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

DeFi

Explainers

Altcoins

Aperture Finance (APTR) is a defi protocol that allows you to specify your trading intents via an AI-powered chat tool and offers the best options that satisfy those intents.

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 (DeFi) industry has progressed from its pre-2017 rudimentary form to today’s ecosystem of highly sophisticated apps and solutions. Numerous 

 (DApps) on the market now allow for the most complex operations involving cross-chain liquidity farms, elaborate 

-based transactions and algorithmic yield strategies.

However, the growth in the sophistication of DeFi solutions has led to an increase in the complexity and time spent by users to determine the best course of action. Traders have all the tools at their disposal in the DeFi universe, but knowing which platform, pool or 

 to pick can prove to be a time-consuming and error-prone process.

Aperture Finance (APTR) aims to help traders cut through the complexity using a natural language-based artificial intelligence (AI) solution. This multichain protocol allows users to express their desired trading outcomes using plain language. It then transforms the request and sends it to a network of solver 

, whose job is to point the user to the optimal source within the DeFi landscape that best satisfies the user's intent. By offering novel, ChatGPT-style decentralized trading, Aperture Finance helps reduce the barrier to entry and makes the selection of a DeFi strategy an effortless process.

 is a multichain DeFi protocol on which users declare their trading intents and desired outcomes using natural language. The platform’s AI bot then provides suggestions for optimal investment opportunities available across a variety of pools and protocols.

Founded in 2021 and based in California, Aperture Finance is headed by Lian Zhu, Co-Founder and CEO. On May 31, 2024, the project debuted its native token, APTR, which it maintains on 

, swap pairs, strategies and other DeFi products through ApertureSwap, based on the Manta Pacific 

 to leverage Aperture Finance's Intents tool to initiate and manage their liquidity positions effortlessly.

Users on the platform provide their textual prompts, or intents, specifying what they want to achieve. For example, a user might state their intent as follows — "I'd like to earn the highest possible yield from an ETH-SOL pool for an investment period of no more than a week." Aperture Finance processes this intent, transforms it from the natural language format into a standardized format acceptable to DApps and passes the request to a network of solver nodes. These nodes scout the DeFi landscape, accessing a variety of platforms and available options from which the solvers then propose their solutions according to the user's request.

Aperture's ranking and execution engine assesses the solutions proposed by solvers and chooses the one that will best satisfy the user's intent, e.g., the one that provides the highest yield with the lowest fees.

To process user requests and communicate solutions via its IntentsGPT interface, Aperture uses 

 (LLMs) — an area that has become the poster boy of the AI industry ever since the launch of OpenAI's ChatGPT. All intent processing and evaluation are based on 

The platform's architecture is made up of four main components:

The first component, IntentsGPT, is powered by a domain-specific language (DSL) model that’s capable of translating textual prompts into commands relevant to DeFi operations. Instead of forcing traders to tweak a variety of levers and tick countless boxes to formulate their investment requirements, the DSL model deducts all the user preferences from natural text prompts. It might ask follow-up questions to clarify the requirements or narrow them down.

User intents are then accumulated in the Intents Mempool, where they’re organized and scheduled for processing. Queuing the intents in the Mempool is based on various factors, such as resource requirements and urgency.

The solver network, which we'll cover in more detail below, uses the Mempool to select and process intents. During this stage, solvers need to validate the data associated with certain intents, especially those relying upon 

 to validate the off-chain data without revealing its contents, ensuring accuracy and confidentiality.

Finally, Aperture’s ranking and execution engine selects the best alternative out of those proposed by solvers — taking into account the risks involved and benefits offered — and executes the request.

Solver nodes on Aperture Finance are part of its 

, whose role typically involves enabling governance processes, the Solver DAO's most prominent function is to provide optimal solutions to user intents in a competitive fashion. Solver nodes compete with each other to find and present the best solution.

Solvers need to stake APTR and ETH to access user intents held in the Mempool. A solver node can offer a solution employing strictly on-chain methods such as smart contracts, or off-chain options such as scripts, in a variety of programming languages. The quality of the solution matters more than the method used to source it. Naturally, solvers who can access and research data across the widest possible range of sources are best positioned to win in the competitive battle against their DAO peers.

Aperture Finance also offers users a set of solutions to automate liquidity provision in concentrated liquidity (CL) pools.

The Automated Rebalance function lets you set up automatic triggers to rebalance your position, based on variables like pricing, specific time and pool ratio. This frees you from the necessity of manually adjusting all of these parameters when you need to rebalance your position.

Prescheduled Position Closure (Range Order)

Aperture Finance also allows you to close your position using the same parameters as above — pricing, timing and pool ratio. This functionality is particularly applicable to traders who use CL pools for range orders.

The Auto Compound solution allows you to automatically reinvest your earnings from a liquidity pool to enhance your yields. Aperture Finance selects the best interval for reinvesting based on the current terms and conditions in the pool, taking into account factors such as projected earnings and gas fees involved.

Aperture Finance lets you earn revenue from single-asset limit orders using Uniswap v3 pools. Under this mode, you provide one-sided liquidity at a specific out-of-range price point. If the asset crosses your price point, the position is closed, and you earn the asset plus trading fees. You’ll only have gas fees deducted from your earnings.

In addition to intents-based trading tools, Aperture Finance offers its own CL-focused 

, which operates on Manta Pacific — a zero-knowledge-based Layer 2 network for Ethereum. Much of the basic functional setup comes from Uniswap v3, the DApp that championed the idea of CL back in 2021. ApertureSwap also offers the novel liquidity pool automation, limit order and range order solutions covered above.

What Is the Aperture Finance (APTR) Token?

APTR is Aperture Finance’s native token. With a maximum supply of 1 billion, it was launched on May 31, 2024, and is based on Ethereum and Mantle Network. Additionally, APTR uses a bridge address on 

 (ARB), a leading Layer 2 chain servicing the Ethereum blockchain.

APTR's token generation event (TGE) was also accompanied by the beginning of its 

. Of the 7% designated to airdrop, 4.2% is allocated to its 

, whereby you need to earn points through various methods, such as by making referrals, posting Aperture Finance–related tweets and using various functions of Aperture Finance's app. The remaining 2.8% is set aside for a snapshot for Uniswap liquidity providers and users who have delegated their UNI tokens.

Where to Buy the Aperture Finance (APTR) Token

The APTR token is available on Bybit's Spot market through a swap pair with USDT (

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

. The campaign, which runs through Jun 14, 2024, 9AM UTC, consists of two events:

The idea of trading intents championed by Aperture Finance opens up completely new opportunities for both beginning traders and hardened veterans of DeFi trading. 

For newcomers to the world of DeFi, Aperture Finance app provides a great way for them to formulate their trading goals and execute them without setting up all the confusing technical parameters that traditional DeFi platforms require. And for experienced traders, the IntentsGPT tool can be a true time-saver. Instead of combing through the entire DeFi landscape looking for the best deals across numerous pools and protocols, these traders can succinctly specify their requirements and get the optimal deals suggested to them within seconds.

By introducing AI-powered, intents-based trading, Aperture Finance has opened up a totally new niche within the world of DeFi, in which its platform will wear the crown as undisputed leader — at least until competing protocols emerge to leverage this novel idea.

Aperture Finance (APTR): The Next DeFi Evolution With AI-Powered Intents

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards