Sui Ecosystem Guide 📒

Launched in May 2023, the Sui ecosystem consists of applications integrated into the network, conducting their operations by leveraging the capabilities of the network. The Sui blockchain supports applications in various domains such as decentralized finance, gaming, NFTs, providing developers and users with faster and more cost-effective transactions. Projects developing decentralized solutions in these areas aim to offer valuable use cases to users by utilizing the opportunities provided by the network.

Since its inception, developers have continued to integrate decentralized applications into the Sui ecosystem. On May 7, 2023, just four days after the mainnet launch, the Sui network reached a record Total Value Locked (TVL) of $36 million. Among the decentralized finance applications on the network, over $25 million in locked assets is shared.
The diverse support provided by Sui to various applications has contributed to the growth of its ecosystem. Currently, the ecosystem hosts 85 projects, including DeFi, gaming, NFTs, and other useful applications.

🔹DeFi

Cetus Protocol (@CetusProtocol)

Cetus Protocol is a multi-chain decentralized exchange built on the Sui and Aptos networks, offering users opportunities for decentralized asset exchange and liquidity mining.
Cetus's adaptation of the Automatic Market Maker (AMM), known as the Concentrated Liquidity Market Maker (CLMM), allows liquidity providers to offer liquidity within specified price ranges. Unlike traditional AMMs, where users commit assets to the liquidity pool and manage protocol asset accessibility and price levels, CLMM has variable token availability at different price points. According to the Cetus protocol, this approach provides a robust and flexible foundational liquidity network that facilitates trading for all users and assets.
Cetus also operates a launch platform where new projects on the Sui network can organize token offering events and launch their projects with the support of the Cetus Protocol. The official token of the network, CETUS, is used to run project incentive and governance programs. Liquidity providers in the protocol receive CETUS as part of their rewards. CETUS holders can also lock their tokens to receive xCETUS, used in the governance portal to vote on improvement proposals. CETUS is traded on centralized exchanges (including Kucoin and Mexc) and decentralized exchanges on the Sui network.

NAVI Protocol (@navi_protocol)

Described as the first Native Single-Stop Liquidity Protocol on the Sui network, NAVI is a decentralized money market that allows users to borrow assets without the need for intermediaries.
NAVI brings lenders and borrowers together through an extra-collateralized lending protocol. Borrowers commit funds as collateral, pledging an amount higher than what they wish to borrow, and pay interest set by the protocol. Lenders commit assets and earn interest. NAVI includes a liquidation algorithm that involves liquidators who accept the cost of defaulted loans to keep the credit protocol 'healthy.'
NAVI Protocol also operates a bridge supported by Wormhole. Users can communicate with other networks and transfer assets seamlessly through the bridge. The native token of the protocol, NAVI, is used in NAVI project governance. NAVI holders can vote on various aspects of the project, including determining interest rates, adding new assets, and changing collateralization ratios. They also enjoy additional benefits, including discounts on fees and participation in staking programs.

Kriya DEX (@KriyaDEX)

Kriya DEX is the third-largest DeFi project on the Sui network by TVL. It hosts a range of DeFi products focusing on aggregating liquidity, increasing capital efficiency, and providing a seamless user experience for institutions and individual users.
Kriya DEX is a decentralized perpetual and options trading platform. Derivative traders can engage in leveraged trading through the decentralized perpetual trading platform. Currently, trading is conducted for four perpetual pairs on the Sui mainnet, supporting 20x leverage.
Supported by the Wormhole bridge, Kriya bridge facilitates users in communicating with external networks and offers decentralized swap services for instant exchange of assets on the Sui blockchain. Through its OTC service, Kriya enables users to negotiate and execute large sales without significant impact on the order book. Users can host their assets on the OTC platform, and interested traders submit offers.
According to the roadmap, the native token KRIYA will be used to operate Kriya DAO, return value to owners through buybacks and revenue distribution, and grow the financing of the Kriya project.

Aftermath Finance (@AftermathFi)

Aftermath is a decentralized exchange on the Sui network. With over 2 million dollars locked in crypto assets on the platform, it is the fourth-largest DeFi platform on the Sui blockchain.
Aftermath Finance has a bridge supported by Wormhole and Celer. Users can use the bridge to transfer assets smoothly and securely between more than six blockchain networks. The AMM-backed DEX of Finance allows users to swap their assets.
The Aftermath platform benefits liquidity providers through fees collected from users. Additionally, it promises high extra rewards to liquidity providers through its yield farming program.

🕹️GameFi

Decentralized games are also being developed in the ecosystem. Some notable GameFi projects include:

SUI 8192

Developed by Ethos, the SUI 8192 is a puzzle game. The game has contributed to the increased usage of the Sui network in the last weeks of July 2023. The design and gameplay of SUI 8192 are inspired by the browser-based puzzle game 2048, popular in 2014. Players try to reach the number 8192 by combining tiles.
Each move represents a transaction on the Sui network, and players pay a fee to move the tiles. The game utilizes NFT technology to track and record player progress. It creates an NFT for each significant checkpoint or milestone.
SUI 8192 is open to everyone on the Sui network, and participation is free, but there are age restrictions. The game is regulated by administrators who reserve the right to disqualify entries based on specific rules, withhold rewards from winners, or cancel an event. Rewards for winners are distributed in SUI tokens. Winners must claim their rewards within 48 hours, and rewards must be claimed within 3 business days; otherwise, the rights may be forfeited.

Grand Cross: MetaWorld (@GrandCross)

Netmarble, South Korea's largest mobile game company, aims to bring the metaverse game Grand Cross: Metaworld to the Sui network through its subsidiary Netmarble F&C. The $11 billion game company aims to provide easy access for those who want to become V-tubers through a partnership with Mysten Labs.
The partnership with Mysten Labs will allow Netmarble to leverage the cost, efficiency, and security advantages promised by the Sui blockchain. Netmarble aims to distribute Grand Cross on the network and provide an impressive experience for V-tubers on the Sui network. The main reason for their partnership is stated as the 'fantastic infrastructure' provided by the Sui network.
Grand Cross: Metaworld is a metaverse game where players can create and manage their spaces, and thousands of users can gather in virtual cities. The game will have 4k anime-style graphics and will use decentralized technologies such as NFTs to enhance and store game elements such as user characters and costumes.
V-tubers can benefit from optimized tools provided by Netmarble for efficiency, cost savings, and adaptability to the environment. The full launch of Grand Cross is planned for the last quarter of 2023.

🕹️Blockchain Bridges

Bridges facilitate cross-network and protocol communication. Bridges in the Sui ecosystem allow users from other networks to transfer their assets to Sui and manage asset movement in the reverse direction.

Wormhole (@wormholecrypto)

Wormhole is a message transmission protocol that enables communication between blockchain networks, allowing external networks to utilize their resources. Integrated into the Sui network, Wormhole allows independent applications on the Sui network to develop asset bridges using the wormhole SD kit. Some of these applications include DeFi protocols like Kriya DEX and NAVI Protocol. Projects can create asset bridges in a few minutes with minimal technical requirements.
Wormhole has integrated many other blockchain networks, including EVM networks like Aptos, Algorand, Solana, Fantom, and Polygon, and Layer 2 networks like Optimism.

🔹Wallet

Ethos (@EthosWalletXYZ)

Ethos, a wallet provider for the Sui network, is also the owner of the project behind the SUI 8192 game and two other boxed games distributed on the Sui network. The Ethos wallet allows Sui network users to connect to the network, perform private and routine activities, and manage their assets on the network.
The Ethos wallet comes in the form of browser extensions available for Chrome, Edge, and Firefox browsers. It is a full-fledged Web3 wallet; users can connect to decentralized applications in the Sui ecosystem using Ethos wallets.
Ethos provides users with a highly customizable wallet interface and ensures secure and seamless connectivity to the network's DApps. The project has also announced the development of a mobile version of the wallet.