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

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Rollups-as-a-Service streamlines the deployment and management of L2 scaling solutions. Learn more about how it works in this article.

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Scalability, high transaction costs and congestion are some of the significant challenges that blockchain networks face. Rollups-as-a-Service (RaaS) aims to address these issues by streamlining deployment and management of 

. This article will explore what RaaS is, how it works, its benefits and drawbacks, some of the leading RaaS projects and the future of this transformative technology in the blockchain ecosystem.

Rollups-as-a-Service describes platforms that enable developers to deploy and operate tailored rollups without managing complex back-end infrastructure. These platforms provide developers with SDKs or dashboards for easy integration.

 streamlines the deployment of Layer 2 scaling solutions, known as 

, which enhance blockchain performance. RaaS platforms enable the creation of custom rollup chains that bundle numerous transactions into single batches, which are then processed off the main blockchain (

). This consolidation optimizes speed and reduces costs.

These platforms offer a comprehensive suite of development tools, including software development kits (SDKs) and templates, which streamline the initial setup process for projects onboarding with a RaaS provider. This ease of access allows 

 projects to quickly get up and running with the necessary infrastructure in place.

Developers can tailor their rollup chains according to specific project needs. This includes fine-tuning aspects, such security measures, network capacity, transaction fees and overall performance. Such flexibility ensures that each project can optimize its rollup chain to meet unique requirements and operational goals.

The modular nature of RaaS platforms allow for the smooth integration of various components, such as the data availability layer, sequencer and settlement layer. It also supports third-party tools, including 

, enhancing the overall functionality and user experience of the rollup solutions.

RaaS platforms also offer robust monitoring and maintenance services. They continuously monitor the performance and security of rollup solutions to ensure they operate optimally. This proactive approach helps in maintaining the integrity and reliability of rollup chains, providing peace of mind to the projects using these services.

As projects grow and evolve, RaaS platforms provide the necessary support to scale their rollup chains. This includes managing increased traffic and transaction volumes, as well as optimizing speed and efficiency. These platforms ensure that rollup solutions can handle growth seamlessly, allowing projects to focus on their core objectives without worrying about technical limitations. 

Rollups-as-a-Service platforms provide easy onboarding, extensive customization, modular integration, scalability and continuous monitoring, empowering projects to deploy robust and efficient rollup chains tailored to their specific needs. As with every other useful tool, they also have their drawbacks.

Rollups-as-a-Service (RaaS) platforms are pivotal in scaling blockchain applications by providing Layer 2 solutions. Here’s a brief overview of some of the best RaaS projects. 

Alembic is a web3 development platform powered by 

 that enables users to build and operate games and applications. It provides a comprehensive stack of tools and services to create innovative projects in the web3 space without hassles. The project’s forte lies in its focus on ease of development and modularity, enabling the creation of bespoke blockchains with little overhead. 

 is a decentralized and elastic RaaS protocol that empowers developers to launch appchains (application-specific blockchains) It offers a unique approach, compared to traditional RaaS platforms, by providing a more decentralized and flexible solution. 

, is used as an economic bond alongside restaked assets to provide an economic stake that can be subject to penalties in cases of detected malicious behavior. ALT bestows holders with governance rights, allowing them to vote on decisions within the AltLayer ecosystem. AltLayer features an 

 that can handle surges in transaction processing requests, improving user experiences and minimizing fees.

 specializes in high-performance, customizable and application-specific Layer 2 blockchains. These Caldera chains offer high throughput, low latency and customizable features for optimizing DApp performance. Developers can choose any token as the native, fee-paying token of their chain, providing greater customization and alignment with their ecosystems. 

Caldera leverages data availability solutions such as 

 to slash transaction fees by up to 100 times as compared to traditional methods. 

 offers a managed service that helps developers easily and quickly deploy their applications to 

, a Layer 2 blockchain network that provides 

. The all-in-one platform is packed with powerful tools that allow anyone to deploy a rollup in minutes via a self-serve feature without needing any coding knowledge. 

Conduit primarily caters to enterprise clients, allowing them to rapidly deploy on the mainnet and focus on product development, rather than fiddling with security and 

 is a set of software components for building L2 blockchain ecosystems, developed by the 

 to power Optimism. It permits the creation of interconnected chains within a network called the 

OP Stack is known for its modular approach, allowing developers to build scalable and decentralized applications efficiently without compromising security. The OP Stack ecosystem is powered by OP, its native utility token. This token is used for transaction fees, governance, incentives and funding public goods within the Optimism network. 

 is a ZK-Rollup-as-a-Service platform that enables internet-scale DApps with a strong emphasis on privacy and security. It provides users with the tools to host and scale their own private decentralized network, catering to a wide range of applications — from fully on-chain games to transaction-intense 

 apps. Snapchain focuses on privacy, security and scalability, enabling developers to effortlessly expand their private decentralized networks, a crucial prerequisite for applications that demand high throughput and data privacy.

 is a blockchain technology company that specializes in the development of micro-rollups. These are designed to scale web3 applications by breaking up the rollup monolith into smaller, more manageable pieces that can be combined to serve a larger purpose. Stackr enables developers to build app-specific rollups using Web 2.0 programming languages like Python or JavaScript, making it easier for them to create scalable and decentralized applications.

 is a one-click rollup deployment framework that lets users design and manage scalable infrastructure with ease. It facilitates the rapid deployment of customizable rollups, streamlining the process for developers to compose, build, test, iterate and succeed in their projects. Vistara is also integrated with the NEAR ecosystem, facilitating multichain deployment of rollups and accelerating blockchain innovation. 

 token, VISTARA, serves various functions, such as governance, transaction fees and incentivizing participation within the network.

 is a blockchain deployment and management platform that specializes in RaaS. It provides a low-code, scalable and enterprise-grade infrastructure for ZK-rollups and OP Stack Rollups, catering to the needs of blockchain startups, enterprises and web3 developers. Zeeve’s platform enables users to build, customize and launch production-grade rollups, which are essential for scaling blockchain applications while maintaining security and decentralization. 

The platform’s support for both ZK-rollups and OP Stack Rollups offers flexibility and choice for developers, based on their specific application requirements.

Rollups-as-a-Service is poised to become a transformative force in the blockchain ecosystem. As the demand for scalable and efficient blockchain solutions grows, RaaS is expected to play a pivotal role. Following are some of the key aspects that will shape the future of RaaS.

Rollups-as-a-Service (RaaS) platforms are revolutionizing blockchain scalability by providing customizable, managed rollup solutions. They offer significant transaction throughput and cost reductions, encouraging innovation and simplifying DApp development. Despite potential centralization risks and initial liquidity challenges, RaaS is integral to the future of efficient and scalable blockchain ecosystems. 

Rollups-as-a-Service (RaaS): A Gateway to Scalable Blockchain Solutions

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