SUI has been listed on OKCoin Japn
Sui Network announced on social media that SUI token has been officially listed on the Japanese cryptocurrency exchange OKCoin Japan. It is reported that the relevant deposit and withdrawal operations will start on October 20th, and the exchange-related services will be provided starting from October 25th.
In the Past Three Months, Sui Network’s TVL Increased by 341%
DeFi activity on the Sui network has seen amazing growth in the past three months, with a 341% increase in total locked value (TVL) and a 229% increase in trading volume. From July 17th to October 17th of this year, TVL increased from $13.08 million to $57.69 million, a 341% increase. The growth in DeFi activity was even stronger, with daily activity in DeFi reaching $1.77 million and $5.84 million on July 16th and October 16th respectively. These numbers indicate a 229% increase in trading volume.
SUI Foundation Issued a Document Responding to the Circulation Controversy and Refuting the Accusations of Regulatory Agencies
October 18th, the SUI Foundation responded to the questioning of the South Korean financial regulatory agency on its social media platform, emphasizing that it has always been committed to full cooperation with the Korean Digital Asset Exchange Association (DAXA) and its members to maintain complete compliance and transparency.
South Korean regulators will investigate Sui to determine whether it is a scam
The main regulator of the Korean Financial Supervisory Service recently stated that they will investigate Sui to determine if it is a scam.
The regulatory agency stated: "The sharp drop in the price of SUI tokens is mainly due to their false reporting of circulation, but they have not addressed this issue. Since its listing, the token price has fallen by more than 67%. The issuer Sui Foundation obtained personal benefits by depositing frozen funds and then selling to increase circulation."
The Sui Foundation Announced Its Grants List, Funding a Total of Approximately US$1.06 Million to 15 Projects
On October 17th, Sui Foundation announced its Grants list, with a total of 15 projects receiving $1.06 million in funding, covering products and services in the gaming, DeFi, business, tools, and other core areas, to build projects that promote the adoption and development of Sui. Projects that receive grants must submit a proposal detailing the content they are building, project budget, key milestones, team experience, and expected contributions to the Sui community.
Sui Network: The Cumulative Transaction Volume of DEX Protocol Cetus Protocol Exceeded US$500 Million
Sui Network disclosed data on social media, showing that the decentralized trading platform and centralized liquidity protocol Cetus Protocol, which focuses on the Move ecosystem (including Sui and Aptos), had a cumulative transaction volume of over $520 million in the third quarter, with a total user base of over 861,000, a total lock-up volume of over $13 million, and a peak daily trading volume of $8 million.
Mysten Labs launches DApp Kit, a one-stop development toolkit for building React applications on Sui
According to official sources, Sui development company Mysten Labs has launched DApp Kit. DApp Kit is a one-stop solution for building React applications and DApps on Sui. Users can use DApp Kit to simplify tasks such as connecting wallets, signing transactions, and accessing data.
Sui Network Plans to Allocate an Additional 40 Million SUI From Market Makers for Ecological Development
Sui Network stated on social media, "On top of the 117 million SUI announced last week, we will allocate an additional 40 million SUI from external market makers for ecosystem and community development." Previously reported, the Sui Foundation plans to reallocate 117 million SUI, with the newly redistributed resources aimed at supporting Sui's thriving ecosystem, including providing grants to developers.
