7 Potential Protocols Worth Following in the Sui Ecosystem

In the cryptocurrency space, early positioning is often key to obtaining substantial returns. Sui, as an innovative Layer 1 blockchain platform, is attracting more and more users and developers with its parallel processing capabilities and the advantages of the Move programming language.

Recently, the price of SUI tokens has seen a significant increase, with a rise of over 10% in 24 hours. At the same time, the total locked value of the Sui ecosystem, (TVL), is also continuously climbing, reflecting the growing confidence of the market in the platform.

Currently, there are multiple protocols in the Sui ecosystem that have not yet issued tokens, providing potential opportunities for early participants. Here are 7 promising protocols worth following and their interaction strategies:

1. Haedal Protocol This is a liquidity staking protocol based on Sui that allows users to participate in network governance by staking SUI. The protocol has confirmed that it will issue tokens. Users can obtain haSUI tokens by staking SUI.

2. Volo Volo is another liquid staking solution aimed at maximizing the utility and liquidity of SUI tokens. The protocol has also confirmed that it will issue tokens. Users can stake SUI to obtain vSUI tokens.

3. Scallop As the first officially funded DeFi lending protocol on Sui, Scallop is currently running its second airdrop campaign. Users can participate by providing and borrowing tokens, as well as completing specific tasks.

4. NAVI Protocol NAVI is a lending protocol with a points system used to generate NAVI tokens. Users can earn points by providing liquidity, lending, and completing tasks.

5. BlueFin BlueFin is a rapidly developing decentralized perpetual trading protocol within the Sui ecosystem. Users can pre-mine BLUE tokens by trading on the platform and inviting friends. The project has received investments from several well-known institutions.

6. KriyaDEX KriyaDEX offers a variety of DeFi services ranging from lending to perpetual trading. Users can participate in its "Chakra" activities by trading, providing liquidity, and completing tasks, with the opportunity to earn KRIYA tokens.

7. Bucket Protocol This is a CDP protocol based on Sui, aimed at improving capital efficiency and stabilizing stablecoin prices. Users can participate by borrowing BUCK, providing liquidity, and staking LP tokens.

It is important to note that when participating in these protocols, it is recommended to invest at least 100 SUI for each project to ensure sufficient interaction depth. At the same time, using the tokens obtained from liquidity staking protocols to participate in other DeFi projects can help users interact with multiple protocols simultaneously, increasing the chances of potential airdrops.

With the launch of the Sui Network mainnet and the continuous development of the community ecosystem, these early layout opportunities may yield considerable returns. However, the cryptocurrency market is highly risky, and investors should proceed with caution, fully understanding the associated risks before making decisions.