100 million OSMO tokens were made available out of a total supply of 1 billion. The current circulating supply is almost 282.5 million. OSMO is an inflationary token, and the number of tokens made available will decline by Osmosis’ thirdening model. Put differently, the number of new tokens issued will reduce by a third each year.

 of upcoming token releases is strongly weighted toward liquidity reward mining at 45%. Both developer vesting and staking rewards receive individual allocations of 25%. The remaining 5% of the supply is used for the community pool.

When Osmosis launched in October 2021, the OSMO token price was $5.12. Its price peaked in January 2022 at $10.71, at which time the crypto bear market took hold. OSMO hit an all-time high of $11.21 on March 4, 2022, but later significantly declined to $5.81 in April. Additional declines continued to leave their mark in 2022, as OSMO’s price hit an all-time low of $0.6869 on June 18, 2022. However, the price has slowly been trending upward since that time. As of November 14, 2022, OSMO’s price is $1.15.

 looks promising. In 2023, the token’s price may reach $2.12. This is projected to increase to $3.27 in 2025 and $3.88 in 2027. In 2029, the predicted price is between $4.92 and $5.40, while the forecast for 2031 ranges from $7.67 to $8.15.

Osmosis stands alone as a multi-chain blockchain DEX that’s built within the Cosmos ecosystem. More than that, it’s a customizable AMM protocol that gives users control over swap fees, TWAP calculations and curve algorithms. Osmosis’ design and self-governed liquidity pools offer more trading pairs. All of these features distinguish Osmosis in a somewhat crowded environment. With these features and Superfluid Staking, users have considerable leeway to optimize gains while also managing their exposure to risk. Furthermore, these beneficial features have resulted in a considerable increase in the use of the platform since its launch, with activity expected to increase.

In addition to these features, the value of OSMO tokens is expected to progressively trend upward until at least 2031. In fact, the price of OSMO is expected to increase by more than $6 by that time. This presents long-term token holders with another opportunity to realize gains. However, token holders should expect significant price volatility on a short-term basis.

While there are many DEXs in existence today, Osmosis is truly a next-generation DEX, specifically addressing some of the challenges and limitations of other single-chain blockchains with its multi-chain design and exceptional features. With improved opportunities for trading, liquidity pools and more, Osmosis is a DEX that’s already improving the user experience for many crypto enthusiasts.

Osmosis (OSMO): The DEX With Customizable Liquidity Pools

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards