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

web3

Explainers

Altcoins

Dmail Network is a decentralized blockchain platform that enables secure email-based communication between different web3 identities.

While the transaction capabilities of blockchain wallets and protocols have become increasingly sophisticated, the efficiency of messaging and communication between users in the 

 universe remains notably underdeveloped. Your 

 might now have advanced options for asset transfers or even active trading, but it wouldn’t be the best tool to use to communicate with your fellow 

 aficionados. The common tools of communication and messaging between even the most hardcore crypto zealots — email, messaging apps and popular social media networks — are still found on Web 2.0.

Dmail Network (DMAIL) is a new decentralized platform that aims to change the status quo. It’s a multi-chain app designed to provide secure and efficient communication channels within the web3 space. Getting notifications from the myriad 

 (DApps) that pique your interest or hold your crypto funds is about to get a lot easier and more secure, all thanks to this ambitious web3 communication project.

 (DMAIL) is a SocialFi blockchain protocol that enables secure communication between different web3 entities, such as decentralized identifiers 

DIDs), NFT domain accounts and crypto wallet addresses.

 Dmail gives any web3 participant the ability to exchange messages, send and receive notifications, and ensure the anonymity and security of communications on blockchain-based platforms.

An essential feature of Dmail for many crypto users is the ability to receive notifications from DApps that they subscribe to. Dmail has implemented integrations with numerous blockchains, including heavyweights like Ethereum (

Dmail allows users to create email accounts based on their blockchain 

. These web3 email addresses are compatible with Web 2.0 email services, and feature cryptographic protection that the typical Web 2.0 email account lacks. Users are also incentivized to engage with the platform with Dmail's MAIL2EARN function, whereby they can earn points through activities like inviting friends and sending emails.

Any distinct web3 network account type — a wallet address, NFT Domain address or DID entity — can use Dmail to communicate via the platform-provided emails. Users can also send and receive notifications. For instance, a DApp can send transaction notifications to your email, helping you stay informed about anything that happens with your deposited funds.

The platform has also integrated a ChatGPT 4.0–powered AI assistant to help you craft emails and streamline communication with others. To access this premium feature, you must accrue a specific amount of points by actively engaging with the platform.

Another premium feature you can access via point accumulation is NFT Domain, a unique DID that encompasses digital assets and can be traded on-chain. The fewer digits the NFT domain contains, the scarcer it is. You can get an 8- to 11-digit NFT domain with just 500 points, but you would need 10,000 points to attain a 4-digit NFT domain. As you accumulate more points, you can also upgrade your NFT domain to higher tiers for enhanced privileges, such as more encrypted storage space and longer daily email-sending limits.

Dmail isn’t just a messaging and email app. Its platform also includes products for 

 influencers to curate and manage their follower bases, and for marketers to advertise and promote their brands or products.

Dmail DApp, the platform's main application for email and communication services, helps you earn points to gain access to superior services. Upon logging into the app for the first time, you receive a web3 email address that’s set up for you. The app can be used to easily manage your email account, purchase and link an NFT domain to it and view your DIDs as represented on various blockchain networks.

Dmail DApp is the primary interface for your web3 email account, as you send and receive messages across a variety of web3 and Web 2.0 mailbox systems. A key feature is the MailtoEarn function, which helps you earn points to access additional privileges.

Another key feature of the app is the cross-chain communication protocol that lets you interact with individuals, DApps and DIDs across different blockchain platforms. The protocol utilizes 

 (ZK) proof technology and decentralized data storage to ensure the security and privacy of cross-chain messaging.

Dmail’s Subscription Hub assists individuals and businesses in curating and managing their follower communities. The product is aimed primarily at influencers and developers seeking to grow their DApp projects' follower bases. Subscription Hub helps businesses and influencers use tailored notifications, manage follower subscriptions and analyze their target audiences.

Followers can subscribe to the service via numerous DApps within reach of the Dmail platform. They can then receive notifications from the DApps and influencers they’re interested in via diverse channels, such as wallet addresses, emails, browser pop-ups, Telegram and Discord.

The Dmail platform’s Marketing Hub is a service that’s (somewhat unsurprisingly) aimed at marketers. It features a READ2EARN function to entice individuals to earn rewards from watching ads. For marketers, the hub serves as a great way to find, research and segment potential target audiences for their products or brands.

The Dmail team has designed AI algorithms to help marketers identify groups of users best aligned with their product offerings. These users can then be targeted via email campaigns to promote products or services they’re likely to be interested in.

DMAIL is the Dmail Network’s native crypto token. Launched in late January 2024, it’s been issued as an ERC-20 asset on Ethereum and a BEP-20 token on BNB Chain. Its current price is $0.5485, which is 36.5% lower than its all-time high of $0.85 on Jan 30, 2024, and 34.8% higher than its all-time low of $0.40 on Feb 6, 2024. The main functions of the token include:

.DMAIL holders can participate in voting on the network’s direction and changes to policy.

. The token is used to pay for services offered through the DApp, Subscription Hub, Marketing Hub and other products offered by the platform.

. Users who engage with Dmail Network's MAIL2EARN and READ2EARN functions are rewarded with DMAIL tokens.

. All transaction fees on the platform are paid in DMAIL.

. Users who run relay nodes, which are used to secure the Dmail Network, can stake DMAIL for additional rewards.

 cryptocurrency. Its maximum and total supply is 200 million tokens, of which about 10 million (5%) are in circulation. The very modest circulating supply percentage is primarily due to the token being in its early days on the market. Much of the earlier supply is being released via two 

 — Season 1 and Season 2. Users eligible for the airdrops include NFT domain holders, active traders on the platform and certain other community groups.

You might consider investing in the DMAIL token based on the following factors:

1. Dmail Network is the first major platform that brings full-fledged messaging and emailing services to the web3 world. Importantly, Dmail's email solution isn't merely limited to blockchain-based platforms; Dmail allows you to communicate across both the web3 and Web 2.0 environments. As a project that enjoys “first-mover” advantage in this area, Dmail has significant market potential.

2. The platform’s Subscription Hub and Marketing Hub are innovative solutions that might attract interest from businesses involved in the burgeoning influencer marketing niche. These hubs provide unique positioning for Dmail Network, with very few solutions — at least in the web3 universe — competing directly with them. This offers the platform significant market advantages.

The DMAIL token is now available on Bybit via a spot pair with USDT (

). Bybit currently offers a promotional campaign where you can 

through Feb 20, 2024, by depositing a minimum of 250 DMAIL or 100 USDT to buy any amount of DMAIL.

With the arrival of Dmail Network, the stark disconnect between web3's abundant blockchain services for transactions and its rudimentary communication capabilities is finally going to disappear. No longer will you need to use traditional Web 2.0 email to keep track of your activities on web3 platforms. This remarkable platform offers a communication service protected by blockchain technology that offers distributed storage of user data.

Moreover, Dmail’s ability to integrate both web3 and Web 2.0 mailbox services has the potential to turn into a major communication service that unifies the blockchain and internet worlds. This could have a monumental impact on the overall email market. Google better pay attention, because there's a new competitor on the block offering something that Gmail doesn't — blockchain-based security and access to the vast web world of web3.

Dmail Network (DMAIL): Redefining Web3 Communication

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards