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

Explainers

Blur is a marketplace and NFT market aggregator offering advanced analytics, portfolio management features and the ability to compare NFTs on marketplaces. 

 Crypto is leading the charge with its unique, trader-focused marketplace. Designed to cater to the needs of professional NFT traders, Blur offers an impressive array of features and a competitive fee structure that sets it apart from other marketplaces. Let’s explore what is Blur Crypto, the go-to platform for NFT enthusiasts!

Blur Crypto is a decentralized NFT marketplace designed for professional traders, offering unique capabilities, flexible creator royalties, and an advantageous fee structure. The platform’s growth has been remarkable, establishing itself as a leading option in the NFT sector. With a user-friendly UI, low fees, and increased liquidity for NFTs, Blur NFT Marketplace sets itself apart as the ideal platform for professional NFT traders, thanks to the efforts of the blur team.

Blur rewards its users by giving blur rewards to traders who sell NFTs, distributed via airdrops. The initial airdrop targeted those who traded NFTs in the previous six months, with care packages of varying 

 tiers distributed according to their trade value. For eligibility in the second airdrop, users were required to list a minimum of one NFT on Blur by November 2, 2022. This provided them with an opportunity to gain extra rewards from the platform.

As of today, Blur NFT Marketplace has reached a traded volume of $1.4 billion, demonstrating the platform’s popularity among the NFT trading community.

The founders of Blur Crypto, such as PacmanBlur, opted for anonymity, preferring their work to represent them. The project features key figures such as Tieshun Roquerre, known as ‘

’ online, whose online pseudonym and the project’s name often lead to him being referred to as “just a blur”.

Currently, Blur Crypto has a market capitalization of $238.89 million, indicative of its escalating popularity among the NFT trading community. The blur team’s dedication to developing and improving the platform has contributed to its impressive growth and strong market position.

Key features of Blur NFT Marketplace include:

Fast swapping enables users to quickly and conveniently exchange NFTs with other users on the platform without incurring any trading fees, providing instant liquidity and a seamless trading experience.

Blur NFT Marketplace distinguishes itself from competitors through its unique features:

BLUR, an Ethereum-based token, serves as the native token for the NFT marketplace, playing a significant role in enabling NFT sales and transactions on the platform. The tokenomics of BLUR tokens ensure an equitable distribution of tokens, with the following allocations:

360 million BLUR tokens, equating to 12% of the total token supply, are allocated to the community treasury. These tokens can be used by NFT traders, historical users of Blur and creators. BLUR token ownership allows traders to participate in the Blur marketplace governance and benefit from its success via collective ownership.

39% of the BLUR supply will be distributed by the community treasury for contributor grants, community initiatives, and incentive programs. 10% of this supply will go towards future releases of incentives. BLUR tokens are expected to be accessible within a timeframe of 4 to 5 years.

BLUR tokens can be acquired via airdrops, marketplace participation, or buying them on major crypto exchanges such as Coinbase, Kraken, and Uniswap. The $BLUR token airdrop is a reward program designed to incentivize users for engaging with the Blur platform. Users can earn $BLUR tokens by buying, selling, and listing NFTs. These tokens, launched on February 14th, were distributed through airdrops to traders who utilized the marketplace in the three months prior.

BLUR tokens are accessible on a range of renowned crypto exchanges, such as:

This makes them readily available to purchase and store securely. The security level of the Blur marketplace is on par with that of your crypto wallet, ensuring a safe trading environment for users.

The integration of Blur Wallet allows users to manage their BLUR assets on platforms like Atomic Wallet, simplifying transactions and swaps. Blur Wallet is compatible not only with Atomic Wallet but also with MyEtherWallet and other ERC20 wallets.

Linking Blur Wallet with platforms such as Atomic Wallet brings several benefits, including a wide range of cryptocurrencies, a decentralized platform, reliable data aggregation, and seamless integration with decentralized applications. However, potential challenges and issues associated with integrating Blur Wallet include the risk of wallet compromise and loss of funds during transaction approval and on-chain interactions with third-party applications.

Comparing Blur with Other NFT Marketplaces

A comparison of Blur with other NFT marketplaces emphasizes its distinctive features, competitive fee structure, and significant growth, positioning it as a strong contender in the NFT arena.

Blur Crypto distinguishes itself from other NFT marketplaces through several unique features, including:

 caters better to retail buyers and those using blockchains different from Ethereum. Despite these differences, Blur has rapidly emerged as the leading trading platform for NFTs, outpacing OpenSea in terms of trading volume.

Regarding fees, Blur Crypto does not charge any transaction fees, unlike OpenSea and Rarible, which both have associated fees. OpenSea has a flat 2.5% fee for sales, while Rarible charges a 2.5% fee per transaction.

The roadmap for Blur Crypto includes continued development, mobile support, and performance optimization to guarantee its ongoing success in the NFT market. The Blur improvement proposal titled ‘Blur Fee Switch Discussion’ outlines plans to activate the Blur marketplace fee switch in the near future.

Blur Crypto has also implemented mobile support, enabling users to access the marketplace and view/place bids from their mobile devices. This mobile support further solidifies Blur’s commitment to providing a seamless and convenient trading experience for its users, contributing to blur marketplace growth.

Using Blur Crypto offers advantages such as a user-friendly interface, adjustable 

, and robust community governance, making it a desirable choice for NFT traders. The platform allows users to set their own royalty rates when purchasing NFTs, ensuring creators are fairly compensated according to the rates they select.

Community governance is at the core of Blur Crypto, with BLUR token holders having the power to vote on platform decisions and shape its future direction. This decentralized approach to governance promotes trust, transparency, and engagement, further enhancing the appeal of Blur Crypto for NFT traders.

NFT collections are listed on Blur through requests via the Discord channel, guaranteeing a curated assortment of premium NFTs on the platform. Creators can join the project’s Discord channel and post their requests in the #feedback room, including the details of the collection they would like to list.

The curated selection of high-quality NFTs on Blur allows the platform to maintain an impressive assortment of top-notch NFTs, attracting both buyers and sellers to the marketplace.

Risks and Challenges in Investing in BLUR Tokens

Investing in BLUR tokens carries risks and challenges such as market volatility, regulatory shifts, and potential competition from other NFT marketplaces. The market volatility for BLUR Tokens is considered high, with significant fluctuations in the token’s value, including drops of up to 90% and increases of up to 33%.

Regulatory changes in the cryptocurrency world have also had an effect on BLUR Tokens. The regulatory landscape for cryptocurrencies is still evolving, and modifications to regulations could have an effect on the BLUR Token and the DeFi industry.

In addition to market volatility and regulatory changes, potential competition from other NFT marketplaces could pose challenges for the continued success of Blur Crypto. Some of these competitors include:

Community involvement and governance play a significant role in Blur Crypto, with BLUR token holders having the authority to influence platform decisions and direct its future. The weighted approach to voting rights ensures that those who stake more tokens have a greater influence in the decision-making process, promoting decentralization, community engagement, and allowing token holders to earn rewards and access exclusive features.

Examples of decisions made through community voting include introducing new features, altering the platform’s fee structure, and selecting new NFT collections to be listed on the marketplace. This governance structure fosters a sense of ownership and involvement, contributing to the overall success of the Blur Crypto platform.

In conclusion, Blur Crypto has emerged as a leading NFT marketplace tailored for professional traders, offering unique features, a competitive fee structure, and strong community governance. With ongoing development, mobile support, and a commitment to providing a seamless trading experience, Blur Crypto is poised to continue its impressive growth in the NFT market. #Bybit  #CryptoArk

Based on historical data and the fact that Blur had 57% green days in the past 30 days, investing in Blur may not be profitable at this moment.

You can earn and trade BLUR tokens on cryptocurrency exchanges to pay for transaction fees on the Blur platform or to stake and earn rewards. Support the Blur platform's development and help make it the leading NFT marketplace in the world.

Blur token is currently worth $0.370793 USD, with a 24-hour trading volume of $376,930,961 and a market capitalization of $392,328,789. It has seen a 26.25% increase in price in the last 24 hours.

Blur does not charge any fees, making it a great choice for professional NFT traders.

Blur Crypto is a professional trading marketplace for decentralized NFTs with adjustable creator royalties, fees, and distinct capabilities.

What Is Blur Crypto? The Comprehensive Guide to Understanding and Investing in Blur Tokens

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards