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

PUMLx is the latest extension of PUML Better Health, used to reward PUML users for their efforts in participating in challenges. Find out more in this article.

PUMLx_Tokenomics.png

 (M2E) is one of the most exciting recent technological innovations. It promotes a healthful lifestyle while giving people the opportunity to earn free crypto. 

 has been promoting M2E in the wellness space since 2018, when founder 

 first published a white paper on incentivized health and the importance of owning your own data. 

Fast-forward to 2022: From LVMH luxury goods to Deloitte professional services network, PUML Better Health has signed some of the world's largest corporate clients to improve corporate wellness with a web2-to-web3 angle in the B2B space. Now, they’ve decided to introduce 

 as part of their expansion plan into consumer health, sports and gaming.

is expanding on M2E with Live to Earn, the future of preventive health in which steps, meditation, sleep and living a healthy lifestyle all contribute to a better life. Read on to learn everything you need to know about PUMLx and what it offers — and how you can start your journey to improve your health and wealth. 

PUML Better Health is an Australian web3 company with a strong focus on sports, fitness and wellness. It’s recently decided to expand its operations into the consumer health, sports and gaming space to incentivize more users to improve both their physical and mental health with game-like challenges on their PUML app.

PUML has lowered the barrier to entry into their M2E program by allowing any user to earn free PUML tokens — which can then be converted into PUMLx tokens — without first having to purchase an NFT. In simple terms, any user who registers for an account on the PUML app can start earning immediately. No wearables are required for users to start tracking their activities, though they can choose to pair their fitness devices for easier monitoring. All major wearable brands can be connected to the PUML ecosystem.

All of the challenges offered by the PUML ecosystem are meant to help users eventually build healthful habits — and continue them for the long run.

 in a few different ways. The first is move-to-earn, or M2E, featuring in-app challenges and classes, and taking steps to accumulate PUML tokens. Some of the challenges include doing stretching exercises, getting enough quality sleep, and taking some time to meditate and clear your mind. It can also be as simple as just hydrating. Joining these challenges entitles you to win an NFT, so if you’d like to increase your chances of winning, we recommend choosing to participate in more challenges.

Another way to earn is by staking your NFTs or PUMLx tokens in the staking pool, which entitles you to as much as 250% APR in the first year. It’s important to note that early adopters are entitled to a larger amount of staking rewards than those who join later. In other words, the rewards given will depreciate over time as more users join the staking pool, in order to maintain and even increase the value of PUMLx tokens and NFTs over time. 

Users can also earn fees of up to 0.3% by granting liquidity to liquidity pools on PUML’s selected 

PUML is collaborating with well-known Australian athletes to launch a collection of NFTs that represent each of them. You can use these collectible 

 to earn attractive rewards, such as gaining access to events, meeting athletes, and more. Athletes are also entitled to a guaranteed 10% secondary sales royalty for every NFT that’s purchased by a user. The purpose behind all of this is to support elite athletes — and to give credit where it's due. 

 Collection is made up of 600 NFTs, featuring six different Australian female athletes. Holders of this collection have access to a wide variety of exciting rewards, such as a PUML Premium worth $59.99 a year, discounts on the PUML NFT Marketplace, an increase in earned rewards, free mint access to future NFT drops, and bonus PUML tokens earned daily from staking. 

, which comprises 300 NFTs of six different Australian female athletes, and 

, which comprises 9,999 NFTs of Olympic athletes.

Users can look forward to the upcoming release of 

, with an initial supply of 5,000 in the first launch. Each one will be priced at 0.05 

. They’re a great way for users to personalize their avatars in the metaverse. 

At the same time, each Digital Wearable has its own set of utilities that play a role in the gamification of the app. These utilities will give you a boost when it comes to earning rewards: The better your stats, the more rewards you’ll receive once you complete in-app challenges, classes and steps. For example, each watch type has a maximum number of steps that can be exchanged for PUML tokens in a day. There are six tiers, with the lowest able to claim up to 5,000 steps per day, and the highest tier able to claim up to 20,000.

 is where users can purchase, sell and auction their NFTs with either PUMLx tokens or fiat currency. Rest assured that the collections featured on the PUML NFT Marketplace are all verified and sourced directly from athletes, sports clubs and teams, as well as fitness influencers.

A trading fee is included in the purchase and sale of NFTs. However, 2.7% of the total trading fees collected are redistributed to users who stake their PUMLx tokens and NFTs.

 where you can use your Metalympics NFTs to participate in competitions against other users. You’ll also be able to take part in VR challenges and games, creating an immersive experience to help you stay active.

 token by participating in various activities within the PUML ecosystem. PUML is the platform’s in-app token. Specifically, you earn PUML rewards when you enter Corporate and Brand challenges, or complete daily tasks, such as meditation or achieving a certain number of steps. This creates a reward cycle, since PUML can be swapped for PUMLx to purchase Digital Wearable NFTs and Athlete NFTs.

, built on the ERC-20 standard, is the main platform token of PUML. You can earn PUMLx by staking, selling NFTs, or by purchasing them through Bybit. 

As the platform’s primary utility token, PUMLx can be used in the following areas:

Now that you know more about the basics of PUML, let’s explore its 

. There’s a total supply of 500 million PUMLx tokens, with 30% reserved for in-app gamification, 25% to the ecosystem reserve, 10% to the founders and team, 13% to marketing and partnerships, 17% to token sale and 5% to the project’s advisors. 

In case you’re concerned about inflationary pressure on the value of PUMLx tokens, you’ll be glad to know that PUML offers a staking portal with APYs that will depreciate over time, along with the increase in size of the staking pool. This will help ensure that the PUMLx token increases in value as more users join the ecosystem and stake PUMLx tokens for rewards. Of course, there are also various types of token utilities for the PUMLx token to help it remain valuable in the long run.

Ready to start earning profits from simply creating healthy habits like walking, meditating and improving your wellness? You can start investing today at 

, where 7.2 million PUMLx tokens can be earned through committing 

The latest expansion of the PUML ecosystem to include PUMLx tokens is a winning strategy because it motivates people to chase a healthier lifestyle in a way that’s fun. Users can look forward to participating in challenges that incentivize long-term exercises, as well as joining a community of like-minded individuals with health and finance as goals. Moreover, fitness junkies have an effective platform to challenge their friends and/or loved ones in completing health and wellness activities, while investors will be satisfied with PUMLx’s utilities and value. 

What sets PUML apart from other M2E projects is its long-term goal of incentivizing healthful behaviors — not just physical health, but mental health as well. This is why PUML doesn’t simply motivate users to be active and take steps, but also to meditate regularly to improve their well-being. 

With this goal in mind, the PUML team will continue to innovate, inspiring its users to choose a healthier lifestyle. Additionally, the launch of its own metaverse game will offer users the chance to join in-game competitions. With so many thrilling concepts in its 

, there’s little doubt that PUML will continue to prosper in the months to come. Now is a great time for investors to get in early and earn daily rewards. 

PUML is unlike any other M2E platform out there, as it focuses more on the overall well-being of each individual, instead of just physical health. Furthermore, the PUML ecosystem’s PUMLx tokens seem to be a favorable long-term addition to any crypto portfolio. The project’s future looks promising, especially as its team continues to innovate more activities that give users the chance to earn.

clearly has potential, and we’re excited to follow their evolving, innovative offerings.

PUMLx: Powering Up Your Health Journey With Move-to-Earn

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards