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

Bybit Learn

Bybit Earn

Bybit Savings allows participants to stake and unstake crypto assets anytime for guaranteed high percentage yields. Learn how to participate now.

Simply put, crypto staking can be considered a source of passive income for investors to earn interest yields. Investors who prefer to HODL their crypto assets rather than trade them can appreciate staking, as they earn a percentage rate of staking rewards over time by contributing their unused crypto funds to a staking pool. Participants who lock their funds serve as validators for a blockchain using a 

 (PoS) system to validate transactions for rewards.

Although crypto staking resembles crypto mining, the main difference is that mining involves using a 

 (PoW) consensus mechanism. Miners are rewarded when a block is successfully added to the blockchain. As mining becomes more labor-intensive and expensive, investors turn to crypto staking as an alternative to diversify their income streams.

In this article, we'll look at Bybit Savings and see how to earn high yields in a jiffy. 

Bybit Savings (previously known as Bybit Staking) is a passive income, flexible investment plan for users to earn yields from their unused funds in the platform by depositing them in a staking pool. The staked assets can be withdrawn flexibly depending upon the chosen staking period — 

Participants who stake their assets can now earn interest at an 

 (APR), just as they would earn interest by opening a savings account in a traditional bank. The only difference is that Bybit Savings is based on crypto assets, instead of 

When staking for a flexible term, you can unstake and liquify your assets however you'd like. Conversely, if you're staking for a fixed term, you can earn a higher yield in return on capital from locking your assets with the platform for a longer duration.

Whether you're an advanced trader or a novice, Bybit Savings is one of the easiest ways to earn crypto without strenuously monitoring the market. Beyond the actively listed new tokens for those with a higher risk appetite, you'll find most 

 with competitive yields, such as BTC, ETH, USDT and USDC. 

Of note here is that the yields on Bybit Savings are not non-compounded. In other words, investors must manually compound their yields by reinvesting their assets in order to generate additional yields within the minimum staked amount requirement. 

 is a management platform that helps crypto investors control and expand their assets. The product aims for competitive yields and top-notch security, making it perfect for both beginners and seasoned investors. Bybit Savings, however, is a secondary product of Bybit Earn, offering investors an easier way to earn crypto yields steadily with calculated risks based on their investment duration preference.

Here’s an overview of Bybit Earn products available to suit different investor profiles:

 is designed for long-term yield seekers and DeFi enthusiasts who want to tap into the 

 (AMM) lending pool to earn high yields in a volatile market. 

Users can add liquidity to the AMM pool to earn yield from the swap fees in the pool, and amplify their returns by leveraging up to 5x.

 is a low-risk, passive income tool that allows users to profit from securing the Ethereum network through staking. With a minimum stake of just 0.01 ETH, users can earn tokenized versions of ETH 

 which can reap daily yields of up to 6% APR and also be used in DeFi for yield farming and as collateral for trading.

 is a financial service designed to support users in their crypto investment through 

professional investment strategies and diversified portfolios. Wealth Management currently offers a Fund Pool in either BTC or USDT created to maximize profits while minimizing risks in all market conditions.

Bybit Savings Flexible Terms vs. Fixed Terms: Which One to Choose?

Bybit pays out yields to participants based on the platform's income in the form of APR. The APR may occasionally fluctuate, depending upon market conditions and the platform's performance. In addition, a user's status on the platform may also affect the APR. For example, 

 users are entitled to unlock exclusive staking offers with higher APR rewards. 

Both flexible and fixed terms on Bybit Savings offer unique deals. Participants should make a decision based on the following preferences.

: Participants can stake and unstake their committed assets in this product at any time. Daily yields are paid out, depending upon the type and number of coins you've staked and the Savings APR tier you've committed to. 

Yields can also be compounded by activating the Auto-Savings option, subject to a minimum stake amount. 

The APR level rates for USDT are as follows:

Suppose an investor, Alice, stakes 10,000 USDT on T-day. Starting at 12AM (midnight) UTC on Day T+1, the calculation of Alice's daily yield will begin automatically, rounded to the nearest integer.

After 12:30 AM (midnight) UTC on Day T+2, 0.243 USDT [(500 USDT × 12% / 365) + (500 USDT × 0.7% / 365) + (9,000 USDT × 0.28% / 365)] will be auto deposited to her Funding Account, assuming that Alice doesn't unstake her assets before this time.

Flexible Savings also offers an APY Booster feature that can only be earned via the Bybit 

. These Boosters offer additional cumulative interest payout on a selected investment plan. For example, users can apply the 10% Booster Voucher on the USDT Flexi Savings, which offer 50% APR, to earn a total of 60% daily APR payout on the USDT Savings until the Booster expires.

: Participants can earn fixed yields — even during a market downturn — when their assets are locked in the staking pool. However, the staking period and the APR are fixed, and users can't withdraw their assets flexibly. 

New coins will be updated from time to time, and you can choose to participate in any events that involve the coins you hold. Coins labeled 

 are seasonal, and may not be extended once their cap is hit.

Once you've selected the coin you wish to stake, you'll arrive at the confirmation page, where you’ll find more information about the following:

The screen will display the balance in your Funding Account that's available for staking. Estimated daily yield is calculated based on the estimated APR. Once you're ready to confirm, click on 

Once your order verification has successfully gone through, you'll arrive at a screen to confirm your order details.

Just three simple steps — and you're on your way to earning guaranteed yields.

Let's say that Alice stakes 10,000 USDT for a Flexible Term on Jul 27, 2023, and the estimated APR for USDT is 2.25%. Starting at 00:00AM UTC on Jul 28, 2023, calculations for Alice's daily yield will begin automatically. 

Shortly after 00:00AM UTC on Jul 29, 2023, 0.6164 USDT will be auto deposited to her Funding Account, assuming that Alice doesn't unstake her staked assets before this time.

If, for example, Alice unstakes 100 USDT before this time, no yield will be credited to her Funding Account at 00:00AM UTC on Jul 29, 2023.

If Alice stakes an extra 10,000 USDT on Jul 28, 2023, the yield she receives at 00:00AM on Jul 29, 2023 will still be 0.6164 USDT. The yield derived from her second staking will be credited to her Funding Account shortly after 00:00AM on Jul 30, 2023.

A glance at how the APR above was calculated:

Daily Yield = amount of tokens you’ve staked × APR/365

Calculations for yield start on the next day (T+1) after staking the tokens, and will be deposited daily to your Funding Account starting one day after the calculation period starts (T+2). No yield is generated when you unstake your staked assets, and yield is refreshed daily at 00:00AM UTC.

Is there a minimum investment amount required to participate in Bybit Savings?

Yes. Each chosen crypto asset in the Flexi Savings or Fixed-Term Savings has a minimum investment amount, which varies from one asset to another. 

For example, the Bybit Savings Flexible term for $USDT has a minimum of 1 $USDT, while participants must stake a minimum of 100 $USDT in the 1 Day Fixed-Term Savings. 

The Bybit Savings Flexible term APR changes daily, while the Fixed-Term Savings doesn’t fluctuate. Yields are determined based on the agreed payout terms and locked period upon the Savings activation. 

The entry point to Bybit Savings is low, so be sure to get started today. If you have any coins sitting idly in your account, why not earn passive stable interest on them? 

What Is Bybit Savings and How Does It Work?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards