Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

sui name service (suins).png

Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

Intro to Santiment.png

Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

4.png

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

Bybit Learn

Altcoins

Explainers

Blockchain

Astar Network (ASTR) is a smart contract platform that acts as a hub for developing DApps compatible with both EVM environments and the Polkadot ecosystem.

There are currently three large multi-chain ecosystems that dominate the blockchain world — 

 (DOT) parachain system and the network of 

 (ATOM) platforms. Each of these ecosystems comprises a variety of blockchain environments teeming with diverse 

 (DApps), and the networks within each ecosystem exhibit a high degree of interoperability. 

Unfortunately, the interoperability between these large ecosystems is often rudimentary. As a result, DApp developers need to carefully preplan which of these ecosystems they’d like to commit to. Once they’ve locked into one, expanding to the others becomes challenging.

Realizing the presence of this problem, Japanese web3 entrepreneur Sota Watanabe founded a project in 2019 to develop a platform that would feature cross-ecosystem interoperability. This is how Astar Network (ASTR) was born. Astar is a blockchain that lets developers launch DApps compatible with both EVM and Polkadot/WebAssembly (Wasm) technology. Such DApps feature a high degree of interoperability with EVM-compatible chains, including 

 (ETH) and the parachains that belong to the Polkadot ecosystem.

Astar has already established itself as the leading public blockchain in Japan, with its team currently in the midst of releasing features for Astar 2.0, a major improvement to the original network. Astar 2.0 has already caught the attention of the crypto investor community: the platform’s native token, ASTR, has experienced a price jump of over 300% between late October 2023 and early January 2024.

 (ASTR) is a smart contract platform that acts as a hub for developing DApps compatible with both EVM environments and the Polkadot ecosystem

. The interoperability, or rather the lack thereof, between Ethereum/EVM chains and Polkadot/Polkadot 

 is a significant issue in the sphere of blockchain development, and Astar is a unique project that tackles this problem head-on.

In addition to Ethereum’s blockchain itself, EVM — its virtual engine — is used by a range of other popular networks, including BNB Chain (

). Thanks to their utilization of the same virtual machine environment, these blockchains feature a reasonably high degree of compatibility, making processes like DApp porting or 

 adaptation to a new chain relatively easy.

Polkadot, another large ecosystem of blockchains, doesn’t use the EVM. As a result, its compatibility with Ethereum and other EVM-based networks is limited. Polkadot uses a central 

, which provides basic security and block validation services to the dozens of independent chains connected to it. These chains, called parachains, all utilize the Relay Chain’s security and block processing features, while using their own custom environments at the execution layer.

There are dozens of parachains on Polkadot, and Astar Network is one of them. In fact, Astar is among the most popular parachains, with over 500,000 users. Within the Polkadot ecosystem, Astar currently leads by number of

 received. These grants are awarded to parachain projects that advance R&D in the field of decentralized protocol development.

Astar is built using Substrate, Polkadot’s blockchain development framework. It has a 

 environment, Shibuya, and a sister network, Shiden (SDN), which can be used as a “canary network” for pretesting Astar DApps. 

Unlike a testnet, a canary network is a full-fledged, independent blockchain whose architecture mirrors that of the main chain. Canary networks are more suitable than testnets for pretesting mission-critical apps in a completely open, public access mode.

The Astar blockchain’s smart contracts can be written in different languages, including Solidity, the language used within EVM chains, and Rust, the primary development language within the Polkadot ecosystem.

As a typical parachain, Astar doesn’t maintain its own validators, as all the block validation activities take place on Polkadot’s Relay Chain. The Relay Chain itself is based on the 

 (NPoS) block validation model, in which a certain number of nominated validators process transaction blocks. Both the validators and those nominating them need to stake funds on the network. In contrast, with 

 (DPoS) consensus, only the nominators or voters (but not delegators who are in charge of block validation) need to lock in the staking funds.

A block of transactions is finalized on Astar (or, technically speaking, on Relay Chain) every 12 seconds, a result that’s quite similar to Ethereum’s transaction finality time of 12 to 15 seconds. However, as we’ll see below, Astar has developed a solution that allows for highly scalable EVM-based processing.

Astar’s original mainnet was launched in 2022. In June 2023, the project announced plans for the gradual release of Astar 2.0, a core upgrade to the platform. Astar 2.0 represents a set of new tools and improved functionalities that hit the market starting in late 2023, with some other features still to be released in early 2024.

Among the key innovations offered by version 2.0 is Astar Link, a development technology that further improves the compatibility of Astar DApps with both the EVM and Polkadot ecosystems. Astar 1.0 had taken a major step by allowing developers to create flexible multichain DApps adaptable to both environments. Astar Link, released in October 2023, takes this adaptability to even higher levels.

Another key feature of the Astar 2.0 suite of products is Astar zkEVM, a 

 technology. The complete set of all Astar 2.0 features will be released by early 2024.

XVM is among the most innovative features offered by Astar. This multi-VM (virtual machine) solution allows EVM and Wasm smart contracts to directly exchange data, despite the difference in formats between these two technologies. In essence, XVM combines different virtual machines into one VM environment.

Currently, XVM is available to developers on Shibuya, Astar’s test network. After a period of pretesting, XVM will arrive on Astar’s mainnet, most likely at some point in 2024. 

XCM is another key feature supporting Astar’s cross-chain interoperability. It’s a messaging protocol for exchanging data and assets between chains with different consensus models. Using XCM, developers can create DApps that execute functions across different chains.

DApp Staking, or Build2Earn, is a unique feature of Astar that lets blockchain app developers monetize their efforts. Within the Astar platform, users have the opportunity to stake their funds on specific DApps they would like to support. In a way, this is similar to how stakers allocate their funds to block validators, only in this case, the nominated entity is a DApp, not a validator node.

DApp staking provides important financial incentives to developers in order to help them innovate and build solutions on Astar.

Astar zkEVM is a Layer 2 solution designed to offer a highly scalable network powering EVM-based DApps. Featuring considerably higher scalability than that of either Ethereum or Astar’s Polkadot-based core chain. zkEVM is part of Astar 2.0 and is currently in testnet mode. The platform’s mainnet is slated for launch in early 2024.

ASTR is Astar’s native cryptocurrency. It’s designed for several critical functions on the platform: staking tokens on DApps in the Build2Earn program, earning staking rewards and paying developers in ASTR tokens when their DApps are nominated within the program.

The token is also used to pay network fees. Treasury and community pool grants, two forms of funding that Astar Network provides to promising 

 development projects, are also paid out in ASTR.

The ASTR token has a total supply of around 8.3 billion, with about 5.5 billion in 

 and no maximum supply limitation. ASTR’s supply distribution shares are as follows:

As of Jan 10, 2024, the ASTR token was trading at $0.1296, which is 62.35% lower than its all-time high of $0.42 attained on Jan 17, 2022, and 295.27% higher than its all-time low of $0.0327 registered on Oct 13, 2022.

ASTR experienced a price rally between late October 2023 and early January 2024, rising from $0.039 on Oct 20, 2023 to a local high of $0.17 on Jan 5, 2024, a growth rate of 335%. The token has now retreated from these highs, but remains among the best performers in the market.

Long-term forecasts for ASTR are all on the bullish side. PricePrediction 

 at $0.34 in 2025 and $2.28 in 2030, while DigitalCoinPrice 

The ASTR token’s recent impressive rally has shone the spotlight on the Astar project, and the token is quickly shaping up as one of the most promising investment options in 2024. Here are some reasons why you might consider investing in ASTR:

1. Astar is a unique project that provides true interoperability between two of the largest blockchain ecosystems in the industry — EVM chains and Polkadot parachains. Few projects tackle this challenging issue, and Astar is the confident leader in this niche. The rollout of Astar 2.0, expected to be finalized in early 2024, will further fortify the platform’s position as the category leader.

2. The Astar zkEVM platform, expected to launch its mainnet early this year, will open up opportunities for developing highly scalable EVM-based DApps. Neither Ethereum nor the current Astar parachain can match this in terms of technical performance. Astar zkEVM is expected to provide a further boost to Astar and its ASTR token.

3. Already a high-profile blockchain project in Japan, Astar has established itself as that country’s leading public chain. The project continues to maintain a strong public profile in the Land of the Rising Sun, and has gotten involved in charitable work, contributing funds to relief efforts in the aftermath of the powerful earthquake that hit Japan on New Year’s Day 2024. 

The project’s charitable work and high public profile will likely help support its leadership position in the Japanese market — and this is a market well-known for businesses that don’t shy away from technological innovation. Such businesses represent a tremendous potential client base for Astar. With more enterprises and DApp operators utilizing Astar, the ASTR token stands to benefit significantly.

Naturally, before making your final investment decision, it’s important that you conduct 

 on the ASTR token and consider its pros and cons as part of a comprehensive financial assessment.

 with a USDT Perpetual contract, which allows them to open long and short positions using USDT as the margin with no expiration dates. If you don’t have an account on Bybit, you can easily 

 and trade hundreds of cryptocurrencies, both in the Spot and Derivatives markets.

As cross-chain DApps become more common, platforms that facilitate interoperability between different chains and ecosystems are becoming more important. Astar shines brilliantly in this niche. This is a platform whose reach spans two of the largest blockchain ecosystems: EVM chains and Polkadot parachains.

With the planned mainnet launch of Astar zkEVM, the Astar platform will further solidify its market position, adding exceptional scalability to its list of advantages. If you’re a cross-chain DApp developer or operator, you’ll be hard-pressed to find a more suitable hosting environment for your project than the Astar Network.

Astar Network (ASTR): Shining Brightly With Scalable Interoperability

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards