Birdeye’s Crypto Trading Data Now Covers Sui Network

Along with our existing crypto trading data coverage on Solana and key EVM chains, Birdeye is excited to announce the addition of Sui to the list of chains we support! By expanding to Sui, a cutting-edge Layer-1 blockchain known for its impressive transaction speeds and scalability, Birdeye is not just stepping into new territory but is also bringing its extensive user base into a burgeoning network.

In today’s blog, we’ll discuss why we chose Sui and our list of decentralized exchange (DEX) partners that support our expansion into the new ecosystem.

Why Sui?

1. Introduction of Sui Network

Sui is a Layer-1 (L1) blockchain designed with the unique Move programming language. It is capable of running tasks concurrently, which significantly enhances transaction speed and cost efficiency. Moreover, Sui’s infrastructure allows for the scalability of data processing and storage, which is crucial for Birdeye’s Sui data to run smoothly.

Sui has quickly become a fast-growing and innovative network:

• Between January and February 2024, data from Wormhole revealed that more than US$300M was transferred from Ethereum to Sui. This influx of assets has placed Sui consistently in the top 10 chain vicinity, ranked by DefiLlama.
• We believe Sui’s future growth is largely based on its commitment to forging and expanding partnerships that will bolster user trust and convenience. Notable collaborations include joining forces with Stork, an oracle provider, to deliver real-time token pricing data infrastructure. Additionally, Sui has partnered with Banxa, a payment infrastructure provider, to enhance the fiat-to-crypto onramping function of its native Sui Wallet. Onramping allows users to purchase cryptocurrency directly with their local currency, improving user experience and convenience significantly.

Sui has a large growth potential. Birdeye’s presence will hopefully bring significant benefits for both parties in the time to come.

2. Benefits for Birdeye and Sui users

Expansion to Sui is a strategic move for Birdeye to tap into a new network with even further growth potential. Birdeye users can now access trading data of highly desirable tokens on Sui.

With the presence of Birdeye in the Sui network’s ecosystem, we’ll help bring in the 17M+ users we’ve served to the network and boost trading activities on the chain further, ultimately building its growth even further. Sui users will now also have access to precise on-chain crypto trading data for their favorite chain in a unified interface.

Our DEX & DEX Aggregator Partners

For our launch on Sui, we’ll first integrate with the DEXes and DEX aggregator where most if not all of Sui’s liquidity is from. They are our main partners that help function either or both of our Recent Trades and Swap functions.

Let’s have a look at our DEX partners:

1. Cetus Protocol

Cetus is a DEX and liquidity protocol on the Sui Network, making trading easier for all users and assets. It focuses on building its concentrated liquidity protocol and a series of affiliate interoperable functional modules. At the time of writing, Cetus boasts 1M users, US$110M+ TVL, and US$5.3B+ total trading volume.

2. KriyaDEX

KriyaDEX is a one-stop-shop DeFi protocol on Sui. It offers users key functions to trade efficiently in the Sui ecosystem like Swaps, Limit Orders, and other products like Yield Optimiser Vaults and 20x Perpetuals. At the time of writing, Kriya has US$60M TVL.

3. FlowX Finance

Launched in July 2023, FlowX Finance is an ecosystem-focused and community-oriented DEX built on Sui Network. Throughout their key products like Multi-token swap, Governance, Farming-as-a-Service, and others, FlowX puts the benefits of Sui stakeholders at its core, including Liquidity Provider, Trader, and Developer. In April 2024, FlowX is launching Concentrated Liquidity Market Maker for better liquidity efficiency and Aggregator V2 for more optimal rate and pricing data latency.

4. Aftermath

Aftermath is a platform for trading, liquid staking, and earning yield with speed and transparency benefiting from the Sui Network. They have designed their own AMM as well as a DEX aggregator that collects all spot trading liquidity venues on Sui. They’ve also been branching out to NFTFi with their NFT AMM currently in development.

5. Turbos Finance

Turbos Finance is an asset management and trading gateway on Sui. It’s backed by major web3 investors including Jump Crypto, Mysten Labs, and Big Brain Holdings. Turbos currently witnesses an all-time high Total Value Locked (TVL) of US$25M and a monthly trading volume of US$500M.

6. DeepBook

DeepBook is a liquidity layer on Sui, specializing in facilitating token trading with an emphasis on transparency, comprehensive trading options, and safeguarding customer privacy. It is known for its decentralized, permissionless infrastructure that enables seamless integration for developers.

7. BlueMove

BlueMove offers users a comprehensive DEX alongside an NFT launchpad and marketplace. BlueMove DEX introduces innovative features such as Smart Router and Stable LP. These features ensure optimal trading experiences with minimal slippage, solidifying BlueMove’s position as a premier choice for traders seeking convenience and efficiency in asset swapping.

8. Suiswap

Suiswap is a DEX or an order book-based trading platform. It offers a central limit order book, stablecoin (i.e. USDC/USDT) and traditional (i.e. SUI/USDC) liquidity pools, liquidity farming, and other functions. Suiswap is planning to expand its growth by facilitating cross-chain bridging, collaborating with more partners in the Sui ecosystem, and building new products.

Birdeye charting a new era with expansion to Sui

The partnership between Birdeye and the Sui Network opens up a new chapter for both entities. By leveraging Sui’s innovative technology and Birdeye’s vast user base, this collaboration is poised to enhance the trading experience, bolster liquidity, and drive adoption across the board. As Birdeye and Sui move forward together, users and traders can now access precise crypto trading data on Sui in one unified interface.