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

Explainers

NFT is the governance token of APENFT, an NFT platform centered around empowering artists and art collectors.

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 (NFTs) have led to a digital art revolution, as copyright for digital art can now be stored immutably on blockchains. However, the challenge of determining the ownership and authenticity of an art piece doesn’t just reside in the digital art realm — it extends way back in time to the birth of traditional art.

For instance, many art collectors love displaying visually arresting art pieces in their homes, but how many truly know if their art collections are genuine? As counterfeiting techniques become increasingly sophisticated, even experts are finding it difficult to determine whether an art piece is the original or a perfectly copied fraud.

With NFTs, you can easily tell whether the piece of art you bought is authentic, even if you're not an expert, as all the details concerning the art piece can now be stored on a 

. APENFT aims to seamlessly blend traditional and digital art with blockchain technology by registering fine art as NFTs.

Beyond using blockchain to promote traditional art, APENFT also functions as an 

 portal to bring together more artists and art collectors. Read more about APENFT to learn how it can potentially lead to a change in the trajectory of the entire art world.

APENFT is an NFT platform centered around empowering artists and art collectors. 

Its core businesses include investing in world-class artworks to connect top-tier artists with the NFT world, incubating leading NFT artists to support crypto-native art, sponsoring galleries, organizing art exhibitions and establishing art collections. APENFT’s artworks are stored on-chain as ERC-721/TRC-721 tokens.

APENFT was registered in March 2021 in Singapore, and has since partnered with renowned auction houses like Sotheby's and Christie’s. Its collections encompass renowned artworks like

APENFT also works with Asia's leading art handler and fine art storage provider, Helutrans Group, to provide excellent fine art storage facilities, with over 300,000 square feet of climate-controlled space equipped with fire/smoke detection and 24-hour surveillance for maximum security and protection.

The APENFT Marketplace is a multichain NFT and GameFi trading platform where you can view the real-time ranking of all kinds of NFTs categorized according to volume. To trade NFTs in this NFT market, you set up your TronLink Wallet and connect it. Besides offering you a platform to explore top NFT collections, it also features a Launchpad, a GameFi platform, and a separate, independent 

 blockchain for its high scalability and throughput, APENFT now also runs on 

 blockchains by leveraging the BitTorrent Chain for cross-chain connectivity. The APENFT Marketplace also utilizes 

 (BitTorrent File System) for decentralized storage to ensure that NFT artworks are securely stored at lower cost, and can easily be accessed by users at any time, without depending upon centralized third parties.

You can be a part of the APENFT VIP Club by holding the Genesis NFT, a limited edition NFT with a maximum of 10,000 pieces, categorized into four levels from lowest to highest as regular, rare, epic and legendary. The higher the level, the more benefits you receive. You'll need to hold between $10,000 to $100,000 worth of either of the following assets in TronLink to earn the Genesis NFT: NFT/TRX/BTT/JST/SUN/WIN/WINNFTHORSE/BAYCTRON. 

If you don't hold sufficient assets in your TronLink Wallet, you can still claim the Genesis NFT if you're a VIP Poloniex trader, a crypto KOL, an NFT artist, a blockchain developer or a pre-registered user in the referral program, or if you’ve lost NFT or TRX before.

APENFT Launchpad holds NFT mystery box events to offer investors the chance to invest in budding NFT projects with potential. New NFT projects can also apply to be incubated on the Launchpad. Ten Launchpad projects have been kicked off so far, with half of them sold out.

APENFT GameFi offers TRON-based games, as well as Launchpad support for developers to launch new gaming DApps. The two trending games featured are 

is a teamfight tactic game in which players have to pair strategic formations with hero attributes to win. The game can be played for free. You can own all of the equipment and even the heroes as NFT assets, which can be freely traded on the APENFT Marketplace. 

y is an adventure fantasy MMORPG game where you can explore open worlds, develop cuisines, merge equipment and even personalize your hero’s design and skills.

The Tronscription Market was released on Mar 10, 2024. Its users can engage in nfts inscription minting. 

 protocol, and the introduction of the BRC-20 token standard enables the attachment of inscription data to fungible cryptocurrencies. The Tronscription protocol produces 

, the first TRC-20 token which is redeemable.

Participants in the first phase of nfts inscription minting can receive benefits such as exchanging nfts for NFT tokens, access to the whitelist of subsequent events and 

 was also held from Mar 9–13, 2024, in which the top three referrals received 1 nfts minting subsidy worth 80 million NFT tokens.

. It’s based on the TRC-20 standard, which is compatible with 

 token, with a maximum supply capped at 999.99 trillion. Of these, 30% are allocated to artist partners, 19% to DeFi airdrop and mining, 19% to the NFT team, 2% to initial exchange listing, 20% to NFT works purchase and 10% to partnerships.

Token holders can decide on the management, on-chain distribution and exhibition of APENFT artworks, and vote on the future direction of art collections. NFT tokens are also rewarded to holders of BTC, ETH, TRX and other tokens who participate in APENFT. NFT was originally given out as monthly 

 to TRX, BTT, JST and WIN holders on the TRON network, but the program was 

 in a bid to enhance APENFT governance and boost the growth of TRON and the blockchain industry as whole.

APENFT (NFT) was priced at $0.00000065 on Mar 14, 2024, which was 91.4% lower than its all-time high of $0.0000075 on Sep 7, 2021, and 117.4% higher than its all-time low of $0.00000029 on Jun 10, 2023.

Price prediction experts are relatively optimistic on the future outlook of APENFT, expecting increases of over 100% in just a year, and a potential rise of between 300% to 600% in less than 10 years. CoinCodex expects the price of APENFT 

 $0.000003 in 2025 and to hit $0.0000027 by 2030. Meanwhile, DigitalCoinPrice 

 $0.00000167 in 2025, which would climb to $0.00000482 by 2030.

If you're an art enthusiast, APENFT's vision of marrying the traditional with the new to revolutionize the art world will probably appeal to you. APENFT not only offers NFT trading of digital art and gaming collectibles typical of other NFT platforms like 

, but also allows you to own an actual fine art painting by renowned artists like Andy Warhol and Pablo Picasso. Furthermore, by applying blockchain technology to these art pieces, you can be assured that they’re genuine, and that your ownership can be easily proven. 

In addition, APENFT aims to protect not only consumers but also creators through its Launchpad’s support of art creation.

Since NFTs can be used for any physical item, their use will become increasingly accepted, given the vast benefits they bring from authentication to ownership. As the concept of NFTs becomes further entrenched, APENFT will undeniably lead the NFT world as a fine art NFT trading platform.

APENFT's robust partnerships with Sotheby's and Christie's also underscore the immense trust these industry leaders place in it, demonstrating APENFT’s potential to expand its presence in the traditional art world.

While we do believe in APENFT’s growth potential, our views shouldn’t be construed as investment advice. Always remember to 

 before investing in any cryptocurrency, as crypto prices tend to be volatile.

You can buy the APENFT token on Bybit as both a Spot pair (

 to create an account and funding it with USDT. Buying APENFT as a Spot pair is straightforward. Just proceed to the 

 terminal, search for NFT/USDT and click on 

To buy NFT tokens as USDT Perpetuals, you’ll need to head to the 

 from the drop-down menu to open a 10000NFTUSDT position. Clickon

denominates the order in NFT tokens, while

denominates it in USDT). In addition, you can increase or decrease the margin mode of the position, depending upon your risk appetite.

APENFT continues to connect with top artists and industry elites worldwide in order to support art creation and revolutionize the development of the art industry. Should it succeed in attracting more world-class artists to its platform, it could become a premier hub for artistic innovation and collaboration, shaping the future of the art realm.

APENFT (NFT): The Future of Art Collection and Trading

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards