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

web3

The Graph is a decentralized protocol used to index and query data from the Ethereum blockchain, EVM-compatible chains and Layer 2 chains.

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Just as web2 needs Google to index data, which makes the data more organized and accessible, 

 also needs a protocol to help weave all the data in the blockchains together, so end users can easily query for data. This is where The Graph with its indexing abilities comes in. The search engine of tomorrow, The Graph has the potential to impact the future of all decentralized networks and cryptocurrencies. 

The Graph is a decentralized protocol used to index and query data from the 

, EVM-compatible chains and Layer 2 chains.

 Currently, The Graph supports 31 blockchain networks including 

. The data is extracted, processed and stored by open-source application programming interfaces (APIs) called subgraphs. 

Subgraphs are indexes for a specific query that form part of a global graph of blockchain data. They can be transferred to enable all the developers to query data with a few clicks using 

Because of its powerful indexing capabilities, The Graph has been dubbed “the Google for blockchain.” Most information in 

, cannot be read directly by simply interacting with the contract. One of the biggest challenges facing blockchain developers is the length of time it takes to retrieve data. 

Developers end up having to create centralized indexing servers to accommodate the queries, which is contradictory to what web3 is trying to achieve. The Graph tackles both issues with its indexing protocol, enabling blockchain data to be queried in a decentralized, fast and efficient manner. 

Co-founded by Yaniv Tal, Jannis Pohlman and Brandon Ramirez in 2018, the Graph has raised $19.5 million since 2019, including $10 million in token sales during its launch in October 2020. 

The Graph ecosystem consists of six main actors who interact with each other to retrieve and organize data via subgraphs. 

This is a place for developers to create subgraphs and add metadata, then deploy the subgraphs for testing before publishing them to the decentralized Graph Explorer or the Hosted Service.

All the subgraphs deployed to The Graph Network, on which the details of each subgraph — from metadata to participant statistics — can be easily viewed. From there, Curators can choose a subgraph they wish to signal to the Indexers, and deposit GRT tokens into it. 

All network participants can view their user profiles on the Graph Explorer, which also includes tabs for Subgraphs, Indexing, Delegating and Curating. They show the historical and active performances of each activity alongside details of accumulated rewards and fees.

The Graph Network supports only the Ethereum blockchain. All other blockchains, such as 

, are currently supported by the Hosted Service, which will be shut down by the end of Q1 2023 with the DApps migrating to the decentralized Graph Explorer.

Either a relevant subgraph to store query data exists or it doesn’t.  If one doesn’t already exist, a developer will need to create it in the subgraph data studio. 

Once a subgraph is created and published, a Curator will analyze it, and if they are bullish on its potential, they’ll signal it for indexing on the Graph Explorer.

With the signal established, the subgraph will be indexed via the 

, which scans the Ethereum blockchain continuously for new blocks, and serves the data query via a GraphQL endpoint.

Once this process is complete, users can view the query’s result in their applications. They can also leverage Graph Explorer to browse existing subgraphs and perform queries using GraphQL.

 on the Ethereum blockchain, used to allocate resources across The Graph ecosystem. GRT tokens serve as a medium of exchange and reward for community participants, while Indexers, Curators and Delegators deposit GRT to engage in the marketplace.

Apart from streamlining the data service process on The Graph network, GRT also plays a key role in helping govern the network. Anyone holding GRT has the right to vote for and validate changes occurring in The Graph. A GRT coin holder can also accept or decline any changes proposed by The Graph Council that guide future development.

Like any blockchain network, The Graph has its own set of advantages and disadvantages. Understanding these pros and cons is crucial for you to make an informed decision. Here’s what you should know:

The Graph allows all blockchain data to be queried seamlessly with its use of subgraphs.

Before The Graph, developers had to either build private query services or rely on third-party data, which are all costly. 

The Graph has the potential to grow exponentially as it keeps incorporating more platforms, DApps, 

 and smart contracts to expand its index. 

As a relatively new network, The Graph doesn’t support many blockchains, though many major blockchains such as 

 are already supported. It has even expanded to include a non-EVM blockchain, 

, which underlines its efforts in expanding its network. 

 As most of the subgraphs are supported by the Hosted Service, The Graph is not completely decentralized. However, The Graph team is working hard to make the data indexing process fully decentralized with its decentralized Graph Explorer, which was launched in July 2021. 

The Graph Crypto Price Prediction — Is GRT a Good Investment?

The Graph (GRT) is unique and solves some major problems for blockchain developers and users, but is it worth the investment? Let’s look at the numbers to get an answer. 

As of this writing (August 16, 2022), the GRT token is priced at $0.13 with a live market cap of around $1 billion and a 24-hour trading volume of over $232 million. The GRT price hit an all-time high of $2.84 in February 2021, but it’s currently valued below $1. 

Indeed, it has witnessed a long bear run. However, the demand for GRT crypto has seen steady growth over the past month. The relatively positive momentum of GRT, despite the ongoing bearish conditions, has led some experts to be particularly bullish on the token. CryptoNewsZ has predicted that GRT crypto will be worth 

. While Price Prediction has a less bullish outlook, it still foresees an increase to an average of 

Despite a long bear run, however, GRT crypto has a promising future. First, it solves a huge problem and has become a core part of web3. Second, The Graph constantly expands its support circle to accommodate new platforms and blockchains. 

, The Graph depicts a healthy growth with over 3 million GRT signaled on more than 200 subgraphs and 2.6 billion GRT staked by Indexers.

With this in mind, let’s venture that investing in GRT crypto might not be a good idea for short-term returns. However, investing in it for the long term could yield great returns.

GRT can be bought at crypto exchanges, with each one having its own set of advantages and disadvantages and requiring different levels of 

 and verify it to complete the registration process.

Step 2: To transact GRT on Bybit, you’ll first need to own USDT. To purchase USDT, visit the 

 page. There, you’ll see several options to buy USDT: Express, Fiat Deposit, Crypto Deposit and P2P Trading. Choose the option that’s most convenient for you.

Step 3: Once you’ve purchased your USDT, click the 

 from the drop-down menu. You’ll be directed to the Spot trading terminal.

 trading pair on the left side of the trading platform, which usually displays BTC/USDT by default.

Step 5: Enter the amount of GRT tokens you wish to buy by filling in the values on the right side of the trading terminal.

That’s how easy it is to buy GRT coins. Since the user interface is easy to navigate, the Bybit trading platform is a go-to option for new and experienced crypto traders alike.

The Graph indexes blockchain data in a decentralized, seamless manner, making querying data and retrieving results an effortless service that can be easily adopted by all. With its unique approach and effectiveness in the global DeFi infrastructure, witnessing how The Graph performs in the future will be a thrill.

The Graph (GRT): Search Engine of the Future

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards