Hype around the Sui network has been building following its remarkable performance.
This has led many crypto traders to wonder if Sui is the next Solana and how to seize its opportunities.
Fortunately, there are plenty of ways to dive into Sui—whether it’s through meme coin trading or engaging with DeFi protocols for a potential airdrop.
In this post, I’ll guide you through how to get started on the Sui network and maximize its opportunities through its top DeFI protocols.
How to Get Started with Sui Network for Serious Gains
To get started on Sui, here are a few steps to follow:
First Step – Install Sui Wallet
The first step is to install and create a Sui wallet.
If you haven’t already, the Sui Wallet and Suiet Wallet are the two best options for the Sui network.
Both wallets are available on mobile apps and Chrome extensions.
Simply download any of these wallets, create a wallet, and be sure to keep your seed phrase safe.
Second Step – Fund the wallet
The next step is to fund your wallet with crypto.
Keep in mind that you must have some SUI token in your wallet for gas fees.
You can purchase SUI from any exchange you prefer.
Here are the top exchanges with the best liquidity for purchasing SUI tokens:
Once you have made the purchase, simply copy your Sui address from the wallet you created and withdraw the funds.
Also, if you have USDC on the Ethereum mainnet and want to transfer it to Sui, you can easily use the Sui native bridge for that.
Now that your wallet is funded, you’re ready to embark on your DeFi journey within the Sui ecosystem!
Let’s dive into the best DeFi protocols for discovering opportunities on the Sui network!
Top DeFi Protocols on Sui to Chase Opportunities
1. Kriya Finance
Kriya Finance is a DeFi protocol on the Sui blockchain that offers fast trades and efficient liquidity management through its integration with Sui’s DeepBook.
Users can engage in staking, lending, borrowing, and token swapping at low fees, with up to 20x leverage on cross-margin trading.
Additionally, Kriya provides “token sniffers” to help users identify safe meme coins and avoid rug pulls.
With over $10M in total value locked, Kriya is one of the most liquid DEXs on Sui, allowing users to trade meme coins and add liquidity easily.
Notably, using Kriya gives users a chance to qualify for airdrops, as the protocol currently does not have a native token.
By actively participating in Kriya, users position themselves for potential airdrops, including the future Kriya token and other upcoming Sui projects.
2. Cetus
Cetus Protocol is a decentralized exchange (DEX) on the Sui blockchain that facilitates trading and liquidity provision.
Unlike traditional DEXs that use automated market makers (AMMs), Cetus employs an order book model, allowing users to place limit and market orders for enhanced price control.
The platform features a user-friendly interface, providing a seamless trading experience accessible to both novice and expert traders.
With over $180M in total value locked, Cetus stands out as a leading DEX on Sui, enabling a wide range of trading activities similar to those available on Kriya.
While Cetus may be the top exchange on Sui, it already has a native token.
However, it presents opportunities for potential airdrops from other protocols; for example, Cetus users received the DEEP airdrop.
3. Aftermath Finance
Aftermath Finance is an on-chain centralized exchange (CEX) on the Sui Network, blending CEX convenience with DEX transparency.
Users can stake assets for yield farming and liquidity rewards, maximizing their returns.
The platform features afSUI, a liquid staking derivative that can be used in DeFi or added to pools for extra gains.
It offers a seamless trading experience with optimized routes for the best market prices.
Plus, bridging protocols let you transfer tokens across six chains, making it a haven for degens looking for opportunities.
Aftermath has no token yet; regularly using the platform for trades could qualify you for potential airdrops.
4. Bluefin
Another top DEX on the Sui network is Bluefin, which allows users to trade derivatives, including crypto perpetual swaps, similar to futures trading on centralized exchanges.
Remarkably, it positions itself as a leading derivatives exchange with over 70% market share.
The platform has achieved more than $25 billion in trading volume, generating monthly revenues exceeding $1 million.
Bluefin aims to expand beyond perpetual trading to create a comprehensive DeFi ecosystem.
The project currently has no token, but its upcoming token, BLUE, aims to decentralize decision-making and incentivize users and contributors—making this the ideal time to engage ahead of potential airdrops.
5. Hop Aggregator
Hop Aggregator is a DEX on the Sui network that lets you swap and bridge your coins easily with Simpleswap.
It quickly finds the best trade routes for any amount, giving you direct access to the best prices and lending rates across multiple DEXs and markets.
Plus, they just launched hop.fun to boost the DeFi scene on Sui, aiming for greater liquidity and efficiency, similar to the popular pump.fun on Solana.
Hop Aggregator has a friendly UI that makes it smoother and easier to navigate the Sui ecosystem for newbies and experts alike.
There you have my top pick for DeFi protocols on the Sui network!
Suggested Read {Sui is Exploding: Snipe 100x Gains on Sui Meme Coins with These Bots!}
Conclusion
Although the list includes my top picks, there are several other DeFi projects on Sui you can explore.
For instance, Scallop is a lending and borrowing platform that has already launched its token and distributed airdrops, but they continue running campaigns to reward users.
During my research, there’s a campaign where borrowing on Scallop gives you a chance to win $100 worth of Scallop tokens.
Sparkling Finance and Suilend are also solid options. You can also check out the full range of DeFi projects on Sui by checking DeFiLlama.
With Sui’s impressive success and rapid growth, it’s undoubtedly a chain worth keeping an eye on.
What’s your take on the Sui network’s impressive performance?
Do you think it has the potential to become the next Solana?
Share your thoughts in the comments! Also, don’t forget to click on the social media icons below to share this post. Thanks!
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