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

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Pixels is a gaming platform that combines gaming and blockchain technology. Players farm land, build skills and craft items. Learn more about how it works here.

Skinny_Banner-1600x400.webp

 systems where people can play games while earning real-life rewards. However, it can be hard to find a balance between engaging gameplay and profitable economics. Pixels hopes to offer users an immersive, interactive experience with some attractive cryptocurrency and 

 rewards. How does their system work — and should you give it a try? Explore our guide to Pixels to learn more.

 is a gaming platform that combines gaming and blockchain technology. Players farm land, build skills and craft items. In addition to gathering resources, players are encouraged to complete challenging tasks, talk with others and sell resources.

The Pixels journey began with its founding by Luke Barwikowski in 2020. After previously working on several other independent apps, Barwikowski decided to create a team that shared his passion for 

 includes developers who formerly worked at Ubisoft, Unibit Software, GameHouse, Honeybee and other gaming and software companies.

Barwikowski's goal was to create the web3 version of Zynga. He was inspired by Zynga's ability to connect gamers with a set of entertaining games, created in a defined gaming universe. Pixels hopes to take a similar model and update it with modern technology.

Pixels' design and community are built around 

Pixels’ metaverse gaming platform runs on an 

. Players create blockchain-linked accounts that store their digital assets and player characteristics. Pixels doesn’t own these accounts, so digital collectibles that players earn or build in the game are their legal property, tied to their crypto wallet.

These player accounts can move between worlds in 

. Each world is its own individual gaming system, filled with things like completing challenging tasks or gathering resources. In addition to the main 

 game, the platform allows other developers to design their own projects for people in the gaming community to play. Not all in-game items are useful in different worlds, but players retain ownership and possession of their assets at all times.

The Pixels Universe is an immersive experience in which users can take part in a variety of gaming and community engagement opportunities. Here are some ways you can progress in the game and become a part of the Pixels gaming community.

Progress in the game is allowed to proceed at each user's desired space. People start with farm land that they can use for resource generation. Over time, they’re invited to take part in quests and start exploring the expansive universe. They can obtain in-game currency by selling resources or performing challenging tasks, and then use their tokens to buy items in the game.

Pixels is committed to creativity and freedom, and users are encouraged to customize their plots of land and personalize their space. In the future, gameplay may include 

Pixels has a complex economic system that involves a blend of land, resources and tokens. All players start with free land, and can rent more if they want to. They can then use it to generate resources that can be further crafted to natively integrate digital collectibles into the game. 

To help manage all the in-game items, Pixels uses two types of tokens built on the Ronin network. BERRY is the easiest in-game currency to acquire, used for things like buying land and purchasing store items. Meanwhile, PIXEL is the premium in-game currency. It’s harder to acquire, but you can use it for higher-tier actions like unlocking skins and minting new land.

Pixels stands for a new type of blockchain gaming, and aims to natively integrate digital collectibles into the game. People who want to work with the Pixels Universe can choose to incorporate their own NFT lands into the Pixels ecosystem. This interoperability allows Pixels to support a variety of exciting NFT collections without any compatibility issues during the generation of resources.

In the past four years, Pixels has designed and released a full gaming system built on the Ronin network. Their next priorities are creating both a 

 for their project, and finalizing the mass market release of their game. Later versions of the game will have Pixels pets, new and challenging tasks, and other fun additions.

Pixels’ journey also includes long-term plans to make their expansive universe more accessible, entertaining and equitable. In order to achieve these goals, they hope to release a mobile version of their game, simplify avatar minting and create more game mechanics. There are also plans to eventually create an open-source code so developers can easily access the game's code and make their own variants of the 

As mentioned, PIXEL is the premium in-game currency for 

. It can be used to buy items through the in-game store and to make certain actions more efficient. PIXEL has a total supply of 5 billion. The initial circulating supply was 771 million, and 100,000 new PIXEL tokens are minted each day as user rewards. When users spend PIXEL tokens at the in-game store, the tokens are sent to a treasury, where the majority are 

All signs point toward some future price increases for the PIXEL token. The coin has received a lot of positive attention, and crypto enthusiasts report 

 on PIXEL overall. In addition to hype driving up its price, market trends also indicate an upward swing. After an initial price spike and drop common with most startups, PIXEL prices seem to be stabilizing and gradually trending upwards.

The current price of PIXEL is $0.58. Analysts from DigitalCoinPrice believe that PIXEL’s price 

 by the end of 2024, $2.48 by 2027 and $4.01 by 2030.

Looking to trade Pixels tokens? Bybit now offers PIXELUSDT Perpetual contracts for trading. To get started, you’ll first need to 

, fund it with cryptocurrency and navigate to the 

When it was launched on Feb 19, 2024, PIXEL attracted a lot of attention. The Pixels token managed to achieve a trading volume of $1.2 billion, and for a short time, it was the 

. This robust trading activity has begun to calm down a little, and PIXEL is no longer at its all-time high of $0.6887.

However, PIXEL remains an intriguing investment opportunity. With plenty of community engagement, it’s managed to attract a lot of attention in the crypto universe. If you want a promising gaming coin to add to your portfolio, PIXEL might be a smart choice. When it’s released on more exchanges and launches new games, there are likely to be future price spikes.

Just keep in mind that this is a fairly new project, without a lot of pricing history, and its tokenomics could lead to some inflation. To avoid unpleasant surprises, you'll need to be cautious and avoid buying more PIXEL than you can afford.

The Pixels universe of games has managed to capture a lot of attention from both gamers and crypto investors. This decentralized gaming system uses blockchain technology to empower users and turn game assets into NFTs. Ultimately, its ability to provide a fun environment and attract a large number of users could lead to big things for the PIXEL token.

Pixels (PIXEL): Introducing a New Type of Social Web3 Gameplay

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards