This article will introduce you to the most popular projects in the Sui ecosystem for 2024, selected from the perspectives of community interest and data metrics, covering various sectors such as infrastructure and DeFi.
Author: Sui Chinese Assistant, Sui Network
In the past year and a half, projects built on the Sui mainnet have brought a record number of users to this most innovative and high-performance blockchain ecosystem. Users have flocked to DeFi protocols that achieved early success on the network while also exploring areas such as media services, NFT markets, and gaming.
As 2024 comes to a close, we reflect on the most popular projects in Sui's first complete calendar year. Some of these projects launched in 2023 alongside the Sui mainnet, while others quickly gained popularity this year.
For each project, their builders learned how to program using the Move language and utilized features such as composable objects and Kiosk. They leveraged Sui's unique innovations, such as zkLogin and sponsored transactions, to simplify the onboarding process for new users as much as possible. Ultimately, their efforts were recognized by the Sui community and quickly adopted by users.
Most Popular Projects by Community Interest
To select the most popular projects on Sui, we combined community interest and data metrics. First, we compiled a list of the top 30 projects based on active accounts and activity levels. Next, we invited representative community ambassadors from Sui to choose the projects they believe are most worthy of attention from this list. We then conducted a vote on Discord to determine the rankings of these projects.
🌟 Discord:
https://discord.com/servers/sui-916379725201563759
It is important to note that account and transaction metrics favor on-chain projects, while some very popular games may utilize Sui for digital asset trading, but most activities rely on binary methods. Therefore, we aim to provide a credible perspective showcasing the projects most focused on by the community in 2024.
Walrus
Engineers from Mysten Labs, who are also the original contributors to Sui, proposed a new decentralized storage platform called Walrus, which launched on both the development and test networks this year. Although Walrus is a completely independent platform, the builders use Sui as a coordination layer for storing assets on Walrus. Current activity on Sui is related to Walrus NFTs, indicating a high level of interest in this new platform.
🌟 Learn More: https://www.walrus.xyz/zh
Sui Name Service
As a foundational platform that makes Sui user-friendly, Sui Name Service transforms complex blockchain addresses into human-readable names prefixed with the @ symbol. This format makes names more familiar, easier to remember, and similar to social media usernames. Compared to domain names in the Web2 world, Sui names can serve not only as personal identifiers but also support sub-names suitable for complex organizational structures.
🌟 Learn More: https://suins.io/
DeepBook
Sui's first native liquidity layer, DeepBook, was launched in 2023 to support the DeFi ecosystem. DeepBook supports market orders and limit orders, providing convenient liquidity access for exchanges on Sui. As a decentralized public product, DeepBook is operated by the community and has released its own DEEP token.
🌟 Learn More: https://deepbook.tech/
Cetus
The liquidity protocol Cetus was launched early on Sui and currently offers exchange functions with limit orders, as well as tools such as mining, liquidity pools, and treasury services for a wide range of DeFi users. Its DeepBook interface provides ordinary users with a unique way to directly access Sui's native liquidity layer. Its developer tools also support builders looking to integrate DeFi functionalities into their own projects.
🌟 Learn More: https://www.cetus.zone/
Suilend
The Suilend team began building on Sui in 2024 and quickly realized that Sui offers an excellent development experience for developers. Building on their experience with Solana, they launched their lending platform in March and achieved over $450 million in TVL growth in just eight months. In addition to lending, Suilend also offers exchange and cross-chain bridging services.
🌟 Learn More: https://suilend.fi/
NAVI
As one of the early DeFi protocols on Sui, NAVI combines DEX aggregation, liquidity staking, and lending functionalities. NAVI boasts a TVL of $714 million and over 800,000 users, continuously innovating and deploying new features to maximize its user potential. Read the special article about NAVI
🌟 Learn More: https://naviprotocol.io/
Aftermath Finance
The DeFi protocol Aftermath serves as an exchange aggregator on Sui, analyzing exchange rates offered by other aggregators when users enter trades and finding the best trading paths. Aftermath also provides liquidity staking through its afSUI token and offers various other mining rewards.
🌟 Learn More: https://aftermath.finance/
Scallop
The lending platform Scallop is another early Sui DeFi protocol serving a wide range of users from beginners to professionals. The platform allows users to deposit SUI into pools to earn interest or engage in more complex lending strategies. In addition to lending, Scallop now also supports exchange functions and provides cross-chain bridging capabilities.
🌟 Learn More: https://scallop.io/
Turbos
Turbos is a decentralized crypto market built on Sui, offering two main functions: exchange and providing liquidity for other users. As an early DeFi project on Sui, the Turbos team brings extensive experience and ongoing development, focusing on making it as efficient as possible.
🌟 Learn More: https://turbos.finance/
Tradeport
The NFT market Tradeport launched on Sui, leveraging its rich experience gained from successes on chains like Near and Base. Its interface allows even novice users to easily find and purchase NFTs. In addition to marketplace functions, Tradeport also includes tools for users to mint their own NFTs and engage in more advanced development.
🌟 Learn More: https://www.tradeport.xyz/
Most Popular Projects by Data Metrics
For users who focus solely on data metrics, we compiled a list of the top 10 projects ranked by active accounts, excluding public projects that have not yet met active standards. The active account metric has a high correlation with transaction volume, so we chose to use the former to represent the number of users for each project.
Wave Wallet
Wave Wallet combines wallet functionality with gaming and uses Telegram as its platform, attracting a large number of active users on Sui. Users can play fun games and use their digital assets all in one interface. The company also utilizes Telegram as a universal gaming platform. Read the special article about Wave Wallet
🌟 Learn More: https://waveonsui.com/
BIRDS
BIRDS is another Telegram-based application that gamifies DeFi, providing a multi-stage interactive experience. Players first hatch an egg and help it upgrade until it hatches. The next stage of the game involves feeding the birds to make them stronger and faster, unlocking more advanced game features.
🌟 Learn More: https://birds.dog/
FanTV
The video platform FanTV aims to disrupt services like YouTube and TikTok by compensating content creators more fairly. The app launched in India and is currently gaining global attention, consistently ranking in the top 10 for users.
🌟 Learn More: https://fantv.world/
Aylab
Aylab utilizes Web3 technology for advertising, having provided over 120 million ad impressions and more than 95 million transactions. As an advertising platform, Aylab helps other projects with user acquisition and marketing, becoming an important part of Sui's business support model, similar to Google's transformative role in traditional internet advertising.
🌟 Learn More: https://aylab.io/
Fomo
Fomo is essentially a proof-of-work (PoW) memecoin based on Telegram, showcasing high user interest. It appears to have launched as a promotional campaign and may stop at some point. However, its high transaction rate demonstrates how Sui can easily scale while maintaining stable fees.
🌟 Learn More: https://t.me/fomosuipow
Walrus
Engineers from Mysten Labs, who are also the original contributors to Sui, proposed a new decentralized storage platform called Walrus, which launched on both the development and test networks this year. Although Walrus is a completely independent platform, the builders use Sui as a coordination layer for storing assets on Walrus. Current activity on Sui is related to Walrus NFTs, indicating a high level of interest in this new platform.
🌟 Learn More: https://www.walrus.xyz/zh
SuiLink
As a public utility, SuiLink facilitates cross-chain interoperability by connecting users' Sui accounts with Ethereum or Solana accounts. The link proves identity through a soulbound NFT. SuiLink offers opportunities for cross-chain rewards, priority features, and exclusive events.
🌟 Learn More: https://www.suilink.io/connect
NAVI
As one of the early DeFi protocols on Sui, NAVI combines DEX aggregation, liquidity staking, and lending functionalities. NAVI boasts a TVL of $714 million and over 800,000 users, continuously innovating and deploying new features to maximize its user potential. Read the special article about NAVI
🌟 Learn More: https://naviprotocol.io/
Scallop
The lending platform Scallop is another early Sui DeFi protocol serving a wide range of users from beginners to professionals. The platform allows users to deposit SUI into pools to earn interest or engage in more complex lending strategies. In addition to lending, Scallop now also supports exchange functions and provides cross-chain bridging capabilities.
🌟 Learn More: https://scallop.io/
Cetus
The liquidity protocol Cetus was launched early on Sui and currently offers exchange functions with limit orders, as well as tools such as mining, liquidity pools, and treasury services for a wide range of DeFi users. Its DeepBook interface provides ordinary users with a unique way to directly access Sui's native liquidity layer. Its developer tools also support builders looking to integrate DeFi functionalities into their own projects.
🌟 Learn More: https://www.cetus.zone/
In Sui's first complete year, we observed strong user interest in foundational projects (such as Sui Name Service) and DeFi protocols, which are typically early adopters of the network. GameFi projects have also garnered attention, indicating that new games launching later this year and next year may be very successful.
We are very much looking forward to seeing more new projects landing on Sui in the coming year and attracting an increasing number of users with its scalability.
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