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

GameFi

web3

Using a unique sweat-to-earn mechanic, learn what Sweatcoin is and how you can start earning SWEAT tokens for free.

Whether you're new to cryptocurrency or an experienced crypto investor, it's important to stay on top of trends. One of the most exciting new crypto developments is the creation of Sweatcoin. This cryptocurrency has the potential to revolutionize your health while helping you make money. Interested in learning more about Sweatcoin? Explore with us as we look at what Sweatcoin is — and how you can invest in Sweatcoin crypto once it officially releases.

Sweatcoin is a fitness movement that jumps on the Move-to-Earn trend and lets users convert their steps into cryptocurrency. As people walk, they earn SWEAT tokens that they can exchange for rewards.

Sweatcoin's creators have always been interested in the ways cryptocurrency and physical health could intersect. However, at the time the app was released, they felt that the public wasn't comfortable enough with crypto to use it as an exercise reward. After years of perfecting the app, Sweatcoin has announced they’re finally ready to take the next step. Sweatcoin crypto is built on Ethereum and uses NEAR as its blockchain. Its users can now generate — what else? — SWEAT.

Launching Sweatcoin crypto has been a very exciting experience. Its app has over 63 million users who’ve walked a combined total of more than 20 

 steps. When SWEAT was first announced, users were allowed to exchange their tokens for a corresponding quantity of SWEAT cryptocurrency. The ability to convert their rewards into crypto has been the world's largest crypto giveaway. Just 24 hours after announcing their plan to add crypto to the app, more than 150,000 Sweatcoin users opted in to the program.

Since then, more and more users have decided to make the switch. More than a quarter of a million users are now committed to generating Sweatcoin crypto. Unlike traditional cryptocurrency, users won’t have to use their own money or computers to generate crypto. Instead, all they need to do is walk. This is a promising new advancement that will revolutionize the crypto industry, with SWEAT crypto set to launch sometime this summer.

It's impossible to discuss Sweatcoin without the concept of "move-to-earn" being brought up. Called M2E for short, it’s a recent innovation pioneered by apps such as Sweatcoin. The whole idea is for people to make passive income by performing everyday physical activities.

Sweatcoin and other M2E programs use gamification to help people become healthier. As people exercise, they can look at their phones and see themselves racking up rewards. This gives our brains an extra little boost of motivation that makes it even easier to work out. Most M2E programs focus on basic activities, like taking steps. However, some apps might also encourage people to participate in other activities like running, jogging or even jumping.

To take advantage of all the great Sweatcoin perks, you’ll first need a Sweatcoin account, which you can create through the Sweatcoin app or website. All you need to provide is your email address, phone number and first name. Once you have your account, you'll need to link it to a device that tracks your fitness.

How does Sweatcoin work with a device? Sweatcoin currently works with Android smartphones, iPhones, and Apple Watch 2 and 3. You'll need to have your GPS enabled for the app to work. Though the Sweatcoin app does consider your device's movement sensors when recognizing steps, it needs high-accuracy GPS to confirm your steps. Whether you're going for a jog or just walking around the house, the Sweatcoin app will be able to count each step you take.

Sweatcoin can help you maximize your steps. The app's motion-tracking device works best while the app is running. If you quit the app, Sweatcoin might not be able to log your steps effectively. Also, keep in mind that some Sweatcoin reviews mention the app might not be totally accurate if you use a treadmill or other stationary device. The app does have some very robust anti-cheat measures, so you can't use usual "hacks" — like swinging your phone back and forth to earn more steps.

Starting in just a few months, the Sweatcoin app is adding a whole new reward to its system. Users will be able to convert their Sweatcoins into SWEAT. SWEAT is an official cryptocurrency that has real-world value and will have a variety of interesting applications. You can still use it to pay for typical Sweatcoin rewards, or you can do things like exchange it for another crypto, sell SWEAT for traditional currency, or purchase NFTs with it. Thanks to the crypto conversion feature, the Sweatcoin app will literally let users walk to earn Bitcoin.

What is a Sweatcoin or SWEAT token? To put it simply, this will be the signature crypto of the Sweatcoin app. As Sweatcoin finally transforms into the creators' original idea, it will begin to let users generate cryptocurrency by walking. SWEAT is an asset based on Ethereum blockchain technology, so it’s a little more functional than ordinary crypto.

Like other cryptos, the Sweatcoin price will fluctuate, its value being determined by supply and demand. Furthermore, SWEAT will be harder to mine as time progresses. Just as with Bitcoin, it will take more work to mine each individual SWEAT token over time. Therefore, the steps you take now will earn you more Sweatcoin crypto than the steps you take later. This is an intentional feature that motivates users to exercise now instead of procrastinating.

As of right now, SWEAT tokens do not yet digitally exist. Instead, they will be created in a token generation event (TGE) when the new system is launched. 

Like Sweatcoin, STEPN has started allowing users to earn crypto. They offer two forms of crypto: Green Metaverse Token (GMT) and Green Satoshi Token (GST). Users can only receive GMT if they have a level 30+ shoe. This crypto is available on Coinbase, and it's already generated a lot of interest among crypto investors.

Ultimately, STEPN is a good choice if you need to be highly engaged in the M2E process. It's also ideal for serious runners, who can rack up a lot of points. However, for the typical user, the Sweatcoin crypto app is simpler and easier to use. Reviewers point out that you can just let it run in the background, and you don't have to sprint around to get coins. Just everyday walking will be enough to earn crypto.

It's impossible to thoroughly compare SWEAT and GMT, since the Sweatcoin crypto hasn't been released yet. However, it's worth noting that STEPN’s user base doesn't even come close to the more than 63 million users Sweatcoin has. This means that once SWEAT is released, the platform will instantly have a lot more owners and traders. Such robust action could end up making the SWEAT crypto more valuable than GMT.

 has multiple ways to earn, it can be very lucrative. However, unlike Sweatcoin crypto, you don't necessarily earn your crypto strictly through moving. The marketplace and NFT aspects add an extra layer of strategy to 

. Therefore, this M2E option is usually only good for those who want something more gamelike. Sweatcoin reviews find that Sweatcoin is more user-friendly.

Lympo is a smaller M2E company that combines several different concepts into a single design. Like Sweatcoin, you can earn simply by having your steps tracked. You can also earn rewards by answering surveys and playing sports-based games. The app's sports NFTs ecosystem includes multiple cryptos, including LMT, LYM and SPORT. LMT is a tradable crypto that’s the native currency for Lympo games.

Hypothetically, you can use your general movement to earn LMT that has real-world value. However, the app and its games have a somewhat convoluted structure. Compared to Sweatcoin, the translation between physical activity and crypto is less straightforward. Due to the app’s setup, you have to do quite a few things to actually earn anything of real value. Sweatcoin’s reviews are generally more positive than Lympo’s.

Ultimately, all of Lympo’s tokens are promising, but they have a few key downsides. Despite generating some fairly interesting ideas, the company has struggled to implement them in a user-friendly way. Frequent changes in the way tokens are earned and exchanged have caused some confusion among users, and the app has had some bugs and security breaches. In addition, Lympo crypto prices have been plunging for a while. Therefore, this M2E company may have less potential than Sweatcoin crypto and other competitors. Most of its cryptos haven't picked up much steam in online markets, so SWEAT will most likely outperform it.

Sweatcoin reviews explain that the company will create a large number of tokens and give them automatically to its users. Every user who opts into the new SWEAT plan can receive Sweatcoin crypto based on their current number of Sweat coins. So if you have 2,000 coins, you’ll get 2,000 SWEAT deposited in your Sweat Wallet, and you'll also get to keep your existing coins.

The SWEAT token will add a lot of extra utility to the app, so you can expect Sweatcoin reviews to be even more positive. It can still be used to obtain prizes from Sweatcoin partners, just like the Sweatcoins users previously earned. However, SWEAT tokens will also have their own intrinsic value. Users can hold onto them as a form of investment, or exchange them for other types of cryptocurrencies. SWEAT will be available on a variety of crypto exchanges, so you’ll also be able to convert it to hard cash if desired.

Since SWEAT isn't in circulation yet, we don't have exact data on the Sweatcoin price, supply or market cap. However, there’s enough information on the crypto to start making some estimates for a Sweatcoin crypto review.

First of all, let's look at current Sweatcoin prices. At present, the exchange rate for a Sweatcoin is somewhere between $0.05 and $0.10. However, this price is based on the buying power of a coin in the Sweatcoin marketplace. As the company transitions to cryptocurrency, there may be more volatility in the Sweatcoin price. Other M2E cryptos range from around $0.00295 to $15.00 in value. Industry experts predict that Sweatcoin crypto (SWEAT) will start with a value on the lower end of Sweatcoin and increase quickly toward higher M2E crypto prices as more users opt into the program.

How Many Sweatcoin Crypto Tokens Will Be in Circulation? 

At the token generation event, this will depend on how many users opt into the program. Currently, about 250,000 Sweatcoin app users want to start generating crypto. The average Sweatcoin user has walked about 317,500 steps, which would earn them roughly 300 Sweatcoins. This could result in an initial circulating supply of roughly 75 million SWEAT crypto tokens.

Adding cryptocurrency elements to the Sweatcoin app provides a whole new opportunity for investment. Even people who don't want to learn the answer to the question, "What is Sweatcoin," or walk for steps, can still buy and sell SWEAT crypto on the market. Will this be a good investment? Like any other crypto, it is impossible for a Sweatcoin review to guarantee whether or not the Sweatcoin price will constantly increase. Those who own SWEAT should expect natural variations in price as the market fluctuates.

That being said, Sweatcoin crypto does seem poised to become one of the trendiest new cryptos. For years, there have been people hoping an M2E app would let them earn crypto by walking. As Sweatcoin reviews show, Sweatcoin is the first company to provide a simple, straightforward process — instead of a convoluted, game-like system. This will most likely be quite popular with consumers, and all the talk about the app will provide a boost for prices.

Due to the way SWEAT crypto is designed, investing now is certainly a good move. In the early stages of the crypto, you’ll get more SWEAT tokens for your steps. Over time, SWEAT tokens will be harder to earn, increasing their intrinsic value. Those who get SWEAT crypto early on may experience some exciting returns on their investment.

Now that you know what Sweatcoin is and how it works, it's easy to see its potential as the team rolls out its future plans and we SWEAT become a massive player in the M2E market. We hope that this review will help you decide whether or not you want to try earning Sweatcoin crypto or investing in the market. Ultimately, if you want some incentive to move around more, there's no harm in giving Sweatcoin crypto a try, as it's free to download and easy to pick up on.

What Is Sweatcoin (SWEAT): Turn Steps Into Sweatcoin Crypto With Move-to-Earn

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards