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

GameFi

With experienced developers at the helm and endless NFT loot possibilities, find out why gamers are hyped for Big Time -- the next big AAA multiplayer ARPG.

big_time_gameplay.webp

big_time_character_cosmetics.webp

 scene, chances are you’re familiar with Big Time Studios and their game, which has released its preseason Alpha launch this year. After all, 

 is, its advantageous features, how to buy Big Time 

 (NFTs) and how to get started playing. Also, you’ll learn enough to help you decide if you want to invest in Big Time.

 is a multiplayer, play-to-earn, action role-playing blockchain game (ARPG) that features NFTs. 

It’s fully free to play, and players can earn 

 crypto tokens and buy SPACE NFTs and other digital assets.

In 2020, Thor Alexander and Ari Meilich founded 

, the force behind this new AAA crypto gaming innovation. Notably, Ari Meilich was the co-founder and project lead for 

, while Thor Alexander acted as the VP of Production. Today, the team includes Martin Sweitzer, Matt Tonks, Tom Zhao, Doug Wilson and several other gaming industry innovators. Many people in the world of gaming recognize these names as instrumental in creating 

In late 2021, the Big Time Studios team announced that it was creating NFTs and an in-game token. Several factors are helping fuel the extravagant hype for the 

 game release. First of all, the game will be free to play. Second, the well-known names of the Big Time Studios development team are setting high expectations. Third, the game offers the innovative combination of a crypto-based action RPG and the ability to earn tokens. To add to the hype, the game’s creators are giving some players early access through special passes, which are limited. Players of 

 will be able to explore different realms of space and time, fight monsters, and customize their SPACE NFTs in the Big Time metaverse.

 is in its pre-alpha phase since the final game hasn’t yet been released. With most blockchain games, the game graphics and transitions in the pre-alpha phase are mediocre. However, 

 is already proving its excellent graphics, which is creating excitement about what the future holds. The visual cues in 

Players can explore freely, even through time, via portals to new worlds and timelines known as Time Collisions. Every player begins with a starting character, which they can choose from six classes:

Once the starting character is chosen, the player cannot change the character class until they find a Pocket Watch, which enables a player to switch characters at any time. 

In addition to the social aspect of the game and its multiplayer structure, people can entice others to join in adventures by inviting them to their own Time Machine areas. Players can customize their Time Machine with special artifacts they collect on their adventures, known as SPACE NFTs. There’s a Discord community for members to interact with one another. Meanwhile, the Big Time NFT marketplace, 

, lets players sell, trade or buy the in-game assets known as Collectibles. 

, it helps to understand its strengths — and what sets it apart from some other 

. Following are some of the noteworthy innovations that make the game worth trying.

 game website, there’s a visual list of characters. The graphics, for both characters and weapons, are unique and add to the appeal of the game. Also, there are photos of characters in different places in the game, which give visitors a taste of what they can expect in terms of high-quality graphics when they play 

. Players with early access have also released some video clips that demonstrate the great quality of the graphics in motion.

 allows gamers to play without having a crypto wallet. Players can trade, sell or buy Big Time NFTs within the game. With this technology, players don’t have to worry about expensive on-chain transactions and fees. And because this technology is patented, Big Time Studios holds a unique competitive advantage.

One glance at the Big Time team is sufficient to set a high bar. As the website states, the Big Time Studios team consists of industry veterans like Electronic Arts, Blizzard Entertainment and Epic Games. Various team members have been vital contributors to many top-rated gaming franchises. Working together, the Big Time Studios team’s goal is to combine everyone's strengths to create a groundbreaking game that changes the standards of gaming. Together, they bring experience in digital art, business, operations, finance, technology and more.

 is its multiplayer setup. Players can group up in teams of up to six people. Because of the game's unique advantages and the ability of players to participate in larger groups, the game's active player base will continue growing.

Some games with special gear or digital assets require players to buy items if they want enough of an advantage to win. Consequently, players who purchase such items may hold an advantage over players who do not invest in them. With 

, players can play for free even if they don’t own any Collectibles. As they level up, they can earn valuable gear to help them in battle or customize their avatars. 

Although there are some other free-to-play NFT games that exist, not all of them are fully free to trade. For example, even though 

(on the Hive blockchain) doesn’t come with transaction gas fees, players who want to trade their assets must purchase a special 

, players can trade digital assets for free — without purchasing anything — to facilitate trading.

 characters aren’t limited to one class. The Timelines that Big Time Studios has developed give players the advantage of leveling up by using the same character across multiple classes. In addition, players can change classes as they wish.

As mentioned earlier, Big Time NFTs are called Collectibles. There are two types: Cosmetic Collectibles, encompassing items that enhance a player's visual aesthetics and decorative elements for their Personal Metaverse; and Utility Collectibles, comprising SPACE NFTs and Hourglasses. 

SPACE NFTs are vital to creating Time Machine areas, which are personal metaverses that can be customized. Meanwhile, players must equip themselves with Hourglasses to earn BIGTIME tokens. Besides the usual Hourglasses, Cracked Hourglasses can also be used to obtain BIGTIME tokens, though these special in-game items do vanish after a period.

 and earn NFTs, they can also opt to purchase them. Players can buy Big Time NFTs in the Open Loot market.

SPACE is one of the most attractive NFTs in 

. As Big Time’s version of virtual land, it’s used to expand the Personal Metaverse in the Time Machine area, connect workshops, place Collectibles for decoration, and for social activities, such as hosting friends. There are a total of 600,000 SPACE NFTs in 

. The creators capped the supply at that amount, so they won’t be creating additional SPACE NFTs in the future.

Although Cosmetic Collectible NFTs come in ten tiers, SPACE comes in five. Also, Cosmetic NFTs include an Uncommon category, but SPACE starts at Rare and moves up from there. These are the five 

 SPACE levels, from rarest to least rare:

In addition, there are different sizes within these classifications. Players can purchase available small, medium or large areas in each of the five categories. Availability is limited. Larger areas with higher rarity tiers are more valuable. For example, a large Exalted SPACE NFT is the rarest, with a max supply of only 2,400. Alternatively, the max supply for a small Rare SPACE NFT is 168,000. In the midpoint is the medium Legendary SPACE NFT, which has a max supply of 36,000. 

SPACE owners have the unique advantage of being able to craft cosmetic NFTs and equipment. They also have the opportunity to earn BIG TIME tokens through acquiring Cracked Hourglasses, and connecting to a workshop that allows them to recharge Hourglasses. 

Many players hope to obtain a larger and rarer SPACE NFT because larger sizes and higher rarity come with the ability to obtain more and better quality Cracked Hourglasses, and consequently to earn more tokens. Additionally, players can connect different sizes and rarities of SPACE NFTs to customize their Time Machine layouts.

 economy. There’s a total supply of 5 billion BIGTIME tokens. BIGTIME is typically earned through game drops and can only be collected when the player is equipped with either an Hourglass or Cracked Hourglass.

Other ways to obtain BIGTIME tokens include trading them on crypto exchanges and through airdrops. BIGTIME has a 

, earmarking 97,500,000 tokens for distribution in the BIGTIME airdrop. These tokens will be awarded for the first three monthly Leaderboard events.

$0.07 on Oct 11, 2023, and reached both its all-time low and high on the very next day (October 12). Its highest price was recorded at $0.33, over 350% higher than its debut price, and its lowest price was $0.015. BIGTIME currently trades at $0.145 (as of Oct 26, 2023).

Price analysts hold mostly optimistic views toward BIGTIME’s value. DigitalCoinPrice 

 of $0.52 for BIGTIME in 2025, which could exceed $1 by 2030 and even hit $1.52. CoinCodex has a relatively 

, predicting BIGTIME's price will hover between $0.50 and $0.60 from 2025 to 2030.

Should You Invest in Big Time NFTs and Tokens?

While there’s risk inherent in all investments, two strengths that 

 has over other GameFi projects are Big Time Studios’ impressive development team and its patented Vault technology. Add that to its quality design and free-to-play and earn structure, and it’s easy to see how it will likely attract many gamers.

While BIGTIME’s rapid price surge on the market may be of concern to certain analysts, its price has remained relatively stable around the $0.15 range. Since the supply of BIGTIME is capped, it may be a good time to invest in the token, particularly since the game is still in its Preseason stage. Once the game officially launches, there’s potential for a significant increase in the BIGTIME token's value.

If you’re a gaming enthusiast, or simply interested in the GameFi space, investing in Big Time’s Collectible NFTs (particularly the limited SPACE NFTs) may also be beneficial, since the value of the NFTs may grow as well. However, do be aware that when trading or selling these NFTs now, transactions in the pre-alpha phase will take time. Players who are expecting instant selling or trading transactions for digital assets in the game may be disappointed until it’s fully launched.

That all said, BIGTIME is still a highly volatile altcoin. Furthermore, the NFT market has been in a slump since the first half of 2023. Hence, before you invest in BIGTIME and its associated NFTs, conducting 

 is imperative in order to mitigate potentially substantial losses.

 allows players to navigate time and space to battle mysterious creatures and earn some attractive assets. Whether interested game enthusiasts want to invest money or not, playing the game will certainly be worth the effort, since 

 is free to play. In addition, players can earn NFTs that may be sold or traded without even connecting a crypto wallet. With the powerhouse team at Big Time Studios, 

 is sure to offer an excellent experience, and may see remarkable growth in the future.

Big Time (BIGTIME): An AAA-Quality Crypto NFT Game

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards