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

Crypto

Tectonic is a money market protocol where users can borrow liquidity through a quick process and enjoy passive yield. Find out how it works in this article.

 institutions have been the primary source of loans in the past. They’ve also provided a small stream of 

 for those who store cash with them. Now, however, the crypto world has advanced to provide a modern alternative to 

 offers both passive income and quick loans to its users. With the platform’s innovative design and key features, it’s already become a popular option in the financial sector.

Tectonic is a money market protocol with a decentralized, noncustodial and algorithmic platform. With the Tectonic protocol, users can borrow liquidity through a quick process and enjoy passive yield.

Tectonic operates on a cross-chain money market that provides users with a modern way to earn passive yield and borrow liquidity instantly. When users deposit their crypto assets with the platform, they can benefit from a solid return. In addition, token holders can 

 their tokens to earn rewards. The yield is based on market conditions, and can be accessed immediately. 

Tectonic users can also borrow liquidity to obtain an instant loan. The protocol has advanced security mechanisms and an open-source design to distinguish itself from other similar platforms. For users’ benefit, Tectonic smart contracts are independently audited through respected third parties.

, the co-founder and former chief technology officer of 

, which launched Tectonic in December 2021. Particle B is a blockchain-based incubator, or accelerator, that supports high-value projects in the crypto market. Tectonic runs on the Cronos platform. Because of this, Tectonic’s native token, TONIC, is often referred to as a TONIC 

. In reality, however, it was developed as a 

Tectonic’s developers focused on creating a platform that places governance in the hands of stakeholders and the community of TONIC token holders. The development team consulted with the community and stakeholders to establish all aspects of the Tectonic protocol. This includes the interest rate structure, token distribution, collateralization ratio and other relevant aspects of the platform’s design and functionality.

The Tectonic protocol’s design and architecture are based on 

, an established protocol that has been thoroughly audited and tested. Tectonic protocol aims to meet a variety of its users’ needs through its advanced protocol, such as providing them instant loans and guaranteeing them a steady stream of passive income. 

Tectonic token holders benefit from contributing to the liquidity pool through a robust incentive program that includes interest and rewards. TONIC traders can borrow liquidity for shorting and farming, and TONIC holders can access several other cryptocurrencies through the platform without needing to liquidate their TONIC holdings. The other cryptocurrencies may be used for bonding, participating in initial coin offerings and more.

On a more detailed level, smart contracts control the Tectonic liquidity pool, which is the accumulation of users’ contributions. Because these crypto assets are controlled via smart contracts, they are 

 assets. These smart contracts then support prompt withdrawals. The assets in the Tectonic liquidity pool can also be used as collateral for borrowing in several different cryptocurrencies.

Tectonic has several built-in mechanisms and features to benefit its users. For example, it maintains a 10% liquidity cushion, and it’s currently developing an insurance fund. The fund will protect the pool against losses from borrowed crypto assets that aren't returned to the pool. In addition, the platform maintains an adjusting 

 that’s based on market conditions. This supports a solid return for TONIC holders.

While other cross-chain money market platforms are in use today, Tectonic stands far apart from the others. Not only has it been expertly designed with a variety of features that support borrowing and passive income generation, but its developers continue to make improvements to the platform. Its community and stakeholders are required to authorize the improvements to ensure that users will benefit from them. Let’s look at the features of Tectonic that support its functionality and uniqueness.

As mentioned, one of the ways for TONIC holders to profit from their tokens in the near future is 

. Although it’s still in development, this feature will enable holders to earn passive yield rewards simply by depositing their crypto assets in the TONIC staking module. The rewards are generated through the transaction fees that the platform’s borrowers pay. 

Staking will also support the TONIC insurance fund and be used for the platform’s governance actions. Once staking is available, users will be able to access it through the navigation menu on the website. The easy process requires users to input the TONIC token amount they wish to stake and submit their order. The unstaking process is equally easy, but a 10-day cool-down period prevents those assets from being immediately available to users.

 on the Tectonic platform support another avenue for passive yield generation. Token holders can choose from a range of fixed time periods to support long-term growth, ranging from six to 48 months. The yield increases substantially for longer hold times in the Maturity Lock Vault. The rewards provided to these holders will be paid in TONIC tokens and will come from community incentives. To contribute to a Maturity Lock Vault, token holders are required to stake at least 100 tokens. Once this is accomplished, the Maturity Lock Vault feature is enabled.

TONIC holders can contribute to the liquidity pool, which allows users to borrow from the pool. Smart contracts manage the supply of tokens. This aspect of the platform’s design makes the pool a fungible resource. Users who 

 in return. This enables them to later retrieve their original tokens from the pool. The tToken value is determined by the interest rate for deposits. This interest rate is based on the economic principle of supply and demand.

 in the form of several available cryptocurrencies. Those supported (other than TONIC) include 

. This permits users to borrow liquidity without having to sell their TONIC token holdings. Tectonic maintains a collateral factor, which is a ratio of the funds available for borrowing to the user’s assets. In the event that the collateralized assets’ value declines, some assets will be liquidated and a liquidation discount will apply. This 

 can be avoided if the user increases their collateral or repays some of their outstanding loan balance. Borrowed funds will be subject to a compounded interest rate.

Currently being developed, the Tectonic Insurance Fund is expected to be released in the near future. The fund’s balance builds up through the compounded interest rate for which all borrowers are responsible. Of the interest collected, 10% will be allocated to the insurance fund. The purpose of the insurance fund is to create a financial buffer that protects the pool from loss related to non-liquidated loans.

When the collateral factor isn’t met on an established loan, such as through a decrease in collateral value or an increase in the amount borrowed, the liquidation mechanism is triggered. The purpose of liquidation is to maintain the solvency of the Tectonic protocol. The Tectonic interface has a 

 on the user dashboard. Once the Lava Bar reaches full capacity, liquidation may occur. As the bar reaches the full point, users can repay a portion of their outstanding loan or increase their collateral to prevent liquidation.

 is the Tectonic protocol’s risk management layer. It maintains the collateral factor, which establishes a user’s minimum collateral required, and triggers the liquidation mechanism. When a user submits a transaction request, approval or denial is processed through the TectonicCore. On a deeper level, the TectonicCore weighs risks against user balances to determine a risk score.

Although Tectonic launched in December 2021, the platform’s development has continued. A key part of the after-launch development occurred in February 2022, when news about the 

 was released. Staked tokens qualify users for passive yield that’s funded through borrowers’ loan fees. Early users who were part of the wallet snapshot in January 2022 could receive a token airdrop, which could be staked as desired. An allocation of 0.1% of the total token supply was for the airdrop.

Looking ahead, Tectonic will be bolstering its community governance process. For example, facets of the collateral factor are expected to be governed by the community in the near future. This and other aspects of governance depend upon the continued growth of the platform. As mentioned earlier, Tectonic is also working to establish an insurance fund. An allocation of 10% of loan interest charges will be stored in the insurance fund. If a loan cannot be liquidated, the insurance fund will replenish the liquidity pool for those funds. This will support the financial health of the platform going forward.

The Tectonic platform is a decentralized finance (DeFi) system fueled by Cronos. Its native token is TONIC. Tectonic launched with a supply of 500 trillion TONIC tokens. The Tectonic team received an allocation of 23% of the tokens. The ecosystem reserve benefited from 13% of the tokens. Another 13% supports network maintenance and security. And, as already mentioned, 0.1% of the tokens were used in the airdrop. The remaining 50.9% is available for community rewards and incentives.

Through the use of tokens, lending and borrowing activities are supported. Those who supply tokens receive passive income for their contributions, while liquidity borrowers can use their crypto assets for shorting, ICOs, yield farming and staking.

The current price for a TONIC token is approximately $0.00000015. When the token launched in December 2021, its price was $0.0000004027. Its peak price was $0.000001903. As is the case with all crypto tokens, the value fluctuates considerably and is subject to change due to a variety of factors, such as supply and demand, and whale activity. 

 predicts the TONIC token price will be $0.00000013 by year-end, also forecasting potential prices of $0.0000004 by 2025, $0.00000083 in 2027 and $0.000000365 in 2031.

Security is a top concern for many cryptocurrency users and investors. The Compound protocol is rightfully recognized as being among the most secure in use today, having been audited and tested comprehensively. The Tectonic protocol is rooted in the Compound protocol, so it has extensive security measures in place. In addition, the blockchain ecosystem security reviewer 

 has also audited Tectonic to confirm the adequacy of its security measures.

Even with these security measures in place, however, it’s important to note that the Tectonic protocol has only been in use since December 2021. Both the platform and the token continue to be actively developed. Furthermore, despite being used for both passive income generation and borrowing, the utility of the platform hasn’t been fully proven, and continues to evolve as the team furthers its development. While Tectonic is a legitimate platform, users should proceed cautiously until the platform is firmly established.

The current TONIC token price is notably low, so investing in a large number of tokens requires only a nominal investment. While the price is expected to increase in the next few years, it’s subject to extreme volatility. Nonetheless, because of the low cost of entry, the risk to investors is relatively small.

Tectonic offers financial benefits for TONIC holders. For example, staking rewards can yield passive income, and additional returns are offered through locking tokens in vaults. While borrowers will be responsible for interest charges on borrowed funds, they can also benefit from their loans. For example, without cashing in their TONIC tokens, they can borrow against them for potentially profitable farming, staking and more.

Tectonic has built-in mechanisms and features to ensure the integrity of its liquidity pool. This supports the investment of those who stake tokens and contribute to the pool. The protective measures include the pending release of an insurance fund and a liquidity mechanism.

Overall, an investment in the TONIC token may prove to be financially lucrative. However, with numerous factors that could influence token value, there are risks to consider. Furthermore, even with the Tectonic Insurance Fund and liquidity mechanism, there could be a potential for loss in the liquidity pool. This risk stems from the newness of the platform. Given these factors, TONIC token users should make investment decisions with an ounce of caution.

Tectonic Crypto is a well-designed platform in the crypto market, and its design and functionality have continued evolving since its development. One of the planned updates for Tectonic is the creation of an insurance fund that will be sourced from the interest that borrowers pay. Specifically, 10% of that interest will be collected, and will serve as financial protection in the event that some of the loans aren’t liquidated properly.

In addition, developers are currently working on creating and launching a staking mechanism designed for TONIC token holders to earn rewards. This aspect of the platform’s design encourages users to maintain their holdings, which in turn supports a larger liquidity pool. These are only some of the many planned developments for Tectonic.

The collateral factor for borrowing liquidity from the Tectonic pool will also be updated in the near future. Specifically, the parameters and ratios for the collateral factor are currently managed by the platform’s team. In the future, they’ll be regulated via community governance processes. Tectonic’s developers continue to consult with their stakeholders and community to identify new opportunities for growth and improvement.

While Tectonic is a relatively new crypto platform, it has been well-designed with security and utility in mind. It offers users passive income and the ability to borrow crypto assets instantly. With its many current features and planned developments, it’s a platform with tremendous current and future potential as well as some risk.

Tectonic Crypto: Earn Passive Income & Access Instant Loans

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards