Community Call

Recently, the SUI public chain has performed strongly, with the token price rising from $0.76 to $2.16, an increase of 185%. Several ecological projects such as Cetus, NAVI, and Scallop have also performed outstandingly, with a significant rise in ecological lock-up positions. In addition, meme coins in the SUI ecosystem such as HIPPO, AAA, and BLUB have also attracted follow.

Steadfast Belief After the Security Crisis: Why SUI Still Has Long-Term Rise Potential? 1. A chain reaction triggered by an attack On May 22, 2023, the leading AMM protocol Cetus deployed on the SUI network suffered a hacker attack. The attacker exploited a logical vulnerability related to an "integer overflow issue" to launch a precise manipulation, resulting in losses of over $200 million in assets. This incident is not only one of the largest security incidents in the DeFi sector so far this year but also the most destructive hacker attack since the launch of the SUI mainnet. According to DefiLlama data, the total TVL of the SUI chain plummeted by over $330 million on the day of the attack, with the locked amount of the Cetus protocol evaporating by 84% in an instant, dropping to $38 million. As a result, several popular tokens on SUI (including Lofi, Sudeng, Squi

The HIP Token will be available for trading tonight at 7 PM, and users can claim it through the Hippo Dash app. The claiming process includes checking the package, visiting the website, unveiling the package, and completing the withdrawal. Additionally, Gameta plans to expand its ecosystem, innovate Web3 assets, launch the HIP Token, and release new products in 2024, committed to enhancing user experience.

The PFP NFT market has suffered a heavy blow, and Gameta is committed to attracting ordinary users through hyper-casual games, promoting the practical application and widespread adoption of NFTs. Its strategy is to start from grassroots users, seamlessly connect with Web2 users, create a broad platform, enhance the practical value of NFTs, and promote the arrival of the NFT 2.0 era.

SUI has recently seen a significant rise in market capitalization, successfully jumping into the top 20. This blockchain attracts various applications with its high throughput and instant settlement features, with ecosystem projects covering Decentralized Finance, Wallet, and gaming. Despite facing market competition and issues with application transparency, technological innovation and team strength add confidence to its prospects.