Original Author: Alex Liu, Foresight News
The narrative of the "Memecoin Super Cycle" is gaining popularity, and Sui, as a recently trending L1 public chain, has also produced several notable tokens — from the OG Meme Doge FUD, which rose up to 5 times from its bottom, to the Sui chain hippo Hippo, which once surpassed Ethereum in market cap, the rising star dirty fish Blub, and the cat-themed Meme Roaring Black Cat AAA on Sui…
Where can you find the best prices for launching meme coins on Sui? How can you interact on-chain and what potential airdrop opportunities are there?
Hop Aggregator
Hop claims to be the fastest trading aggregator on Sui, and the overall user experience is indeed relatively superior. Its router can split a transaction into smaller trades (hops) with the best prices across major DEXs. If you don't want to compare prices manually, it's best to choose Hop for exchanges, as the prices are generally optimal.
The Fun module in the top right navigation bar indicates that Hop will launch a Meme token platform called hop.fun in the future. The current development progress is unknown, but it should be relatively advanced, as the project team started teasing "Soon" back in late May this year.
DEX Landscape on Sui
Let's analyze the paths of two transactions on Hop. Hop believes that under the current transaction amounts, the exchange rates for CETUS to USDC - SUI and wUSDC - USDC are optimal, while the SUI - AAA rate is best on BLUEMOVE, and the AAA - wUSDC rate is optimal on Turbos.
This essentially reflects the current competitive landscape of DEXs on Sui. Cetus is the DEX with the highest TVL on Sui, offering the best liquidity for mainstream trading pairs like USDC - SUI and wUSDC - USDC.
DEX TVL Rankings on Sui, Data Source: DeFiLlama
Meanwhile, Turbos and Bluemove have better liquidity for Meme coins. Many of the main liquidity pools for Meme coins are deployed on Turbos, while Bluemove is backed by its own new product, the Meme coin issuance platform Move Pump.
Liquidity and Trading Volume Distribution of Meme Coin AAA on DEX
Among other DEXs with relatively high TVL, Deepbook is a product developed by Mysten Labs, the official development company of Sui, and it operates as an on-chain order book exchange, differing significantly from other DEXs. DeepBook announced that it will launch the DEEP token on October 14, with a maximum supply of 10 billion tokens and an initial circulating supply of 2.5 billion tokens, with the remainder to be unlocked over the next 7 years. In addition to launching the DEEP token on October 14, the DeepBook V3 version will also be released simultaneously. On the day of the token launch, the 101,968 holders of DBClaimNFT will be able to claim their token allocation through a claiming website; for users who participated in the V3 testing phase, DeepBook will analyze their quality and timely contributions, and will provide another claiming website within a few weeks after the token launch for users to check their eligibility and claim rewards.
If you are eligible to claim the DEEP token airdrop, you will see a banner prompt when you open the Sui Wallet developed by Sui.
Another DEX on Sui worth mentioning is Aftermath.
Aftermath
Aftermath is the second-largest DEX by TVL on Sui (though about half of its TVL comes from the LST product afSUI), and it also functions as an aggregator, claiming to be the aggregator of aggregators by comparing quotes from multiple aggregators to select the best execution.
However, Hop's API blocks Aftermath's calls, and Aftermath's website sometimes loads very slowly and has unstable RPC, which results in a less comprehensive experience compared to Hop.
Aftermath's advantage lies in the fact that it is not just an aggregator; it allows for liquid staking of SUI for afSUI and provides yield options. If it issues a token, the potential for the token would be greater than that of a simple aggregator.
Yield Rates in Aftermath Farm
Providing SUI - afSUI liquidity and staking in the farm can yield over 12% in SUI terms. Using Aftermath for exchanges and providing liquidity also presents opportunities for future token airdrops.
Aftermath has also launched an NFT series — Egg, which currently has no utility, but the official statement is "Buy eggs, prepare for the future of Aftermath."
Currently, the floor price for Eggs on Tradeport is 105 SUI. The whitelist mint price was 20 SUI, and the public sale price was 40 SUI.
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