Cetus Protocol sets a new record with over $2 billion in weekly trading volume, marking a significant milestone for the Sui blockchain
Author: Chirag Sharma
Written On: Mon, 18 Nov 2024 09:29:17 GMT
A New Milestone for Sui’s Leading DEX, Cetus Protocol has smashed records, surpassing $2 billion in weekly trading volume for the first time! This remarkable achievement cements its position as a key player on the Sui blockchain and highlights the rapid growth of the DeFi ecosystem.
The milestone reflects:
This success underscores Sui’s emergence as a prominent blockchain for decentralized applications and Cetus Protocol role as a driver of its growth.
The $2 billion Cetus Protocol volume highlights the maturing DeFi sector, where:
Analysts are optimistic about the impact on Sui’s native assets and the broader crypto market. However, they warn of the volatility in DeFi trading volumes and recommend cautious optimism. Achievements like these, while significant, need to be followed by sustained growth and ecosystem development.
Can Cetus Protocol maintain this momentum and further solidify Sui’s position in DeFi? With milestones like this, the future looks promising for both.
Real voices. Real reactions.
Add your reaction to this story:
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Quick Sync Exploited in Targeted Attack, Token Falls By 99% In 7 Days
Figma Allocates $69.5M to Bitcoin ETF in IPO Prospectus
Creo Engine Adds $200,000 Liquidity on PancakeSwap V2
US Senate Passes Trump Budget Bill Without Crypto Tax Fix
Quick Sync Exploited in Targeted Attack, Token Falls By 99% In 7 Days
Figma Allocates $69.5M to Bitcoin ETF in IPO Prospectus
Creo Engine Adds $200,000 Liquidity on PancakeSwap V2
US Senate Passes Trump Budget Bill Without Crypto Tax Fix