穗鏈引領新一代公鏈崛起，推出值得關注的早期熱門鏈上生態項目

11月11日，L1公鏈Sui計畫的代幣SUI達到3.3美元的歷史新高。同時，其鏈上生態計畫Cow Protocol（COW）於五天前在幣安上線，進一步引發了社群對這一新一代公鏈未來潛力的關注。

The Golden Finance report is as follows:

金色財經報告如下：

On November 11, the L1 public chain Sui project token SUI reached an all-time high of $3.3. Meanwhile, its on-chain ecological project Cow Protocol (COW) was listed on Binance just five days ago, further attracting community attention to the future potential of this new-generation public chain.

11月11日，L1公鏈Sui專案代幣SUI創下3.3美元的歷史新高。同時，其鏈上生態計畫Cow Protocol（COW）於五天前在幣安上線，進一步引發了社群對這一新一代公鏈未來潛力的關注。

At the same time, Sui's ecological tokens saw a general rise, including CETUS, DEEP, NAVX, and related meme coins. In this regard, some institutions predict that Sui will be among the top ten trends in the development of the crypto industry over the next 12 months.

同時，Sui生態代幣普遍上漲，包括CETUS、DEEP、NAVX以及相關meme幣。對此，有機構預測，Sui將躋身未來12個月加密產業發展十大趨勢。

So why is Sui leading the rise among major public chains, and what early popular projects on its chain are worth paying attention to?

那麼Sui為何能在各大公鏈中引領崛起，其鏈上有哪些早期熱門項目值得關注呢？

1. Sui's Ascending Channel

1.隋上升通道

In May 2023, Sui officially launched on exchanges, after which the project token fell to around $0.37. However, with the arrival of a new bull market, SUI experienced a surge, reaching an all-time high of $2 at the end of March this year, marking an increase of approximately 440% from its lowest point.

2023年5月，Sui正式上線交易所，此後專案代幣跌至0.37美元左右。然而，隨著新一輪多頭市場的到來，SUI出現了飆升，今年3月底達到2美元的歷史新高，較最低點上漲了約440%。

But soon after, SUI fell sharply as the crypto market cooled, dropping to around $0.46, a decline of 77%. Therefore, in the last crypto bull market, SUI's overall returns were relatively average compared to similar projects.

但不久之後，隨著加密貨幣市場降溫，SUI 大幅下跌，跌至 0.46 美元左右，跌幅達 77%。因此，在上一次加密牛市中，SUI的整體回報率相對於同類項目來說相對平均。

However, entering the second half of this year, SUI entered a period of explosive growth. In August, it recorded over 140% in a single week, and in September and October, SUI showcased remarkable strength again, rising from $0.74 to $2.368, an increase of 220%.

不過，進入今年下半年，SUI進入爆發式增長期。 8月單週漲幅超140%，9、10月份，SUI再次展現出不俗的強勢，從0.74美元上漲至2.368美元，漲幅達220%。

Just when many thought SUI had peaked and started shorting it, SUI continued to climb. With Trump's victory and the crypto market warming up, SUI reached a peak of $3.3, representing an increase of about 346% from its low of $0.74.

就在許多人認為 SUI 已經見頂並開始做空時，SUI 仍在繼續攀升。隨著川普的勝利和加密貨幣市場的升溫，SUI 達到了 3.3 美元的峰值，較 0.74 美元的低點上漲了約 346%。

In a year where public chain project returns have generally been poor, Sui's performance stands out.

在公鏈專案回報普遍不佳的一年裡，Sui 的表現脫穎而出。

According to DefiLLama data, Sui's current TVL is $1.46 billion, with a 49.14% increase over the past week, ranking 8th among public chains. Additionally, according to CoinMarketcap data, SUI's market capitalization has risen to 15th in the crypto space, surpassing BCH, currently reported at $9.068 billion.

根據 DefiLLama 數據，Sui 目前的 TVL 為 14.6 億美元，過去一周增長 49.14%，在公鏈中排名第 8。此外，根據 CoinMarketcap 數據，SUI 的市值已升至加密貨幣領域第 15 位，超過 BCH，目前報告為 90.68 億美元。

The rise of Sui is attributed to various factors; besides the overall recovery of the crypto market, it is more due to the accumulation of many favorable factors.

隋朝的崛起有多種因素的影響。除了加密貨幣市場的整體復甦之外，更多的是由於許多利好因素的累積。

In October this year, Grayscale opened private fund subscriptions for qualified investors, including SUI and 19 other tokens. Valour also launched the Valour Sui (SUI) ETP on the Swedish stock market Spotlight, providing retail and institutional investors with investment opportunities in SUI.

今年10月，灰階向合格投資人開放私募基金認購，其中包括SUI等19個代幣。 Valor也在瑞典股市Spotlight上推出了Valor Sui（SUI）ETP，為散戶和機構投資者提供了SUI的投資機會。

The Sui project team is also actively working, such as establishing a blockchain developer and entrepreneur incubator in Dubai and planning to launch the handheld gaming device SuiPlay0X1 in 2025. Additionally, in August this year, Mysten Labs launched a new consensus engine, Mysticeti, which can reduce latency on the Sui blockchain to some extent.

Sui專案團隊也積極開展工作，例如在杜拜建立區塊鏈開發者和創業家孵化器，計劃在2025年推出手持遊戲設備SuiPlay0X1。在一定程度上減少Sui區塊鏈上的延遲。

Analysts have noted that compared to Solana and Ethereum, Sui's lending protocols offer higher yields. Among them, Scallop provides the highest stable returns, with staking SCA to obtain veSCA allowing for borrowing with a maximum yield of 45%.

分析師指出，與 Solana 和以太坊相比，Sui 的借貸協議提供更高的收益率。其中Scallop的穩定收益最高，質押SCA獲得veSCA，最高可藉貸45%的殖利率。

2. Popular Ecological Projects

2、熱門生態項目

The wealth effect brought by SUI has also activated its on-chain ecosystem, with many community members shifting their focus to early projects and MEME coins on Sui. According to information from the Sui official website, there are currently 86 projects listed, with many in the infrastructure, DeFi, and GameFi categories.

SUI帶來的財富效應也活化了其鏈上生態，許多社群成員將注意力轉向了Sui的早期專案和MEME幣。根據Sui官網資訊顯示，目前已上榜項目86個，其中許多屬於基礎設施、DeFi、GameFi等類別。

1. DeFi

1. 去中心化金融

NAVI Protocol

NAVI協議

Navi is a native one-stop liquidity protocol and lending platform on Sui, providing collateralized loan/lending services for SUI, USDC, USDT, wETH, and wBTC, and supporting features such as isolated pools, flash loans, and upcoming cross-chain loans/lending. It allows users to participate in the Sui ecosystem as liquidity providers or borrowers. Liquidity providers supply assets to the market and earn passive income through yields, while borrowers can flexibly obtain loans in different assets.

Navi是Sui原生的一站式流動性協議和借貸平台，為SUI、USDC、USDT、wETH、wBTC提供抵押貸款/借貸服務，並支援隔離池、閃貸、即將推出的跨鏈貸等功能/貸款。它允許用戶作為流動性提供者或借款人參與Sui生態系統。流動性提供者向市場提供資產並透過收益率賺取被動收入，而藉款人則可以靈活地獲得不同資產的貸款。

Currently, the project token NAVX is priced at $0.18, with a market capitalization of approximately $57.5 million.

目前，專案代幣NAVX定價為0.18美元，市值約5,750萬美元。

On October 22, NAVI Protocol became the official lending partner of Ondo Finance on the Sui network.

10月22日，NAVI Protocol成為Ondo Finance在穗網的官方借貸合作夥伴。

Cetus Protocol

Cetus協議

Cetus Protocol is a decentralized exchange and liquidity protocol operating on the Sui and Aptos blockchains. It utilizes the

Cetus 協議是在 Sui 和 Aptos 區塊鏈上運行的去中心化交易和流動性協議。它利用了