Binance has expanded its Alpha platform to include support for the SUI blockchain, enabling trading of SUI-based tokens such as $NAVX, $SCA, $PORT3, $BLUE, and $HIPPO. The platform now offers limit order trading for these tokens, with exclusive airdrops planned for active traders within the SUI ecosystem. Backpack, a platform integrated with the SUI network, has launched a $200,000 reward campaign to encourage users to engage in trading, lending, and earning yields on SUI. The campaign includes partnerships with Suilend and NAVI, among others, to enhance user participation. The SUI ecosystem has seen significant growth, with over 8 million net new token holders, and is further bolstered by strategic partnerships such as with 21Shares, aimed at expanding global access and boosting institutional interest. The integration of Bitcoin into the SUI DeFi ecosystem through Bitlayer Labs' Peg-BTC (YBTC) allows Bitcoin holders to participate in staking, lending, and trading on SUI, marking a notable development in the convergence of traditional cryptocurrencies with DeFi. This integration is supported by partnerships with @babylonlabs_io and @Lombard_Finance, with 596 BTC already bridged. Additionally, @suilendprotocol reported $15M in annualized revenue in February 2024.
Sui Ecosystem Accelerates: Key Growth & Tech Milestones • BTCfi on Sui: 596 BTC bridged supported by partnerships with @babylonlabs_io & @Lombard_Finance for native BTC staking and yield. • @suilendprotocol: Lending protocol which reported $15M in annualized revenue (Feb 2024) https://t.co/1GnO5eaeU8
$SUI If price reclaims $4 then expect broader alt market to catch a bid and I'll trade the moment up. Else - deeper corrections imo which is what Im leaning towards and thus providing better buying opportunities to position accordingly later in Q2/3 Current short from near the https://t.co/knNFgHhzjt https://t.co/xKP2k9fkgN
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