Intro guide: Sui Ecosystem
đź’§Sui stands out as the inaugural Layer 1 blockchain solution that operates without permission and is specifically crafted to facilitate the creation and advancement of diverse skill levels in the realm of launching groundbreaking cryptocurrency solutions for a global user base numbering in the billions. A standout characteristic of Sui is its horizontal scalability, empowering the cost-effective development of decentralized applications (dApps).
🔎To date, Sui has secured $36 million in Series A funding, spearheaded by more than a dozen industry leaders, with prominent contributors such as Andreessen Horowitz, Redpoint, Lightspeed, Coinbase Ventures, Electric Capital, Samsung Next, Slow Ventures, Standard Crypto, NFX, and Scribble.
đź’°In its latest financial milestone, the Sui blockchain has successfully concluded its Series B funding round, amassing $300 million in investments. Notable backers in this round include Binance Labs, FTX Ventures (this allocation was bought back by Mysten Labs), Jump Crypto, Circle Ventures, and a16z.
That’s why we decided to share a list of basic tools, that are used to navigate through the Sui ecosystem. We will cover these crucial tools here:
- Wallets — where you can control your assets and keep them secure.
- Bridges — a way to transfer assets across different blockchains.
- Decentralized Exchanges — facilitating P2P trading of digital assets.
- General Tools — set of utilities encompassing blockchain explorers.
Wallets
💧Sui Wallet — developed by Mysten Labs, a native wallet on the Sui blockchain.
⚔️Martian Wallet — a self-custodial wallet for Aptos & Sui, has a great UI and a number of unique functions.
Bridges
🕳️Portal — bridge powered by Wormhole, enables funds to transfer through a majority of blockchains, including Sui, and a wide variety of assets. Most DEXes integrated it as bridge on their apps.
Decentralized Exchanges (DEXes)
🌵Cetus — a leading DEX and concentrated liquidity protocol on Move-based ecosystems like Aptos and Sui.
🦄KriyaDEX — high-quality infrastructure for on-chain trading is currently available, featuring an in-app bridge, an AMM swap, and a fully on-chain order book for 20x perpetual trading.
🛢️Turbos finance — decentralized crypto marketplace built on Sui.
General Tools
Sui Explorer — see all on-chain statistics and details about your transactions using native explorer on Sui.
Today, we explored the fundamental tools essential for navigating the Sui ecosystem. Leveraging these tools will enable you to optimize resource usage, minimize costs, and enhance overall capital efficiency within the Sui ecosystem.
