Sui Space Time 3 — Metrics, CLOB and Tools

Welcome back to the third edition of our Sui Space Time newsletter, where we spotlight the standout moments and the pioneering developments shaping the Sui universe.

This week is brimming with news that showcases how our dynamic ecosystem is pushing the boundaries of DeFi and driving innovation at breakneck speed.

Exploring Sui’s Defining Moments

Easily Build Programmable Transaction Blocks

Scallop is the first DeFi protocol to receive a grant from the Sui Foundation. They are building a money market with institutional-grade quality, enhanced composability and robust security. The platform offers high-interest lending, low-fee borrowing, AMM, and asset management tools.

Programmable Transaction Blocks are a powerful core developer primitive allowing to aggregate and chain up to 1024 transactions in one. It results in greatly enhanced composability. A dApp can perform multiple complex transactions at once and ensures total success or failure (PTBs execute atomically).

Simple example: you can create & send different assets to multiple addresses in one PTB (~tx).

Scallop Tools Scallop team participated in the 48h hackathon at the Sui Builder House in Seoul and got the 1st place with Scallop Tools. The dApp provide many tools such as:

• Objects transfer (incl. Coin)
• Split & Merge Coins
• Dump Objects (=burn)
• Multi send coins
• Multi merge & split

They already planned a v2 with:

• Arbitrage between protocols
• Transaction with memo/note
• Local Storage of PTBs

Learn more in their Medium article.

The First Native Central Limit Order Book is Live on Sui

DeepBook provides a liquidity layer for the next generation of DeFi protocols on Sui. It’s designed for easy adoption, with an open API that lets builders connect their apps effortlessly, and tap into a world of asset trading.

KriyaDEX, Turbos_finance, AftermathFi, CetusProtocol, KaironLabs, and MovEX leveraged DeepBook as soon as it launched since they’ve been implementing on Testnet.

DeepBook is permissionless and open source. This means anyone can publish a liquidity pool to enable trading between any pair of assets. It doesn’t even have a token, all the fees collected are burned.

As a CLOB, DeepBook lets sellers list assets at a specific price (that’s a limit order for you) or at a market price. Buyers can scan through the DeepBook ledger to find the assets they want to snap up. There are two main components:

• core matching engine, for on-chain order matching
• smart order routing engine, for off-chain transaction processing

Learn more in this blog post.

Sui metrics are soaring

Due to high interest in the Bullshark Quests, numbers on the Sui network have spiked. Daily transactions on Sui even have surpassed Solana’s.

• almost 200M transaction blocks
• more than 20M daily
• more than 1M active accounts
• 30–50k daily accounts

Consuming the News Capsule

• trade port is live on Sui
• interest protocol launched its testnet campaign
• TypusFinance listed call spread options
• StudioMirai published an interview with Adeniyi, CTO of Mysten Labs
• Hola_Sui released the first DAO constructor on Sui
• staketab added a DeFi tab to suiscan
• instant sell on Hyperspace
• SuiExplorer has a new UI
• after 2 weeks on mainnet bucket_protocol reached $500,000+ locked

As we wrap up this week’s highlights, we’re inspired by the ground-breaking enhancements and the growing community engagement which are a testament to the dynamism and the promising potential that Sui represents.

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