SUI is a renowned crypto project and blockchain network with a market cap of more than $2.2 billion, as of August 15. It rose more than 140% in the latest week. This comes with an on-chain TVL growth of more than 40%, which shows that investors are showing significant interest in its ecosystem and the coins that are part of it. So today, we’ll discuss these coins to inform you about their potential so that you can make the right move at the right time.

The Potential of SUI and Its Ecosystem Coins

SUI has quickly become a promising player in the crypto space, especially with its groundbreaking Layer-1 (L1) technology designed to drive global adoption. The current live price of SUI is around $0.86, but projections suggest strong growth potential, with experts from CoinPedia predicting it could reach $2.00 in 2024 and even soar to $9.94 by 2030.

What sets SUI apart is its focus on scalability and user experience. The project leverages advanced features like ZkLogin to enhance seamless blockchain integrations, which is crucial for the widespread adoption of Web3 technologies. SUI’s recent surge indicates growing confidence in the project, reflecting strong investor interest.

SUI’s ecosystem coins are also poised to grow alongside the main SUI token. This interconnected growth within the SUI ecosystem could fuel further gains across its associated tokens, making it a space to watch in the coming years. Speaking of, here are the main SUI-based coins to know about.

1. Cetus Protocol

Fluctuations in the price of Cetus Protocol

Cetus is a decentralized exchange (DEX) and liquidity protocol built on the Sui and Aptos blockchains. It focuses on providing a superior trading experience through its concentrated liquidity system, which allows users to set custom price ranges. This feature maximizes capital efficiency, benefiting liquidity providers with higher transaction fees and traders with lower slippage.

Cetus’ concentrated liquidity protocol and associated tools offer developers the ability to integrate seamlessly into its ecosystem. The smart contracts and SDKs are openly accessible, enabling easy product creation and efficient liquidity sourcing. The current price of CETUS is around $0.059 with a market cap of more than $18 million.

2. Scallop

Scallop is a money market platform focusing on institutional-grade quality, composability, and security. It offers services including AMM features and self-administration tools on a unified platform.

Scallop provides flexibility by allowing Sui addresses to manage up to five sub-accounts concurrently. This setup eliminates repetitive approvals for transfers, making it easy for users to isolate and manage their positions.

The SCA token can be staked to receive veSCA, unlock governance rights, boost rewards, and distribute fees. The veSCA model reduces token supply, enhancing the platform's stability and longevity. SCA token has a price of around $0.26 and a market cap of more than $11 million at press time.

3. NAVX Token

NAVX offers customizable and versatile solutions with flexible asset support. The platform integrates oracles and features like leveraged vaults and isolated mode, enabling secure listing of new assets while minimizing systemic risks.

NAVX has backing from prominent investors including OKX Ventures, Hashed, Mysten Labs, and Coin98 Ventures. Token holders participate in decentralized governance, influencing the platform’s development. A portion of platform fees is distributed to stakes and the treasury. NAVX token has a price of around $0.055 with a market cap of more than $10 million at the press time.

4. Fud The Pug

Fluctuations in the price of Fud the Pug

Fud the Pug embraces the meme culture by mocking crypto volatility through the image of a pug and FUD (fear, uncertainty, and doubt)-driven market sentiments. Among the finance-based coins, the addition of FUD shows that the SUI ecosystem might also witness a surge in meme coins generation and growth just like we’ve seen in the case of Bitcoin and Solana blockchains this year. FUD tokens have a price of around $0.0(6)23 and a market cap of more than $9 million at press time.

5. Turbos Finance

Fluctuations in the price of Turbos Finance

Turbos aims to be a bridge between Sui ecosystem projects and users. The platform focuses on capital efficiency using a concentrated liquidity model, allowing liquidity providers to manage their asset trading ranges dynamically.

Turbos enhances capital efficiency by concentrating liquidity within specified price ranges. Its streamlined UI/UX and flexible price management tools allow users to adjust to market changes. TURBOS tokens enable governance participation, influencing platform decisions. Users can also stake TURBOS to earn rewards from trading fees, while token holders enjoy discounts on trading fees. TURBOS token has a price of around $0.0015 and a market cap of more than $2.5 million at press time.

6. Suiswap

Suiswap combines a DEX with a Launchpad, offering early token access through SSWP staking. It gives users an edge in securing new tokens. Locked SSWP tokens earn holders a portion of platform revenue. Stakers can vote on platform decisions. Users earn additional SSWP by staking. Unlocked SSWP tokens can also be traded on the blockchain. SSWP token has a price of around $0.00029 with a market cap of more than $2.5 million at the press time.

7. SuiPad

SuiPad is a decentralized launchpad offering IDO opportunities for Sui projects. By partnering with Mysten Labs, it uses a curation process to identify promising projects. SuiPad addresses common issues like token price drops post-IDO through unique features such as the Sui Tank and SuiPad Shield Insurance. Users access higher tiers through the lock multiplier system. A Web3 developer training program covering front-end and back-end technologies. SUIP tokens have a price of around $0.02 and a market cap of almost $2 million at press time.

What’s Next?

You can easily trade SUI ecosystem coins on CoinEx, a reliable cryptocurrency exchange known for its user-friendly interface and broad selection of digital assets. With CoinEx, you’ll gain access to competitive fees, robust security, and a platform that supports emerging ecosystems like SUI. Whether you’re just getting started or are an experienced trader, CoinEx makes it simple for you to take advantage of SUI’s growth potential and explore its promising ecosystem tokens along with many others across the market.

SUI Pumps More than 140%: Here Are Its Ecosystem Coins Which Could Be Next