The post Sui Price Surging Ahead of Bluefin Spot Launch appeared on BitcoinEthereumNews.com.

Bluefin has officially launched the Bluefin Spot, which is powered by Sui Network. It is an attempt to become a major player in building the decentralized trading ecosystem. SUI price action has intensified. That comes on the heels of the primary product, Bluefin Perpetuals, which has traded over $37 billion since the Beta launch in September of the year 2023. In Bluefin Spot, Sui is in a position to boost its usability and expand its dominance in the decentralized finance market (DeFi) even more. That news has seen Sui, the network’s native token, record some notable gains in reaction. – Advertisement – Features of the New Development What’s new in Bluefin Spot is a set of features aimed at improving the basic trading functionality for the users. First, the wallet sidebar is where users can see their portfolio value as well as their different positions from one area. That also makes it possible for users to easily transition from spot trading to perpetual accounts. Further, it creates APRs for deposits and allows clients to determine potential profitability using historical prices. – Advertisement – It also offers the ability to add social login capability through zkLogin. It also helps to increase usability while incorporating complete security. This mechanism also improves account authentication while being free from the decentralized approach of the Sui Network. SUI Price Rally in Response to Bluefin Spot When the news about Bluefin Spot came out, SUI went on an exciting price surge. It was just 15% above last week’s price. SUI, at press time, was trading at $3.59, and its market capitalization reached $10.21 billion. This crypto’s trading volume over the last 24 hours went down by 22.66% to $1.45 billion. The trading volume was on surge a day ago, but things are not the same now.…

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Filed under: News - @ November 22, 2024 5:27 pm