穗链引领新一代公链崛起，推出值得关注的早期热​​门链上生态项目

11月11日，L1公链Sui项目的代币SUI达到3.3美元的历史新高。同时，其链上生态项目Cow Protocol（COW）于五天前在币安上线，进一步引发了社区对这一新一代公链未来潜力的关注。

The Golden Finance report is as follows:

金色财经报告如下：

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公链Sui项目代币SUI创下3.3美元的历史新高。同时，其链上生态项目Cow Protocol（COW）于五天前在币安上线，进一步引发了社区对这一新一代公链未来潜力的关注。

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.

与此同时，Sui生态代币普遍上涨，包括CETUS、DEEP、NAVX以及相关meme币。对此，有机构预测，Sui将跻身未来12个月加密行业发展十大趋势之列。

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

那么Sui为何能在各大公链中引领崛起，其链上有哪些早期热门项目值得关注呢？

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正式上线交易所，此后项目代币跌至0.37美元左右。然而，随着新一轮牛市的到来，SUI出现了飙升，今年3月底达到2美元的历史新高，较最低点上涨了约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.

但不久之后，随着加密货币市场降温，SUI 大幅下跌，跌至 0.46 美元左右，跌幅达 77%。因此，在上一次加密牛市中，SUI的整体回报率相对于同类项目来说相对平均。

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%.

不过，进入今年下半年，SUI进入爆发式增长期。 8月份单周涨幅超140%，9、10月份，SUI再次展现出不俗的强势，从0.74美元上涨至2.368美元，涨幅达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.

就在许多人认为 SUI 已经见顶并开始做空时，SUI 仍在继续攀升。随着特朗普的胜利和加密货币市场的升温，SUI 达到了 3.3 美元的峰值，较 0.74 美元的低点上涨了约 346%。

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

在公链项目回报普遍不佳的一年里，Sui 的表现却脱颖而出。

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.

根据 DefiLLama 数据，Sui 目前的 TVL 为 14.6 亿美元，过去一周增长 49.14%，在公链中排名第 8。此外，根据 CoinMarketcap 数据，SUI 的市值已升至加密货币领域第 15 位，超过 BCH，目前报道为 90.68 亿美元。

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.

隋朝的崛起有多种因素的影响。除了加密货币市场的整体复苏之外，更多的是由于诸多利好因素的积累。

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，灰度向合格投资者开放私募基金认购，其中包括SUI等19个代币。 Valor还在瑞典股市Spotlight上推出了Valor Sui（SUI）ETP，为散户和机构投资者提供了SUI的投资机会。

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项目团队也在积极开展工作，比如在迪拜建立区块链开发者和创业者孵化器，计划在2025年推出手持游戏设备SuiPlay0X1。此外，今年8月，Mysten Labs推出了新的共识引擎Mysticeti，可以在一定程度上减少Sui区块链上的延迟。

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%.

分析师指出，与 Solana 和以太坊相比，Sui 的借贷协议提供更高的收益率。其中Scallop的稳定收益最高，质押SCA获得veSCA，最高可借贷45%的收益率。

2. Popular Ecological Projects

2、热门生态项目

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带来的财富效应也激活了其链上生态，不少社区成员将注意力转向了Sui的早期项目和MEME币。据Sui官网信息显示，目前已上榜项目86个，其中不少属于基础设施、DeFi、GameFi等类别。

1. DeFi

1. 去中心化金融

NAVI Protocol

NAVI协议

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原生的一站式流动性协议和借贷平台，为SUI、USDC、USDT、wETH、wBTC提供抵押贷/借贷服务，并支持隔离池、闪贷、即将推出的跨链贷等功能/贷款。它允许用户作为流动性提供者或借款人参与Sui生态系统。流动性提供者向市场提供资产并通过收益率赚取被动收入，而借款人则可以灵活地获得不同资产的贷款。

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

目前，项目代币NAVX定价为0.18美元，市值约为5750万美元。

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

10月22日，NAVI Protocol成为Ondo Finance在穗网的官方借贷合作伙伴。

Cetus Protocol

Cetus协议

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

Cetus 协议是在 Sui 和 Aptos 区块链上运行的去中心化交易和流动性协议。它利用了